Dubai Multi Commodities Center Authority

Dubai Multi Commodities Center Authority

Introduction

The Dubai Multi Commodities Center Authority’s (DMCC) was established and launched in 2002. It is located at the most privileged location, opposite to Dubai Marina and close to The Emirates Mall. DMCC Free Zone is located in a prestigious lake front development named Jumeirah Lakes Towers (JLT).
Besides being one of largest free zones in Dubai, the DMCC is also one of the most developed in the UAE. The JLT is a 200-hectare region with top-notch infrastructure ideal for both businesses as well as residents who choose to reside within the area. The JLT provides appropriate residential, retail and commercial properties for both sale and rent. The DMCC is home to multi-national companies and organizations as well as Small and Medium Enterprises (SMEs) from all over the world. Currently, there are approximately 10,000 companies operating under the DMCC license, which benefit from and use its infrastructure, facilities, goods and services. Currently DMCC licenses about 170 new companies per month. In addition to the provision of the relevant licenses to DMCC Dubai companies, the DMCC offers visas as well as other services (e.g. office solutions) needed to establish a business in Dubai.

The DMCC offers member companies unique benefits including access to products and services, physical and financial infrastructure and trading platforms such as the Dubai Gold & Commodities Exchange (DGCX), Dubai Diamond Exchange, DMCC Pearl Exchange, DMCC Tea Centre and DMCC Trade flow. Additionally, DMCC companies have access to a host of commodities-based investment tools such as Sharia compliant hedge funds.

Reason to Setup Company in Dubai Multi Commodities Center

Gold and Precious Metals Industry

DMCC supports the gold and precious metals industry by bringing together key international and local industry players. The result is the achieving, not only of high profitability, but the highest worldwide standards for gold and precious metals products. Dubai’s location, shipping facilities, air cargo facilities and access to a huge consumer demand appeals to key players of the gold and precious metals industry.

Diamonds and Colored Stones Industry

DMCC is establishing Dubai as one of the world’s leaders in rough and polished diamond trading. DMCC operates its diamond section, the Dubai Diamond Exchange, based in the Almas Tower, within global industry standards. An example of this is the implementation of the Kimberley Process Certification Scheme (KPCS).

DMCC facilitates and supports all activities in the diamond industry’s supply chain, from refining, manufacturing, certification, promotion, selling and shipping. There are strong alliances with other players in the industry, such as government departments, shipping companies, recruitment companies, advertising companies and technological experts, all providing valuable business connections and enabling unlimited business opportunities.

 

Competitive Advantages: Why DMCC?

  • 0% personal and corporate tax
  • 0% capital repatriation
  • 100% business ownership
  • Zero currency restrictions
  • The biggest and fastest growing free zone in the United Arab Emirates
  • Global recognition in the commodities industry – “A” rating by Standard & Poor’s
  • Prime strategic business location of global significance
  • Complete range of facilities to support refining, manufacturing and trading of commodities
  • Continuous innovation of products and services
  • Regulated and secure business environment – global “best practice” procedures
  • 8,700 companies
  • Freehold property
  • State-of-the-art properties for lease of purchase
  • Alliances with industry players enabling unlimited business opportunities
  • Business networking events and online networking tools
  • Provision of investment tools, e.g. Sharia compliant hedge funds
  • Access to trading platforms, e.g. Dubai Gold & Commodities Exchange

 

Dubai Multi Commodities Centre Free Zone Company Formation Fees

  • Application fee: AED 1,000
  • New company registration fee: AED 9,010
  • Standard – Trading and Service – License fee: AED 20,010
  • Preparation of Articles and Memorandum of Association fee: AED 2,010

 

Dubai Multi Commodities Centre Services

  • Registration of companies
  • DMCC Service Centre
  • Issuing of licenses
  • Visas and immigration
  • DMCC eservices
  • DMCC Member Zone
  • DMCC Networking and Social Events
  • DMCC Knowledge Series
  • Clubs
  • Compliance & rules and regulations

Registration of Companies

DMCC registers limited liability companies and branches of foreign or local companies.

For a limited liability company, DMCC requires at least one shareholder and at least one director. The minimum share capital is AED 50,000 for each company.

DMCC Service Centre

DMCC Service Centre was created in order to offer all the services involved in registering and managing a company at DMCC Free Zone under one roof. DMCC Service Centre is located at Almas Tower (Level 1), Jumeirah Lakes Towers, and New Dubai.

Services provided by DMCC Service Centre:

  • Licensing
  • Registration
  • Visa
  • ID
  • Access cards
  • Immigration
  • Property leasing and purchase
  • Serviced offices and flexi desks
  • Office fitting
  • Phone lines, telecoms
  • Car hire
  • Utilities
  • Insurance services
  • Advisory services
  • Compliance and regulations advisory
  • Letters
  • Salary certificates
  • Planning and approvals
  • Land development
  • Advertising and signage

Issuing of Licenses

DMCC issues licenses for a wide range of business activities. Three types of licenses are issued: Trading, Industrial and Service which cover over 450 DMCC company activities.

Categories of Permitted Business Activities at DMCC:

  • Agriculture
  • Fishing
  • Mining and quarrying
  • Manufacturing
  • Electricity, gas and water
  • Construction
  • Trading and repairing
  • Hotels and restaurants
  • Transport, storage and communications
  • Financial services
  • Real estate and business services
  • Education
  • Health and social work
  • Other community, social and personal services

Dedicated staff at DMCC Service Centre help clients with the following administrative procedures regarding licenses:

  • Issue of license
  • License renewal
  • Amendments to licenses
  • Amendments to registrations (change in share capital or share transfer etc)

Visas and Immigration

Support is provided for the administrative procedures involved in the issuing of visas and immigration matters:

  • Issuing of visas
  • Visa services (visa types, cancellations, transfers)
  • Immigration services
  • Issuing of ID cards
  • Letter services (NOC’s, salary certificates etc.)
  • Other services

DMCC eservices

DMCC eservices provides 24/7 secure access to its eservices clients for a broad range of services via the DMCC Free Zone Member portal.

DMCC Member Zone

DMCC Member Zone provides clients with an online platform for communicating useful information, sharing useful documents, latest developments rules and regulations, upcoming events and more.

DMCC Networking and Social Events

DMCC staff regularly organize networking and social events paving the way for business opportunities and the sharing of expertise between DMCC’s clients.

DMCC Knowledge Series

DMCC Knowledge Series offers its clients a series of workshops, seminars and lectures often delivered by well-known industry experts.

Clubs

DMCC has set up a variety of clubs and associations to help members socialize and interact in their free time.

Compliance & Rules and Regulations

To make sure that all procedures are in line with laws and regulations, DMCC has a dedicated compliance and inspection team.

DMCC emphasizes the use of international best practices and ethics. Therefore its regulatory system is of the highest standard and is an important aspect of its provision of services and products.

Dubai Multi Commodities Centre Products

  • Properties
  • Silver Business Centre (SBC)
  • CORE Commercial
  • Concordia

Properties

DMCC offers a wide variety of commercial and residential properties which are available for rent or purchase.

Features of properties:

  • Variety of office types to suit size and activity of business
  • Commercial sales or leasing of property
  • Very competitive prices
  • Prime real estate centrally located next to Sheikh Zayed Road
  • Advanced infrastructure
  • Easy access to seaports and airports

DMCC’s own properties:

  • Almas Tower
  • Silver Tower
  • Gold Tower
  • Jewelry & Gemplex
  • Plots of land
  • Retail centers
  • Business centers – with various office types

DMCC’s dedicated sales personnel are at the disposal of clients to help them select the facilities best suited to the clients’ needs and the business type and activities.

Silver Business Centre (SBC)

DMCC’s Silver Business Centre provides a prime business address (AG Tower) matched with excellent support services. Clients with offices in the Silver Business Centre enjoy a first class working environment, highly advanced technology and modern facilities.

CORE Commercial

CORE Commercial is DMCC’s partner in real estate brokerage. DMCC’s clients are provided with support in finding the ideal office and retail facilities within DMCC to suit their needs. CORE’s dedicated personnel are housed in Almas Tower and they are highly experienced in purchase, leasing and the management of retail, commercial and industrial properties.

Concordia

Concordia is a well-known provider in the field of Integrated Facilities Management and is DMCC’s partner.  Together with DMCC’s team, Concordia’s 700 members of staff provide a wide range of quality FM services for commercial and residential properties.

Feel free to contact us.