DUBAI MULTI-COMMODITIES CENTER (DMCC)
DMCC, a Government entity established in 2002 as a strategic initiative of the government of Dubai with a mandate to provide the physical, market and money related framework needed to set up an commodity market in Dubai and to enhance commodity trade flows through Dubai, performs a few parts which have firmly established the Emirate as a regional and international trading hub.
DMCC controls, advances and encourages exchange over a scope of parts including gold, jewels, pearls, valuable metals, tea and various others. Major multi-national organizations and SMEs have made the Jumeirah Lakes Towers area their home.
DMCC comprises modern infrastructure, free-hold property and trade networking platforms as well as industry including secure vaults and purpose-built storage facilities. The Center draws in key players all through the whole esteem chain of an extensive variety of items divisions, together with significant help commercial enterprises, for example, account, logistics and protection. Ahmed Bin Sulayem is the Executive Chairman of DMCC.
BUSINESS IN DMCC
With a community of over 85,000 people working and living across 66 towers, our members also benefit from our unique industry clustering, which positions them alongside business leaders and peers. Through our networking clubs and exclusive ‘Knowledge Series’ events, our members benefit from up-to-date industry information, trend alerts and regular interaction with one another.
In order to accommodate our immense growth, we recently announced major expansion plans to build the Burj 2020 Business District that will include the world’s tallest commercial tower, Burj 2020. In addition, we are bringing to market a 14-floor glass box style building, One JLT, which is being constructed in the heart of the free zone and is due for completion in 2015.
Located in the heart of new Dubai, our proximity to Jebel Ali Port, Al Maktoum International Airport and Dubai Logistics Corridor makes DMCC Free Zone a truly global gateway for trade. DMCC Free Zone is the ideal place to set up your company quickly and grow your business beyond Dubai’s borders.
Benefits from DMCC :
- 0% corporate and personal income tax rate guaranteed for 50 years
- 100% business ownership
- 100% capital repatriation
- Licenses for a full range of business activities
- Freehold offices for sale and lease at competitive rates
- Flexible office solutions including ‘plug and play’
- Immigration services including visas and other government permits
- Regular networking opportunities through DMCC industry events, sector specific clubs and informative workshops
- Training on the latest developments in trade regulation and compliance standards
DMCC company type
- New Company
- Branch (of a local, foreign or free zone company)
- Representative Office.
DMCC License type
- Trading License: To carry out Trading activities specified in the license
- Service License: To carry out Service activities specified in the license
- Industrial License: To carry out light manufacturing activities specified in the license
|Dubai Multi-Commodities Center (DMCC)|
|About the free zone||DMCC is a thriving commodities marketplace that facilitates trade in commodities such as gold, diamonds, pearls, precious metals and stones, tea and other agro commodities, base metals and petroleum commodities. It also houses the Dubai Gold and Commodities Exchange, Dubai Pearl Exchange, Dubai Tea Trading Center, Dubai Diamond Exchange and Shariyah compliant asset management funds. DMCC has close proximity to the Jebel Ali Port and Al Makhtoum International Airport. JLT Free Zone is a part of DMCC.|
|Number of companies||Over 9,000 companies|
|Industry focus||Suitable for companies dealing in commodities and service industry|
|Limited liability companies||Yes|
|Minimum number of shareholders required||1|
|Minimum number of directors required||1|
|Corporate shareholders allowed||Yes|
|Corporate directors allowed||No|
|Public register of shareholders and directors||NO|
|Access to UAE Double Taxation Treaties||Yes|
|Port at freezone||No. Close proximity to Jebel Ali Free Zone and Al Maktoum International Airport|
|Allowed to import and export goods||Yes|
|Commercial offices||Available as commercial offices, food courts and retail stores.|