DMCC Company Setup: The Complete Guide for 2024

<h2>About DMCC</h2><p>Dubai Multi Commodities Centre (DMCC) has been ranked the Global Free Zone of the Year by the Financial Times for over nine consecutive years. With 26,000+ member companies from 170+ countries, it is one of the most diverse and vibrant business communities in the world.</p><h2>DMCC License Types</h2><ul><li>Trading License — for companies buying and selling goods</li><li>Service License — for service-based businesses</li><li>Industrial License — for manufacturing and production</li><li>Holding License — for companies holding shares in other companies</li></ul><h2>DMCC Setup Process</h2><ol><li>Choose your business activities (from DMCC's approved list)</li><li>Select your company structure (FZ-LLC is most common)</li><li>Reserve your company name</li><li>Choose your office space (flexi, executive suite, or physical)</li><li>Submit application and documentation</li><li>Receive your trade license (typically 10 working days)</li><li>Open corporate bank account</li><li>Apply for visas</li></ol><h2>DMCC Costs (2024 Estimate)</h2><p>DMCC setup costs vary by activity, office type, and visa quota. As a guide:<br>- License: AED 10,000-15,000 per year<br>- Flexi desk: AED 7,500-15,000<br>- Visa fees: AED 3,000-5,000 per visa<br>Total first-year cost: AED 20,000-50,000+</p>