How To Setup A Company in Dubai Multi Commodities Centre (DMCC)?

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DUBAI MULTI COMMODITIES CENTRE (DMCC)

The Dubai Multi Commodities Centre (DMCC) has been created as a strategic goal of the Dubai Government to establish a commodity marketplace in Dubai. DMCC is a government entity established in 2002 to enhance commodity trade flows through Dubai. The DMCC offers a unique opportunity for participants in a wide range of metals and commodities industries. It provides facilities that bring together the gold trade, the diamond trade (housing a Diamond Exchange), and trading in other selected commodities. The Centre has attracted key players throughout the entire value chain of each of these industry sectors, together with relevant support industries such as finance, logistics, and insurance.

KEY FEATURES

  • Trading in various commodities including gold and precious metals, diamonds and colored stones, and various services that complement the main core business
  • Freehold ownership of business premises
  • Diamond exchange
  • 50 years tax holiday.
 
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Mainland Company Setup

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Complete exemption from corporate tax
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
The UAE Companies law does not prescribed any minimum share capital but the entity should have adequete capital to achieve the incorporation purpose. Normally accepted minimum share capital for an LLC registered in Dubai was AED 100,000.

Presently, there is no requirements to deposite the share capital in UAE local bank.

Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space