{"id":33212,"date":"2022-11-28T05:13:01","date_gmt":"2022-11-28T05:13:01","guid":{"rendered":"https:\/\/www.aaconsultancy.ae\/dubai\/?p=33212"},"modified":"2025-01-22T08:14:06","modified_gmt":"2025-01-22T08:14:06","slug":"5-things-to-consider-before-setting-up-a-business-in-dmcc","status":"publish","type":"post","link":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/5-things-to-consider-before-setting-up-a-business-in-dmcc\/","title":{"rendered":"5 Things to Consider Before Setting Up a Business in DMCC"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"33212\" class=\"elementor elementor-33212\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-202f16d7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"202f16d7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7d282af9\" data-id=\"7d282af9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5f6eb479 elementor-widget elementor-widget-text-editor\" data-id=\"5f6eb479\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Dubai Multi Commodities Center (DMCC) established in 2002 is situated in the central location of Dubai, Jumeirah Lakes Tower. This free zone has been acknowledged as the number one free zone in Dubai, UAE for several years.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">DMCC or Dubai Multi Commodities Center is a perfect choice for those looking to enter the business market and caters to solopreneurs, small and medium-sized businesses to the big playing multinational companies. Read this article on the <strong>Five<\/strong><\/span><span style=\"font-weight: 400;\"><strong> Things You Should Consider Before Setting Up a Business in DMMC<\/strong>.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Dubai, due to its progressive business location backed by government policies and initiatives in the upbringing of different business ideas, has become a favorable option for entrepreneurs. The availability of different free zones like Dubai Airport Free Zone, JAFZA, DMCC, etc makes it easier for establishments. Entrepreneurs and investors are interested in these free zones due to the significant benefits provided by them. There are more than 30 free zones in the UAE, which provide a quick and easy establishment policy.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9471124 elementor-widget elementor-widget-text-editor\" data-id=\"9471124\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Also read <\/span><strong><a href=\"https:\/\/www.aaconsultancy.ae\/dubai\/difference-between-mainland-freezone-company-uae\/\">Difference Between Free Zone and Mainland Company Setup<\/a>.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0bc3579 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0bc3579\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-adb4eb4\" data-id=\"adb4eb4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2f7f1b5 elementor-widget elementor-widget-heading\" data-id=\"2f7f1b5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">DMCC or Dubai Multi Commodities Center\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e1c9c25 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e1c9c25\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e443519\" data-id=\"e443519\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d922e49 elementor-widget elementor-widget-text-editor\" data-id=\"d922e49\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">DMCC is the fastest-growing and one of the largest economic free zones in Dubai, UAE. Every month, DMCC registers approximately 170 companies. Some of the leading industries accommodated by DMCC include energy-related sectors, gold, diamonds, steel and base metals, colored stones and pearls, soft agricultural commodities (cotton, tea, and others), etc. Trading and establishment are quite simple in DMCC, with the increase in government initiatives, company formation in DMCC have become very profitable.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">DMCC recently launched Middle East\u2019s first and foremost Google for Entrepreneurs Global Tech Hub in collaboration with AstroLabs Dubai. The Dubai Expo of 2020 was a global platform to exhibit innovation, new ideas and collaboration has grabbed more attention towards Dubai Free Zone.\u00a0<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Before we dive in to set up a business in DMCC, here are the things to consider before setting up a business in DMCC:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0bd4bf6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0bd4bf6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7cad974\" data-id=\"7cad974\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-675642c elementor-widget elementor-widget-heading\" data-id=\"675642c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Five Things to Consider Before Setting Up a Business in DMCC<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5652a65 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5652a65\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e19c173\" data-id=\"e19c173\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a98f53 elementor-widget elementor-widget-text-editor\" data-id=\"4a98f53\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><h4><b>DMCC Digital Signatures<\/b><\/h4><\/li><\/ul><p><span style=\"font-weight: 400;\">During the COVID-19 outbreak, DMCC took necessary actions to ensure business continuity by integrating digital signatures as part of their process for all new company formation setups. The digital signature process has greatly increased the speed of signing documentation that is required from the client, authorized signatories, and shareholders. As a result, the company formation setup has increased by 50% and the company trade license is issued much more quickly.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Apart from the increased speed of signing documentation and video conferencing for identity and document verification, simplifying document requirements has been convenient and helped those affected by travel restrictions internationally and to the UAE.\u00a0<\/span><\/p><p>\u00a0<\/p><ul><li aria-level=\"1\"><h4><b>Reduced Office Costs<\/b><\/h4><\/li><\/ul><p><span style=\"font-weight: 400;\">When setting up a company in the UAE, whether it be in the mainland or free zone, the company must have a registered office lease and a business premise. Free Zones in Dubai offer a minimum office facility rental option also known as a smart desk or Flexi desk. The reduced Flexi desk is a major pull factor for the DMCC business setup. DMCC Flexi desk allows 5 hours of usage per month and up to 1 UAE residency visa eligibility. During the months of June and July, DMMC has a Flexi desk promotion. The normal cost for a Flexi desk is around AED 17,456.\u00a0<\/span><br \/><b><\/b><\/p><p>\u00a0<\/p><ul><li aria-level=\"1\"><h4><b>Employer Protection Insurance Programme<\/b><\/h4><\/li><\/ul><p><span style=\"font-weight: 400;\">The Dubai Multi Commodities Center or DMCC introduced a new employee protection insurance program in association with Dubai Insurance. The main purpose of this program is to provide cost savings for member companies and to give greater protection to employees if their employers default on their salaries, repatriation costs, or end-of-service benefits. This program is mandatory and has replaced the former bank guarantee security deposit of AED 3,000 per employee. This scheme has helped with the ease of doing business in the United Arab Emirates and has also greatly reduced the costs of employing a new employee.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><b><\/b><\/p><ul><li aria-level=\"1\"><h4><b>Member and Company Benefits\u00a0<\/b><\/h4><\/li><\/ul><p><span style=\"font-weight: 400;\">One of the greatest benefits of having a DMCC company is the continuous support it gives to businesses. From knowledge series workshops, webinars, networking events, and special interest clubs to exhibitions, DMCC continuously strives towards helping and developing companies and entrepreneurs within its business community.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Also read about the <\/span><strong><a href=\"https:\/\/www.aaconsultancy.ae\/dubai\/benefits-of-uae-free-zone-company\/\">Benefits of setting up a company in the UAE Free Zone\u00a0<\/a><\/strong><\/p><p>\u00a0<\/p><ul><li aria-level=\"1\"><h4><b>Banking<\/b><\/h4><\/li><\/ul><p><span style=\"font-weight: 400;\">The most common question asked by new market entrants is if they can get a corporate bank account for their business with the help of a DMCC license. The United Arab Emirates was removed from the European Union 2019 blacklist and as a result banking procedures, policies and Central Banking regulations have been updated to ensure greater Anti-Money Laundering and Know Your Client processes.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4283a57 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4283a57\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aa98f75\" data-id=\"aa98f75\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fc77312 elementor-widget elementor-widget-text-editor\" data-id=\"fc77312\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">DMCC or Dubai Multi Commodities Center is a well-known and reputable free zone regulated authority widely recognized by the local and offshore banks. DMCC has great credibility with the banks. Furthermore, the banks welcome and want on-board corporate bank accounts for all licensed companies.\u00a0<\/span><\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fb3adfa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fb3adfa\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d7e815a\" data-id=\"d7e815a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-767fae9 elementor-widget elementor-widget-text-editor\" data-id=\"767fae9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Once your DMCC company setup in Dubai is completed, an amount of AED 50,000 must be deposited into a local UAE bank. Following that, your chosen local UAE bank will issue a letter to confirm the paid-up capital amount of AED 50,000 was deposited into the bank account. It is a mandatory requirement to complete the post-company setup process of banking under DMCC. In addition to that, the deposited amount of AED 50,000 can be withdrawn straight away and does not need to remain in your company bank account. However, it is recommended to maintain at least a minimum balance amount in your bank account to ensure it remains open.\u00a0 Hope you understood <strong>things to Consider Before Setting Up a Business in DMCC<\/strong><\/span><\/p><p><span style=\"font-weight: 400;\">Also read <\/span><a href=\"https:\/\/www.aaconsultancy.ae\/dubai\/how-can-business-consultants-help\/\"><span style=\"font-weight: 400;\">How Business Setup Consultants in Dubai, UAE can help you in company formation.\u00a0<\/span><\/a><\/p><p><span style=\"font-weight: 400;\">If you are planning to start a business or expand your business in Dubai, UAE, or if you wish to know more about DMCC free zone or other <a href=\"https:\/\/www.aaconsultancy.ae\/dubai\/business-setup-dubai\/\">company formation<\/a> details, <\/span><span style=\"font-weight: 400;\">contact<\/span> <span style=\"font-weight: 400;\">A&amp;A Associate<\/span><span style=\"font-weight: 400;\">, one of the top <a href=\"https:\/\/www.aaconsultancy.ae\/dubai\/business-setup-dubai\/\">business setup consultants in Dubai<\/a>, UAE to get the advantage of our consultations.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Dubai Multi Commodities Center (DMCC) established in 2002 is situated in the central location of Dubai, Jumeirah Lakes Tower. This free zone has been acknowledged as the number one free zone in Dubai, UAE for several years. DMCC or Dubai Multi Commodities Center is a perfect choice for those looking to enter the business market [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":54746,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[27],"tags":[58,160,120,161,63],"class_list":["post-33212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-company-formation-dubai","tag-dmcc","tag-dubai","tag-setting-up-a-business-in-dmcc","tag-uae"],"_links":{"self":[{"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/posts\/33212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/comments?post=33212"}],"version-history":[{"count":5,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/posts\/33212\/revisions"}],"predecessor-version":[{"id":54747,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/posts\/33212\/revisions\/54747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/media\/54746"}],"wp:attachment":[{"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/media?parent=33212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/categories?post=33212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/tags?post=33212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}