DMCC FreeZone - ACE Tax Consultant

Dubai Creative Clusters Authority (Dubai Technology and Media Free Zone Authority)

The platforms you need to expand your business in Dubai and beyond are provided by DMCC. One of the largest and most rapidly expanding freezones in the Middle East is DMCC. With over 13,000 businesses, 66 towers, and a community of more than 87,000 people, DMCC is the ideal growth partner because the Government of Dubai Authority is committed to making Dubai a global trade gateway.

If the FLEXI Desk facility is utilized, SIRA approval is not required. Within one month of the license’s issuance, the company must deposit 50,000 AED in bank funds, and a capital letter must be submitted to the Freezone. The base Offer holding of AED 10,000 is expected to have an accomplice visa. Either the shareholder or an employee must have previous experience trading gold in order to obtain a license for gold trading (non-manufactured precious metal trading).

The DMCC provides freehold property options, a 50-year tax break, and 100% business ownership. The Gold & Precious Metals, Diamonds & Colored Stones, Energy, and Other Commodities industries were the primary focus of DMCC’s establishment. All DMCC application procedures can be completed from AceTax’s office thanks to its Partner Portal.

BENEFITS OF DMCC FREE ZONE

One of the UAE’s largest and most rapidly expanding free zones is DMCC. It provides an exceptional business infrastructure for all of its investors to help the company expand globally and in Dubai.

  • 0% Corporate or Personal Tax
  • 100% Profit Repatriation and No Currency Restrictions
  • 100% Foreign Business Ownership
  • World-class Business Infrastructure
  • Wide range of Business Network, Growing Infrastructure, and Strategic Location
  • All in One Solution for Business Setup, Visa Processing, License Renewal, etc., through DMCC Portal
  • Secure and regulated Business environment
  • Perfect location to Work, Live and Recreate
DMCC COMPANY SET UP REQUIREMENTS SNAPSHOT
  • Online pre-approval application form
  • Passport copy (along with UAE Residence visa & Emirates ID copy if applicable)
  • Proof of residential address in country of residence(Copy of Utility Bill)
  • No Objection Certificate from sponsor, if holding a valid UAE residence visa
  • Summary of business plan for certain activities
  • Copies of the parent company documents if setting up a branch or a subsidiary
  • Third party approvals for certain regulated business activities
  • After the company registration details of an office address in DMCC Free Zone(JLT) will be required
DMCC COMPANY REGISTRATION PROCESS

EXPRESS YOUR INTEREST IN COMPANY INCORPORATION

  • PRE APPROVAL
  • COMPANY REGISTRATION
  • COMPANY LICENSING
DMCC LATEST PACKAGES & COST

AceTax has established numerous businesses in the IT service and commodity trading sectors, as well as those that deal with iron ore, minerals and metals, diamonds, gold trading license, precious stones, and other commodities in DMCC. To acquire a Trade License, the entire procedure will take between 15 and 20 days. To obtain a trade license, the new company must rent or purchase an office in the JLT Zone. In the JLT Zone, investors can acquire offices at very economical rates.

JUMPSTART OFFER
(Individual only)

1 Year 100% payment

2 Years

3 Years

Company Registration

AED 43,780

  • AED 81,881 if 100% payment

 

  • AED 88,918 if 2 installments
  • AED 119,980 if 100% payment
  • AED 123,554 if 2 installments

Articles of Association

Commercial License

Establishment Card

Standard flexi desk
(eligible for 3 visa quota)

Company stamp

Commemorative certificate

One, 3-year UAE residency visa

One of Dubai’s most popular and active free zones is DMCC. Businesses from a variety of industry sectors, such as Gold Trading, Information Technology Services, Business Consultants, and Marketing Agencies, are DMCC-registered.

There are various licensing types and a wide range of business activities to choose from. Based on the office types in DMCC, the visa quota varies.

  • Flexi Desk – Up to 3 visas
  • Services Office – 4-5 visas depending on the size of the office
  • Physical Areas – 1 visa for every 9 sq. m

Additional visas can be added to the company upon requesting and paying the required fees to DMCC.

Every investor who registers a business in the DMCC is eligible to apply for a residence visa. Based on their allotted quota, investors can apply for employee visas and sponsor their dependents.

AceTax provides you with a dedicated PRO Agent to handle all of your business support needs, such as applying for a business license, trademark registration, visa processing, passport clearance, and immigration.

DOCUMENTS REQUIRED FOR RESIDENCE VISA APPLICATION IN DMCC
  • Copy of Business license & Establishment card
  • Investor’s Passport copy
  • Passport size photo with white background (less than 3 months old)
  • Any supporting documents for the company upon request (Shareholder Certificate, Memorandum of Association, Power of Attorney)
  • Once the visa is processed, you can apply for the medical examination for the processing of Emirates ID.
  • The last process is stamping of the visa in passport and obtaining your Emirates ID Card.

An online portal was used to submit and manage the company registration application, residence visa application, and other DMCC clearances. The investor will be notified that the DMCC has approved the documents and can move on to the next steps once they have been uploaded to the portal. The investor will have access to the portal and be able to check visa status, license renewal status, and other clearances, among other things, once the company registration is successful.

In DMCC, the process of setting up a business through processing and other business support services is a little bit complicated and should be done by a business consultant.

 

DUBAI MULTI COMMODITY CENTER – GOLD TRADING LICENSE

The Dubai Multi Commodity Center, or DMCC, is the ideal location for starting a trading business, particularly in gold, diamonds, and other goods (Trading listed products like grains, cooking oil, oil products, colored metals, industrial raw materials, and so on).

The procedure for starting a Gold Trading company is the same as for starting any other business. The DMCC Free Zone is the best option for investors who intend to export and import gold and precious metals rather than sell gold in person in the UAE. To lessen the risks associated with trading the precious metal, DMCC provides a number of additional advantages for businesses.

The Dubai Good Delivery Standard (International Standard for Testing Purity of 1 Kg Gold Bars) and the Dubai Gold and Commodities Exchange comprise the DMCC’s robust ecosystem for Gold Trading.

The DMCC’s gold trading license package costs approximately AED 34,140 (for the License and Registration Fee), and the investor can rent the office in accordance with their budget and facility requirements.

 

SIRA APPROVAL FOR DMCC GOLD TRADING LICENSE

The Securities Industry Regulatory Authority (SIRA) must be preapproved before DMCC can issue a Gold Trading License.

In the United Arab Emirates, the Security Industry is governed by the SIRA. Its purpose is to maintain Dubai’s safety. Gold is a precious metal, so it needs to be protected, as well as your company.

 

DMCC GOLD TRADING LICENSE – PROCEDURES

For the DMCC Gold Trading License, there are some set procedures the investor has to follow.

  • PRE-APPROVALS

    The investor must obtain specific authorizations from the authorities before trading in precious metals, diamonds, and gold from the DMCC Free Zone. Trade name reservations, shareholder agreements, memoranda of association, SIRA approvals, and other requirements are also necessary.

  • COMPANY REGISTRATION IN DMCC

    To register your company and secure the Gold Trading license, the following documents are to be submitted to the DMCC Free Zone.

  • DOCUMENTS REQUIRED FOR GOLD TRADING LICENSE
    • Shareholder Passport Copies
    • Trade Name Proof of Approval
    • Manager’s Profile
    • Comprehensive Business Plan
    • Notarized & Duly Attested Memorandum of Association
    • Lease Agreement
    • Power of Attorney duly attested & notarized (if any)
  • ISSUING THE GOLD TRADING LICENSE FROM DMCC

    Post the review of documents and obtained required approval, the license fee has to be paid for acquiring the Gold Trading License from DMCC.

PRO SERVICES IN DMCC

The processing of employee visas, immigration, and document clearances are just a few of the administrative tasks included in our PRO Services Package for DMCC. From coordinating with DMCC authorities to document clearance and delivery to the client’s doorstep, our dedicated PRO agent will guide you through each step.

 

PRO SERVICES PACKAGE IN DMCC

Our Specialized PRO Services for companies registered in DMCC include the following:

  • Swift Document Clearance
  • Company Establishment Card Approvals
  • Investor & Employee residence Visa Processing
  • Emirates ID Application Processing
  • Additional Approvals from Government Authorities
  • Immigration approvals from Dubai Immigration & Naturalization Department
  • Ministry of Labour Approvals
  • Trade license renewals
  • Passport & Visa Renewals
  • Legal Documentation and Translation
  • Dubai Chamber Registration
  • Customs Registration
  • Any Addition Approvals or Clearance from Dubai Government Authorities – RTA, Dubai Municipality, etc, (if any).

 

DMCC LICENSE RENEWAL

We are also experts in renewal of DMCC License after complying with all required documentation. We arrange accounting and auditing of DMCC Companies through approved auditors at a very cost effective fees.

 

DMCC COMPANY LIQUIDATION

After submitting all required documentation, including the approved auditor’s liquidation report, our professional experts assist in the de-registration of DMCC businesses. After visas are revoked, AceTax will manage the entire process of the DMCC company’s closure without causing owners of the company any problems.

 

DMCC DE-REGISTRATION REQUIREMENTS AND FEES
  • Online application for License Termination
  • Shareholder’s Resolution
  • Official Letter Request – Justification for de-registration printed on company letterhead, signed and stamped by Authorized Signatory.
  • Confirmation of Appointment of Liquidator
  • Original company documents to be returned to DMCC such as MOA, Certificate of Registration, Establishment card, Personnel Secondment Agreement, Original License, Share Certificate
  • Clearance letters from:
    • Landlord
    • Etisalat
    • DEWA
    • Bank
    • Ports & Customs
  • Closing Audited Balance Sheet
  • Liquidator’s Report– In order for Auditor to prepare this, they will also require a closure letter from your Bank
  • Authorization letter for AceTax to process liquidation and collect liquidation certificate.
  • Visa Cancellation – If there are any visas under the company, it has to be cancelled as well in order for company to be de-registered. Visa cancellation can be done prior to de-registration.
  • DMCC De-registration fee: AED 8,270

 

To know more about DMCC Company Setup or avail our exclusive PRO Services Package, give us a call right away!