{"id":26283,"date":"2022-12-12T22:19:08","date_gmt":"2022-12-12T22:19:08","guid":{"rendered":"https:\/\/itqans.net\/steps-to-establish-a-company-in-dubai-dubai-multi-commodities-center\/"},"modified":"2022-12-18T11:14:37","modified_gmt":"2022-12-18T11:14:37","slug":"steps-to-establish-a-company-in-dubai-dubai-multi-commodities-center","status":"publish","type":"post","link":"https:\/\/itqans.net\/en\/steps-to-establish-a-company-in-dubai-dubai-multi-commodities-center\/","title":{"rendered":"Steps to establish a company in Dubai Dubai Multi Commodities Center"},"content":{"rendered":"<p><b>Steps to establish a company in Dubai Dubai Multi Commodities Center<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Steps to establish a company in Dubai in the Dubai Multi Commodities Center free zone that investors and businessmen are looking for, Therefore, if you are someone who wants to establish a company in the Dubai Multi Commodities Center, it is one of the most important free zones in Dubai for establishing projects. The region has many advantages that make it the perfect choice. In this article, we discuss the steps to establish a company in Dubai (Dubai Multi Commodities Centre).<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>Steps to establish a company in Dubai<\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">DMCC, one of the most important free zones in Dubai, is located in the heart of Dubai, specifically in the Jumeirah Lakes Towers area. Dubai Multi Commodities Center is an ideal work environment for businesses with advanced infrastructure.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">The Dubai Commodities Center Free Zone is characterized by being connected to a modern transportation network, which helps in ease of movement for employees and workers. The government also provides facilities in the ways of establishing businesses, provides tax and customs exemptions, and full foreign ownership, which makes the region suitable for investors.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">In the following points, we discuss the steps to establish a company in Dubai in the free zone (Dubai Multi Commodities Center)<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">nature of economic activity<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">The first step in establishing a company in Dubai at the Dubai Multi Commodities Center is to determine the nature of the economic activity in which the company will operate in the Dubai Commodities Center. Based on the nature of the economic activity, the legal form of the company and the trade license are determined on the basis of it.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Here are the types of economic activities in Dubai: (commercial, industrial, service, tourism, agricultural, literal).<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Legal form<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">To establish a company in the Dubai Commodities Center, the legal form of the company must be determined, which is one of the most important steps in the steps of establishing a company in Dubai, and its importance is due to the fact that it determines the laws that will govern the company later. The legal forms of companies vary as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Solidarity Company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Simple Recommendation Company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A limited liability company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Public contribution.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">private contribution.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commercial representative office.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Civil works company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A branch of a local company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A branch of a Gulf company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A branch of a foreign company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Free Zone Company Branch.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Individual Foundation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">holding company.<\/span><\/li>\n<\/ul>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Trade Name <\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">According to the regulations of the Department of Economic Development, a trade name must be chosen that is suitable for the nature of the company\u2019s activity and expresses it. This trade name will distinguish the trade license that the company will obtain. Therefore, it is an important procedure in the steps of establishing a company in Dubai, and it is carried out according to several conditions as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The company&#8217;s trade name must express the nature of the company&#8217;s activity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The trade name should not include inappropriate phrases and not violate public taste.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The trade name must not be previously registered or similar to another company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The company&#8217;s trade name must abbreviate the legal form of the company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It does not contain the word majesty or the beautiful names of God.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It does not include the name of a government agency or political slogan.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After selecting a suitable trade name, it must be registered with the competent authority &#8220;Department of Economic Development in Dubai&#8221; in order for the owner of the company to receive the payment authorization and the transaction number, as a document to be used as a reference when paying.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Initial approval<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">All the previous three steps require initial approval from the concerned authorities, and upon approval, the steps to establish a company in Dubai at the Dubai Multi Commodities Center will be completed.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Memorandum of Association and local service agent agreement<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">According to the legal form of the company, the Memorandum of Association is signed and a local service agent agreement is concluded, which is a necessary step in the steps of establishing a company in Dubai. This is for all company owners of non-UAE or GCC nationalities <\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">work location<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">One of the most important steps for establishing a company in Dubai is the work location whose address will be registered in the company\u2019s documents. The location must be actual and exist on the ground, and a lease contract for the company\u2019s headquarters certified by the relevant authorities must be available.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">additional approvals<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Some economic activities require obtaining additional approvals from the authorities regulating them. Examples of authorities concerned with additional approvals in Dubai:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ministry of Interior Affairs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ministry of Justice.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Municipality Department in Dubai.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Telecommunications Regulatory Authority.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">executive board.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Ministry of Economy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dubai Health Authority.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supreme Petroleum Council.<\/span><\/li>\n<\/ul>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commercial license<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">After completing all the previous steps of establishing a company in Dubai, the step of obtaining a trade license comes according to the nature of the company\u2019s activity, after paying the license fees, then registering with the UAE Chamber of Commerce as a member thereof.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Requirements for establishing a company in the Dubai Multi Commodities Center<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Electronic form for requesting initial approval.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A copy of the passport, residence visa, and a copy of the identity card.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Residence address in Dubai and an electricity or water utility bill.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Submit a certificate of objection from the sponsor in case of holding a valid residence visa.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Submission of the business plan for establishing a company in Dubai.<\/span><\/li>\n<\/ul>\n<p><b>The costs of establishing a company in the Dubai Multi Commodities Center<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">Here are the costs of establishing a company in the Dubai Commodities Center Free Zone, knowing that the following costs are not exact costs and vary according to several factors:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AED 1035, a one-time payment for the application fee.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">9020 AED, a one-time payment for registration fees.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AED 20,285 annual license fee, according to the nature of the economic activity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">1825 AED for the annual facility card fee.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2020 AED is a one-time fee for the Memorandum of Association.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">3335 UAE Dirhams residence visa fees paid every 3 years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AED 3,000 insurance fee, to be refunded again.<\/span><\/li>\n<\/ul>\n<p><b>Advantages of the free zone Dubai Multi Commodities Center<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">Many advantages are enjoyed by the owners of projects in the Dubai Multi Commodities Center Free Zone, and those advantages that the investor must view as they are in the case of the steps to establish a company in Dubai in order to know what is ahead of him in terms of advantages that benefit his project and the huge future profits.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The government does not impose corporate taxes in the DMCC Free Zone for a period of 50 years from the date of establishment of the company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Companies in the DMCC free zone enjoy full ownership of the company and its assets and the freedom to return the capital to the investor&#8217;s country.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Dubai Multi Commodities Center free zone includes thousands of successful companies of different nationalities and various economic activities, which greatly enhances the investment process.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Dubai Multi Commodities Center Free Zone is located in the heart of Dubai, which makes it an excellent strategic location for investors and the establishment of various businesses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In the Dubai Commodities Center free zone, there are housing units for employees, which helps in working and living in places close to each other.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The government provides integrated services and flexible solutions to investors to enhance the investment process.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Want to set up a company in Dubai Multi Commodities Center? We are here to help and provide everything you need, starting from the first steps of establishing a company in Dubai, ending with obtaining commercial licenses.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">We have a team of experts to guide you in completing all the steps of establishing a company in Dubai in the fastest time and at the lowest costs.<\/span><\/p>\n<p><b>Summary<\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">This article dealt with the steps of establishing a company in Dubai at the Dubai Multi Commodities Center. The steps included 8 necessary procedures for establishing a company or project. We also learned about the requirements for establishing a company in the Dubai Multi Commodities Center, in addition to the advantages of the Dubai Multi Commodities Center free zone.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steps to establish a company in Dubai Dubai Multi Commodities Center Steps to establish a company in Dubai in the Dubai Multi Commodities Center free zone that investors and businessmen are looking for, Therefore, if you are someone who wants to establish a company in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-26283","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Steps to establish a company in Dubai Dubai Multi Commodities Center - 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