The Dubai Multi Commodities Centre or DMCC is the Free Zone Authority for JLT (Jumeirah Lakes Towers), the fastest-growing Free Zone area in Dubai, UAE.
DMCC is quite popular with expat business owners because it offers 100% foreign business ownership as well as both leasehold and freehold options, meaning you can own business or property here without requiring a local partner.
If you are planning to set up your business in JLT, here are some important points to consider:
The DMCC Free Zone offers 100% capital repatriation, which means you can move your money freely around the world. The Jumeirah Lakes Towers area is also a thriving community of more than 85,000 people living and working in its 66 towers.
The JLT Free Zone, as it is commonly known, guarantees 0% personal and corporate tax rates for 50 years, which makes it a great proposition for new businesses looking to establish a presence in the region.
DMCC is the only international commodity centre in the region and offers purpose-build infrastructure for various types of commodity trading. In fact, it is not just commodity trading, you can also set up a services business and carry out industrial business activities with a DMCC licence.
The Jumeirah Lakes Towers Free Zone is conveniently located on Sheikh Zayed Road, close to other business hubs in Dubai like Downtown Dubai, Dubai Marina, Dubai Media City and Jebel Ali Free Zone. It is also just a 40-minute drive away from the two Dubai airports (Dubai International and Al Maktoum International).
Set up your business in 4 Simple Steps with Expo Consults
If you are interested in setting up a new business or opening a company branch in Jumeirah Lakes Towers (JLT), Expo Consults can help you with every step of the process to obtaining your DMCC trade licence.
Step 1: Decide the company type
Step 2: Create a business plan
Step 3: Finalise the company name
Step 4: Submit the application
Whether you want to establish a newly formed LLC or a wholly owned LLC or perhaps a Branch Office, all you need to do is select a business name, create a business plan and let us know. We can even help you with creating the business plan and assist in every way during the submission of the final application.
- Passport Copy (Visa page, if required)
- Proof of residential address (a utility bill would do)
- NOC from sponsor (if you’re holding a UAE visa)
- Bank share capital letter (if applicable)
- Certification of business registration (for existing businesses)
Expo Consults will take the hassle out of your new business setup and registration in the UAE. We also provide market introductions and supplier contacts, ensuring you have everything you need for your new business setup in Dubai, UAE.
Call us on +971 4 454 1387 or email firstname.lastname@example.org for more information.