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.
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.
EXPRESS YOUR INTEREST IN COMPANY INCORPORATION
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 | 1 Year 100% payment | 2 Years | 3 Years |
|---|---|---|---|
Company Registration | AED 43,780 |
|
|
Articles of Association | |||
Commercial License | |||
Establishment Card | |||
Standard flexi desk | |||
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.
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.
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.
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.
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.
For the DMCC Gold Trading License, there are some set procedures the investor has to follow.
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.
To register your company and secure the Gold Trading license, the following documents are to be submitted to the DMCC Free Zone.
Post the review of documents and obtained required approval, the license fee has to be paid for acquiring the Gold Trading License from 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.
Our Specialized PRO Services for companies registered in DMCC include the following:
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.
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.
To know more about DMCC Company Setup or avail our exclusive PRO Services Package, give us a call right away!
We, at ‘ACE Tax Consultants’, are engaged in rendering efficient Business setup and Consultancy Services viz. Company formation, Financial and Accounting Services, Management Consulting, VAT Advisory, Outsourcing Services, Project Financing, Payroll Process Outsourcing and taxation to our esteemed clients.
Copyright ©️ 2024 ACE TAX CONSULTANTS L.L.C | All Rights Reserved – Designed by SocialCTR
