DMCC free zone company registration

DOING BUSINESS IN DMCC FREE ZONE IN 2020

pay fee by instalmentsbusiness setup without travel

Since 2003, Healy Consultants Group PLC has assisted our Clients with Dubai Multi Commodities Centre (DMCC) Free Zone business registration. Our project management services include i) company registration ii) obtaining operations licences iii) DMCC office rental solutions iv) corporate bank account opening v) employee recruitment vi) work and residency visa strategies.

Compare different DMCC FZ entitiesLLC / SubsidiaryBranch office
Best use of companyAll products and servicesAll products and services
How soon can you invoice Clients/sign sales contracts?7 to 8 weeks7 to 8 weeks
How soon can you hire staff?5 weeks6 weeks
How soon can you sign a lease agreement?3 weeks3 weeks
How long to supply corporate bank account numbers?5 weeks5 weeks
Corporate tax on annual net profits?0%0%
Limited liability entity?YesNo
Does our Client need to travel for company/branch setup?NoNo
Minimum directors required?11
Minimum shareholders required?1Parent company
Resident company secretary/manager required?NoYes
Sponsorship by a local citizen required?NoNo
Regulated by which government body?DMCC FZ AuthorityDMCC FZ Authority
Estimate cost for a Commercial or Service business licenceUS$5,500US$5,500
Government grants available?NoNo
Minimum paid up share capital?US$13,615None
Corporate bank account location?Emirates NBDEmirates Islamic Bank
Can secure trade finance?YesYes
VAT payable on sales to local customers?

5%5%
Average total engagement costs?US$25,731US$30,500
Average total engagement period?12 weeks12 weeks

DMCC Free Zone company registration summary

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages of DMCC Free Zone company registration

    business registration in DMCC Free Zone

    1. A DMCC Free Zone company pays zero income tax;
    2. There are no import or export duties within the Free Zone;
    3. It is easy to repatriate capital and profits abroad;
    4. 100% foreign ownership is allowed;
    5. DMCC Free Zone company registration requires just one shareholder and one director. Both can be the same individual;
    6. A qualifying DMCC company can operate ‘onshore’ in Dubai without needing to i) register a mainland entity or ii) appoint a mainland agent;
    7. DMCC Free Zone has fewer restrictions on staff recruitment and work visa applications than ‘onshore’ Dubai companies;
    8. DMCC’s location on the city’s Sheikh Zayed Road puts it within less than one hour’s drive to Abu Dhabi, and minutes from Jebel Ali Port and Maktoum International Airport;
    9. DMCC offers commercial and residential properties to buy, with a freehold option;
    10. In 2020, DMCC was awarded the Global Free Zone of the Year title from Financial Times’ fDi Magazine for a record sixth consecutive year.
  • Disadvantages of DMCC Free Zone company registration

    1. Establishing a DMCC Free Zone company can be expensive because:
      • The average annual DMCC licence is US$5,500 for a service or trading business, and US$13,615 for a general trading licence. The licence must be renewed annually;
      • Each DMCC company must inject a minimum paid up capital of US$13,615 (AED50,000) into the corporate bank account immediately after company incorporation;
      • Before company registration is complete, DMCC companies must lease office space within the Free Zone, with the cheapest annual flexi-desk rent an estimated US$6,000.
    2. Employee visa approvals for DMCC companies depend on factors including i) nature of the Client’s business and ii) office size. Consequently, multi-national Clients needing many UAE employees will have to rent a large, expensive unit.
    3. All companies registered in the UAE must i) create and maintain a register of their ultimate beneficial ownership (UBO) and ii) submit UBO data to the relevant registrar or licensing authority.

Contact us

For additional information on our company registration services in DMCC Free Zone, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi