Dubai Multi Commodities Centre (DMCC) is a free zone in Dubai, UAE, designed to facilitate international trade and commerce. The DMCC offers a range of license types and fees for businesses looking to establish a regional presence. This article will explore the different kinds of DMCC licenses, the associated costs, and the challenges companies may face when obtaining a DMCC license.
DMCC license types:
The DMCC offers several types of licenses to businesses, depending on the nature of their activities. These license types include:
• Trading license: A trading license is issued to businesses engaged in trading activities, including buying, selling, and storing commodities.
• Service license: A service license is issued to businesses engaged in service-based activities, such as consulting, marketing, or IT services.
• Industrial license: An industrial license is issued to businesses engaged in manufacturing or industrial activities.
• General trading license: A general trading license is issued to businesses engaged in various activities, including trading, import/export, and available commercial activities.
DMCC license fees:
The fees for DMCC licenses depend on the license type and the business size. The following are the general fees for DMCC licenses:
• Trading license: A trading license fee starts at AED 20,000 for a company with up to 5 shareholders and increases based on the number of shareholders.
• Service license: A service license fee starts at AED 15,000 for a company with up to 5 shareholders and increases based on the number of shareholders.
• Industrial license: An industrial license fee starts at AED 25,000 for a company with up to 5 shareholders and increases based on the number of shareholders.
• General trading license: A general trading license fee starts at AED 30,000 for a company with up to 5 shareholders and increases based on the number of shareholders.
Challenges:
Obtaining a DMCC license can be complex, and businesses may face several challenges. These challenges include:
• Compliance: Businesses must comply with local regulations and laws to obtain and maintain a DMCC license.
• Documentation: Businesses must submit several documents, such as a business plan, lease agreement, and financial statements, to obtain a DMCC license.
• Cost: The fees for DMCC licenses can be high, particularly for larger businesses.
• Competition: The DMCC is a popular location for businesses, and competition can be fierce, particularly in certain industries.
