Setting up Business in DMCC Freezone

Unlocking Success: 7 Benefits of Setting up Business in DMCC Freezone

The Dubai Multi Commodities Centre (DMCC) Freezone is one of the fastest-growing business hubs in the UAE. It was established in 2002 to facilitate the trade of commodities such as gold, diamonds, and precious metals. Over the years, DMCC has grown to become a multi-sectoral free zone, attracting businesses from various industries. Setting up a business in DMCC has numerous benefits, some of which are outlined below.

Strategic location: DMCC is strategically located at the heart of Dubai, making it an ideal location for businesses that require easy access to global markets. Dubai's excellent infrastructure, including its ports, airports, and road network, makes it easy for businesses in DMCC to connect with their suppliers and customers worldwide.

Business-friendly environment: DMCC offers a business-friendly environment with a streamlined company setup process, low setup costs, and zero corporate tax for 50 years. This means that businesses in DMCC can enjoy a low cost of doing business, which translates to higher profits.

Wide range of business activities: DMCC offers a wide range of business activities, making it easy for businesses to find a suitable niche. Some of the activities available in DMCC include trading, manufacturing, logistics, and financial services.

Access to world-class infrastructure: DMCC has world-class infrastructure, including modern office spaces, warehousing facilities, and advanced IT and communication systems. This infrastructure provides businesses with a competitive edge, making it easy for them to operate efficiently and effectively.

Networking opportunities: DMCC hosts numerous events throughout the year, providing businesses with ample networking opportunities. These events bring together business leaders, entrepreneurs, and industry experts, creating a platform for businesses to collaborate, share ideas, and forge strategic partnerships.

Visa and residency options: DMCC offers flexible visa and residency options, making it easy for businesses to recruit and retain talent from around the world. Businesses in DMCC can sponsor visas for their employees, making it easy for them to attract top talent.

Easy access to financing: DMCC has a range of financing options available, including venture capital, private equity, and banking services. These options make it easy for businesses to access the capital they need to grow and expand.

To summarize, the establishment of a business at DMCC Freezone offers an abundance of advantages. Beyond its favorable geographical placement and conducive entrepreneurial ambiance, DMCC serves businesses with top-of-the-line infrastructure and ample networking prospects - equipping them with all the necessary tools to prosper. Moreover, including but not limited to their versatile visa and residency options coupled with hassle-free financial accessibilities, DMCC proves as a prime locale for entities seeking an initial regional foothold within UAE territory.

How MS can help you with seeking an initial regional foothold within the UAE territory

1. Help you in every way possible starting from pre-business setup services.

2. Help you design a unique plan and package.

3. Establish the best corporate structure

4. Establish and complete the registration process in dmcc portal

5. We tailor our solutions specifically to your needs.

6. Finalizing required documents from DMCC

7. Add new activities, partners, or shareholders for old licenses

8. Company Trade license / Amending / Renewal

9. Company’s Establishment Card

10. Personalized guidance for each client on UAE regulations

AFTER FORMATION SERVICES :

1. Assist in opening a bank account in UAE

2. Annual audit report

3. Accounting & Bookkeeping

4. DMCC Annual Accounts Filing

5. ESR Notification and Filing

6. License & Data Protection Renewal

7. Tax/ VAT services