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DMCC COMPANY FORMATION

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VAT in the UAE

12 February 2017

As announced in February 2016 by the UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, the UAE will introduce a Value Added Tax (VAT) of 5% beginning January 1, 2018. The six other states that make up the Gulf Cooperation Council (GCC) region will also be implementing a VAT during this time and/or by January 1, 2019 at the latest [...]

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UAE Free Zones – The Key for Fulfilling Economic Substance Requirement

1 September 2016

Incorporating in the UAE offers the leverage to foreign businesses to keep up with the requirements of tax authorities for economic substance through its free zone (FZ) structures. Businesses of any size can now take the opportunity to locate their business functions in the UAE and benefit from substantial tax savings, while satisfying the criteria for economic substance. [...]

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DUBAI MULTI COMMODITIES CENTER

Dubai Multi Commodities Center Company

Our commitment

  • Your Company in Dubai Multi Commodities Centre in 10 working days. *
  • A very competitive price, in complete transparency.
  • Complete confidentiality.
  • UAE Residency Visa for yourself and family members.
  • Your company with a bank account, including eBanking and debit card.
Contact us to register your company

Dubai Multi Commodities Center Company main characteristics:

Company type
Free Zone Limited Liability
Governing corporate legislation
DMCC Free Zone Authority
Information published relating to company officers
No company directors names are disclosed
Confidentiality
Complete confidentiality
Accounting requirement
Accounts and auditing are required
Taxation
No corporate or personal taxation
Legislation
DMCC Company regulations
Standard currency
UAE dirhams pegged to USD
Time to form
10 working days
Communication
Efficient means of communication
Local sponsor requirement
Not needed
Foreigner ownership
100%
Residence visa issuance
Residence visa issued
Number of directors needed
Minimum of one director

Licensing types:

  • Trade licenses
  • Industrial License
  • Services License

The major categories of industries that DMCC can license include:

  • Agriculture
  • Fishing
  • Mining & quarrying
  • Manufacturing
  • Electricity, gas & water supply
  • Construction
  • Trading & repairing
  • Hotels & restaurants
  • Transport, storage & communications
  • Financial intermediation
  • Real estate and business services
  • Education
  • Health & social work
  • Other community, social & personal services

Information concerning DMCC

DMCC

The DMCC has over 8,500 companies registered. This entity was established in 2002 with a vision to provide the physical, market and financial infrastructure required to set up and operate a world class commodities marketplace. The commodities that are traded through this free zone are primarily, gold, silver, copper, diamonds, tea, pearl, agro, base metals, currencies, energy, equity.

This free zone is also home to the following exchanges, namely,

  • Dubai Gold and Commodity Exchange (DGCX);
  • Dubai Diamond Exchange (DDE);
  • Dubai Pearl Exchange (DPE); and
  • Dubai Tea Trading Centre (DTTC).
* Please refer to our Terms & Conditions