Guide for Icelandic founders · around 9 to 10 hours with one stop from Reykjavík
Founders choose DMCC Free Zone when they want a credible UAE address, fast licensing and packages that scale from a solo flexi-desk to a multi-visa office. A DMCC Free Zone company can be owned entirely by foreign nationals, needs no local sponsor and can start trading internationally as soon as the licence is issued. Day to day, for Icelandic founders, the UAE is around 9 to 10 hours with one stop from Reykjavík, the UAE is 4 hours ahead of Iceland, and English is used for all UAE business. Icelandic seafood and clean-energy know-how reach the Gulf through Dubai, which gives Icelandic entrepreneurs a ready market and supply chain the moment their DMCC Free Zone licence is released.
DMCC (Dubai Multi Commodities Centre) is the world's most interconnected free zone and Dubai's leading hub for trade and commodities, headquartered in Almas Tower, Jumeirah Lakes Towers (JLT). Over 20,000 member companies work across 87 towers in a freehold community where offices can be rented or bought from private landlords. Company setup is 100% digital — pre-approval, registration and licensing are completed online in around 2–3 weeks without visiting Dubai. Facilities start with a flexi desk (up to 3 visas), serviced offices (4–5 visas) and physical offices (1 visa per 9 sqm). GoldenKey manages the whole DMCC process for you: application, name reservation, activities, e-signing, office selection and visas.
Unlike some zones, DMCC Free Zone does not require a large paid-up capital to be blocked in a bank account before the licence is granted. In our experience, one of the reasons we recommend DMCC Free Zone is its world's #1 free zone (Fitch), which matters more than most company owners realise once the business is running. Importantly, icelandic applicants benefit from the fact that DMCC Free Zone already has many Icelandic shareholders on its register, so its officers recognise Iceland paperwork and name formats instantly.
Pricing for DMCC Free Zone company formation for Icelanders depends on the package you choose; every option below includes GoldenKey's service and the government fees stated. On the ground, the figures below for DMCC Free Zone company formation for Icelanders are updated by GoldenKey whenever the authority changes its fees, so the price you see is the current one.
1 residence visa · 1-year licence
Licence only · upgrade to visas anytime
3 residence visas · 1-year licence
3 residence visas · 1-year licence
3 residence visas · 1-year licence
Licence only · upgrade to visas anytime
3 residence visas · 1-year licence
3 residence visas · 1-year licence
Prices are indicative, in AED, exclusive of 5% VAT where applicable, and confirmed in writing before payment. Last updated 2026-10-27.
DMCC Free Zone lets you combine related activities on one licence. Search by what your business does — in English or Arabic — and quote the GK code when you ask for a quotation.
GK-DMCC-001Oil & Natural Gas Well DrillingServicesGK-DMCC-002Oil & Natural Gas Well Reinforcement ServicesServicesGK-DMCC-003Onshore & Offshore Oil & Gas Fields ServicesServicesGK-DMCC-004Repairing Oil & Natural Gas Well Equipment AbroadServicesGK-DMCC-005Well Drilling & Oil & Natural Gas Development AbroadServicesGK-DMCC-006Dairy Products Manufacturing & PackingIndustrialApproval requiredFrom day one, gather these supporting documents and GoldenKey will take care of the rest of DMCC Free Zone company formation for Icelanders.
Scanned colour copies are enough to start. We check every item before anything is submitted.
GoldenKey starts by confirming your activity is available in DMCC Free Zone, then agrees the licence category, visa quota and office option with you in writing.
For most clients, your trade name is reserved with the DMCC Free Zone authority and initial approval is obtained; this stage rarely takes more than two working days. If the authority raises a query on DMCC Free Zone company formation for Icelanders at this stage, we handle it the same day.
You sign the application and memorandum, we file the attested paperwork with DMCC Free Zone and the authority's licence fee is paid.
Your DMCC Free Zone licence, certificate of incorporation and lease are issued, and we move straight on to the establishment card, visas and bank introduction. We keep a written record of this step so your file for DMCC Free Zone company formation for Icelanders is audit-ready.
Straight answers about DMCC Free Zone. Anything else — ask GK AI or message us.
View all FAQsCrucially, once your documents are complete, the authority normally issues the licence within 7 working days. Visas and bank account opening follow afterwards.
Most DMCC Free Zone licences can be issued remotely with scanned documents and a signed power of attorney. You will need to enter the UAE for the medical test and Emirates ID biometrics when your residency visa is processed.
Yes. DMCC Free Zone allows activity additions and changes through a licence amendment, which GoldenKey can process in a few working days for a small authority fee.
Processing for Icelanders follows the same timeline as other nationalities. Documents from Iceland that need attestation are the main variable, and GoldenKey guides you through that step.
Yes. Icelanders can own the full share capital of a DMCC Free Zone company with no local partner, exactly like any other nationality.
Just as important, if you would like a written quotation for DMCC Free Zone company formation for Icelanders, use the form below or message us on WhatsApp and we will respond as soon as possible.
Since 2021, most mainland activities have allowed 100% foreign ownership, and free zones have always offered it, so DMCC Free Zone company formation for Icelanders no longer requires a local partner. The dirham has been pegged to the US dollar since 1997, which removes currency risk for DMCC Free Zone company formation for Icelanders and makes international pricing simple.
To be clear, our office is a short drive from the Ajman Free Zone, Ajman DED and the immigration centre, so physical submissions for DMCC Free Zone company formation for Icelanders happen the same day they are ready. We speak the languages our clients speak, including English, Arabic, Hindi, Urdu and Malayalam, and we can arrange Russian, French and Mandarin support for DMCC Free Zone company formation for Icelanders. Crucially, you deal with one named consultant from the first call until your DMCC Free Zone licence, visa and bank introduction are complete, and that consultant answers your WhatsApp messages personally.
