DMCC
What is DMCC?
The Dubai Multi Commodities Centre (DMCC) is a leading free zone in Dubai, United Arab Emirates, established in 2002. It is specifically designed to facilitate trade and commerce in a wide range of commodities, including gold, diamonds, tea, coffee, and other products. DMCC has become one of the most attractive business hubs in the world, supporting over 20,000 companies from various sectors.
Key Features of DMCC
Strategic Location:
DMCC is centrally located in Dubai, providing easy access to global markets through its proximity to Dubai International Airport and Jebel Ali Port, one of the largest ports in the region.
Diverse Business Environment:
DMCC caters to a wide array of industries, including:
- Commodities trading (gold, diamonds, tea, coffee, etc.)
- Financial services
- Technology
- Logistics
- Real estate
- Professional services
100% Foreign Ownership:
Companies operating within DMCC benefit from complete foreign ownership, allowing international investors to fully control their businesses without the need for a local partner.
Tax Benefits:
DMCC provides a tax-friendly environment with:
Zero personal income tax
Zero corporate tax for 50 years, which can be renewed
No import or export duties
Business Licenses:
DMCC offers a variety of licenses tailored to different business activities, including:
- Trading licenses
- Service licenses
- Industrial licenses
- E-commerce licenses
- Business Support Services:
DMCC provides comprehensive support services to businesses, including:
- Assistance with company registration and licensing
- Administrative support
- Networking opportunities
- Access to industry-specific training and events
World-Class Infrastructure:
The DMCC free zone boasts state-of-the-art facilities, including:
- Office spaces
- Warehousing and logistics services
- Conference and meeting facilities
- Retail spaces
Flexible Office Solutions:
DMCC offers a range of office solutions to cater to businesses of all sizes, including:
- Flexi-desk options
- Serviced offices
- Virtual offices
- Community and Networking:
DMCC fosters a vibrant community of businesses, providing networking events, trade fairs, and industry-specific exhibitions to facilitate collaboration and growth.
Sustainability Initiatives:
DMCC is committed to sustainable business practices and has implemented several green initiatives to promote environmental responsibility among its tenants.
Business Activities Supported by DMCC
DMCC supports a diverse range of business activities, including:
- Commodities trading (gold, diamonds, etc.)
- Retail and wholesale trading
- Consulting and professional services
- E-commerce
- Logistics and supply chain management
- Technology and innovation
- Manufacturing and assembly
Application Process for DMCC
Choose Business Activity and License Type:
Determine the business activity you want to pursue and the corresponding license type.
Submit Application:
Complete the online application form on the DMCC website and submit it along with the required documents.
Initial Approval:
Once the application is reviewed, DMCC will issue an initial approval, allowing you to proceed with the next steps.
Office Space Requirements:
Decide on the type of office space you need and secure it through DMCC’s offerings.
Legal Documents:
Prepare and submit the necessary legal documents, including the Memorandum of Association (MoA) and other required agreements.
License Issuance:
Upon completing the formalities and paying the relevant fees, DMCC will issue the business license, enabling you to commence operations.
Visa Processing:
Apply for employee and investor visas through DMCC’s visa services, allowing you and your staff to reside and work in the UAE.
Conclusion
The Dubai Multi Commodities Centre (DMCC) is a premier business hub that provides a wealth of opportunities for investors and entrepreneurs looking to establish a presence in Dubai and the wider UAE market. With its strategic location, tax benefits, and diverse business environment, DMCC has positioned itself as a global leader in commodity trading and business support services. Whether you’re a startup, SME, or multinational corporation, DMCC offers the infrastructure and support needed for success in today’s competitive market.