office(at)dubai-lawyers.net

  • [En]
  • [Fr]
  • [Es]
  • [Ar]
  • [Cn]
  • [It]
  • [De]
  • [Ru]
  • [Tr]
  • [Pl]

Set up a Company in Dubai Multi Commodities Centre Free Zone

Set up a Company in Dubai Multi Commodities Centre Free Zone

Updated on Tuesday 19th April 2016

Rate this article

based on 1 reviews


Set-up-a-Company-in-Dubai-Multi-Commodities-Centre-Free-Zone.jpgUnited Arab Emirates represents one of the best places to invest into a business, as the legislation for foreign investors is very welcoming. One of the most attractive places to open a business in Dubai is Dubai Multi Commodities Center (DMCC) Free Zone, which offers great investments opportunities in terms of taxes and business environment
 

Dubai Multi Commodities Centre Free Zone

 
The DMCC Free Zone was established in 2002 as a center for supporting commodities market in Dubai. With an attractive legislation for foreign companies, DMCC has become the trading center for the following commodities: precious jewelry (diamonds, gold and pearls), energy, metals and agricultural products. 
 
Foreign investors interested in company registration in DMCC should know that the center offers a variety of logistics and finance services, necessary for most of the companies. Our lawyers in Dubai can provide you detailed information on the business market in DMCC
 
At the moment, there are more than 11,000 companies registered in DMCC Free Zone, with more than 85,000 persons working and living in this region. 
 

Corporate tax exemptions and incentives in DMCC

 
DMCC can be considered a tax haven, as the companies incorporated here benefit of various tax exemptions. DMCC has 0% corporate tax, allows 100% foreign ownership, does not apply an income tax and does not impose restrictions of capital repatriation.
 
The rules mentioned above are applicable for the first 50 years after the company’s incorporation in DMCC. In case your company has operations in the field of pharmaceutics, the DMCC legislation no longer allows a 100% foreign ownership; our Dubai lawyers can offer you more details on this procedure applied in this case. 
 
A company can receive a permit to function in DMCC in the case of the following incorporation types:
 
limited liability company (with one/multiple shareholders);
branch of a company;
 
If you need further information on the registration of a company in DMCC Free Zone, please contact our Dubai law firm for assistance. 
 

Comments

There are no comments

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.