It is regarded as the top free zone in the world to start DMCC company in Dubai Free Zone. Located in the center of Dubai, the free zone is teeming with business and retail opportunities. Additionally, the Financial Times FDI Magazine has named DMCC the Global Free Zone of the Year for four consecutive years. More than 21,000 businesses call the free zone home, and nearly 200 more join each month. Therefore, it is a great choice for businesspeople seeking a place to foster growth. In this blog, we are going to discuss everything that takes to establish DMCC company. 

What is DMCC Free Zone?

DMCC, Dubai Multi-Commodities Center is one of the most prestigious places in Dubai located in the heart of JLT., Additionally, Sheikh Zayed Road and the Expo 2020 site are easily accessible from the free zone. This makes it one of the best places to launch your company and see it quickly grow to its full potential. Since its founding in 2002, DMCC has evolved into a hub for businesses involved in numerous product trades. Also, DMCC has documented 11,000 firms and reached the maximum number of company registrations in less time. The free zones of DMCC have immensely aided in the growth of trade and business in Dubai. Now, let us go through some benefits of forming a DMCC company in Dubai free zone.

Proffered Amenities in the DMCC 

If you wish to start your own company in Dubai without any stress & trouble. In that case, Quick Venture can assist you with easily accessible assistance, and expert solutions in streamlining the documentation process, and effective government services. 

DMCC Free Zone offers a simplified procedure. You need to pick out from a vast range of reasonably priced houses, like

• Towers for businesses and residences – You can also look for your ideal residence or workplace with our sleek, contemporary apartments and business spaces.
• Office solutions for all your needs – You can move into fully-furnished units and use scrap to create the workspace of your dreams.
• Virtual working desks – You can choose your working station wherever it sits you.
• Multi-story offices – You can explore top-notch amenities.
• Shops – You can create your brand in a busy setting. 

Pros of Company Formation in DMCC Free Zone 

Initiating a company in DMCC free zone Dubai will enable your firm to grow, foster, and succeed. Entrepreneurs can take advantage of a variety of opportunities with the formation of the company in the Dubai Multi Commodities Centre such as the following: 

• Tax-friendly environment 
• Full-fledged foreign ownership 
• Strategic zone with innumerable opportunities
• Convenient method of obtaining approvals, licenses, registration
• Capability to acquire dual license
• Easy & prompt process of setup 
• Complete repatriation of capital and earnings
• Opportunities for international community and partnership

The Procedure of Documenting DMCC Free Zone Company 

Let us turn your DMCC company vision be a reality. Quick Venture simplifies it for you as per DMCC free zone rules and regulations.

Step 1: Prepare the agenda and approach of your business with the assistance of Quick Venture. 

You need to determine the right type of license to obtain as per your business activity. In this step, you need to understand the documentation process and related costs. Quick Venture can help you with this step and provide a customized direction. 

Step 2: Registering Company 

You need to fill out the online form and pay the fee. Quick Venture will take care of the name registration and further clearances. 

Step 3: Obtaining a Business License 

At this step, pay for registration as well as license. You have to sign documents and get an approval & bank letter. The approval will be provisional.  Congratulations on establishing your company in DMCC free zone Dubai.   

Step 4: Locate Office Space 

This stage involves finding and setting up the best office space for you with our professional direction. 

Step 5: Commencing Operations 

You will get an authorized E-Licence to operate your free zone company in Dubai. The moderate and nominal company setup up takes to 10 business days with quick services offered by Quick Venture. 

Needed Documentation 

We have listed the mandatory documents to register your company as per DMCC free zone rules and regulations.

• Filled application form
• Documents of your parent company 
• Copies of passport 
• Dubai’s Residence Visa or Emirates ID
• 3rd party approval for permitting business activity
• Address proof of your native country like an electricity bill 
• Setting up an office once registered 

The Requirement of License

You need a license to operate your business in UAE which is obviously permitted by DMCC free zone authorities. You will obtain it easily if you follow DMCC free zone rules and regulations. With one license, one can operate almost 5 businesses from the same category. The licenses offered by DMCC authorities as per the nature of your business are as follows:

• Commercialized License 
• Industrial Permit 
• Trading Approval
• Service based license

This license has to be renewed after its validity for which there is a certain process. It is not a costly but persuasive and straightforward method that can be done with the help of an agent without your prior physical presence. Your audit reports will have to be submitted annually. The entrepreneur has to sign the lease contract for your establishment, pay the resurgence fee, and submit the signed docs together. 

Dubai Free Zone Company setup cost

We have already talked much about the process of establishing a company in DMCC free zone Dubai but also its cost needs to be discussed for your pre-preparation. Dubai Free Zone company setup cost must be somewhere around AED 50,000 which majorly relies on the nature and activity of your business, license, and other factors. 

If the entrepreneur wishes to liquidate the company from DMCC free zone Dubai, then that also includes a process that will take almost a month duration. Your physical presence again will not be required similar to other documentation processes. The fee is to be paid to the UAE’s government for canceling all the operations and other documents.  You would require:

• Bank account closure
• Visa cancellation application
• Cancelling Lease contract 

Read more: 2024’s Illustrated Guide to Lay the Foundation of LLC Company in Dubai

Quick Venture – Pioneer of the Industry  

Please connect with Quick Venture for personalized solutions and assistance related to business establishment in DMCC Free Zone Dubai. We assist in the whole procedure of initiating a company from registration to operation and document verification and other services. We are the pioneer of the industry with affordable cost. Book your first free discussion and advice with Quick Venture and connect at +971-526724420 Or email us at info@quickventure.net You can visit our website Quick Venture

Let us turn your vision of launching your own company at DMCC free zone in the UAE!