Business setup in the UAE
When it comes to business setup in the UAE, entrepreneurs are met with a diverse range of options, each with its own unique advantages and costs. One such option that has gained significant popularity is setting up a company in the Dubai Multi Commodities Centre (DMCC) Free Zone. This strategic location offers exceptional opportunities for businesses to thrive in a dynamic environment. In this article, we’ll delve into the specifics of DMCC company setup cost and shed light on why this free zone is a prime choice for entrepreneurs aiming to establish their presence in the UAE.
DMCC Company Setup Cost Breakdown
It’s crucial to be well-informed about the associated costs when starting a DMCC company. Let’s break down the DMCC company setup costs into key components:
License Fees: DMCC offers a variety of licenses tailored to different business activities. The costs vary depending on the chosen license type, with trading, service, and industrial licenses being some of the options.
Office Space: The cost of office space can vary based on factors such as location, size, and facilities. However, DMCC provides flexible office solutions that cater to businesses of all sizes.
Registration and Incorporation: Registering your company and incorporating it within the DMCC Free Zone involves associated fees. These fees encompass the legal processes required to establish your business entity.
Visa Costs: Depending on the number of visas you require for your team, there are costs associated with visa applications, medical tests, and processing.
Now, let’s dive into the specifics of DMCC company setup cost:
Commercial Trading/Service License
| Fee Type | Cost (AED) |
|---|---|
| Initial Approval & Trade Name (one time) | 1,015 |
| License Fee (yearly) | 20,275 |
| Registration Fee (one time) | 9,020 |
| Memorandum of Association (one time) | 2,000 |
| Auditors Appointment Letter (one time) | 1,000 |
| Total | 33,310 |
General Trading License, Business Center License, or Hotel License Fees
| Fee Type | Cost (AED) |
|---|---|
| Initial Approval & Trade Name (one time) | 1,015 |
| License Fee (yearly) | 50,275 |
| Registration Fee (one time) | 29,020 |
| Memorandum of Association (one time) | 2,000 |
| Auditors Appointment Letter (one time) | 1,000 |
| Total | 83,310 |
Office Solutions for Your DMCC Venture
When setting up shop in DMCC, you have flexible office options tailored to your needs:
- Flexi Desk (up to 3 visas): AED 17,610/year
- Physical Office for Lease: Starting from AED 90+ per sq.ft/year
Embrace DMCC: Your Launchpad to UAE Business Excellence
Embracing a world of opportunities, the DMCC Free Zone beckons entrepreneurs to step into a thriving business ecosystem. Here, laurels and advantages await. With zero taxation and flexible office solutions, success becomes tangible. By mastering the nuances of DMCC company setup cost, you can meticulously plan your expedition into the heart of the UAE’s prosperous business landscape. Seize the prestige of DMCC’s global acclaim and pave a path to enduring accomplishments for your business.
