DMCC
World’s No.1 Free Zone and best place to set-up a global commodities trading company
The Dubai Multi Commodities Centre (DMCC) was founded in 2002 as a government of Dubai strategic initiative with the goal of providing the physical, market, and financial infrastructure needed to build and run a successful commodities marketplace. With over 23,000 registered enterprises, DMCC is currently recognized as the largest free zone in the United Arab Emirates.
The Free Zone’s established and startup enterprises depend on its highly connected economy. DMCC is the ideal Free Zone for a beginning businessperson to prosper.
Advantages of a DMCC license
1.
Ideal for dealing with precious metals, gemstones, and diamonds
2.
World-famous secure diamond vault for storing, DDE Vault
3.
Visa allocation with Flexi-desk
4.
Various types and locations of offices
5.
Ideally situated in the centre of Dubai and close to transportation options
6.
100% tax-free status for businesses and individuals
7.
A wide range of commercial activities
8.
No limitations on the use of foreign money
9.
100% capital repatriation and business ownership
10.
Online portal for service and tracking available
Understanding DMCC Company Formation
DMCC company formation stands out as an appealing choice for entrepreneurs looking to establish their businesses in the heart of Dubai. Established in 2002 through a royal decree, DMCC has evolved into the world's premier free zone.
Being a free zone, DMCC offers businesses exemption from specific taxes and regulations, making it the top-ranked free zone globally. This has attracted a diverse range of industries, including commodities trading, logistics, banking, and insurance, with over 23,000 companies representing more than 120 countries.
Year by year, an increasing number of firms are drawn to the liberal business rules offered by the DMCC free zone, providing complete expat ownership and a tax-free environment in Dubai's leading commercial sector. Serving as a hub, DMCC enhances shipping convenience, linking international trade routes and connecting businesses to thriving global markets.
DMCC extends a multitude of benefits to businesses choosing to set up within its jurisdiction, such as 100% foreign ownership, exemption from personal and corporate taxes, and a broad spectrum of available business services. Additionally, the streamlined DMCC company formation process contributes to its appeal as a business destination.
Establishing a company in the DMCC free zone involves obtaining a license, with various types available. The DMCC Trading License permits business operations in Dubai, while the DMCC Service License allows for the provision of related services. Eligibility criteria include being a registered company, maintaining a physical presence in the UAE, and ensuring compliance with DMCC regulations, along with the requirement of a local service agent.
