Benefits of DMCC Company Setup
DMCC (Dubai Multi Commodities Center)is one of the most reputed and a well-known Free Zone in the UAE. It is the world’s most extensive Free Zone, awarded six times with the Global Free Zone of the Year by the Financial Times fDi magazine. The DMCC is in a class by itself, with its Free Zone status, state-of-the-art commercial and residential property, and top tier commodities and financial services. Furthermore, ongoing investment in the most integrated, creative infrastructure and leading business services makes trading from here easy.
The DMCC is the best option if you want to start a free zone business with 100 percent ownership and need a good spot. The DMCC permits a wide variety of operations in addition to trading. It also permits certain practices that are not permitted in other free zones, such as gold and precious metals trading, diamonds, and colored stones trading.
DMCC Company Setup is the best way to register the business in the Emirate of Dubai. It holds more than 16,000 companies. DMCC is home to several large multinational corporations. Here in the heart of Dubai, in the Jumeirah Lakes Towers neighborhood, it is home to a thriving city, cutting-edge technology, world-class utilities, and a breathtaking array of real estate options, all within minutes of excellent air, sea, and road connections to the rest of the world.
Top Advantages of DMCC
- Complete foreign ownership of companies
- No restriction on capital repatriation
- No duty levied for import or export
- Located in Dubai with two Metro stations
- Fastest growing Free Zone in the UAE
- Organized online system for using government services
- Recognized as the top free zone by the global fDi Magazine
- Several trading platforms, including the Dubai Gold and Commodities Exchange, Dubai Diamond Exchange, DMCC Tea Center, DMCC Pearl Exchange, and DMCC Trade Flow
Types of DMCC License
General Trading: A general trading license is required for companies wishing to import, sell, or export goods and items such as food, furniture, electronics, or clothing. Businesses can now trade not only within the UAE, but also with markets all over the world. Furthermore, a general trading license allows businesses to trade in a variety of products. In practice, this means that a company may import, export, and trade a variety of goods under the same license, such as cosmetics, construction materials, and toys. The best part is that obtaining a general trading license in Dubai and the UAE is straightforward.
Commercial/Trading License: A commercial trade license is granted to a business that engages in some form of commercial operation. In Dubai and across the UAE, both general and specialist traders may obtain a commercial license. A commercial trade license may be issued to a business that engages in the sale of products, commodities, or services.
Service: It allows to carry out service or consultancy activities that can be specified in the license.
We at STA Law Firm specialize in providing excellent legal services for Company Formation in DMCC. To understand the entire process and cost related to company formation in DMCC free zone, simply get in touch with us. For further details pertaining to company formation in DMCC free zone, feel free to contact us. Drop an inquiry or contact our professional experts in Dubai or any of our offices throughout the UAE. Give us a call and get an estimate today.