Unlocking Opportunities at DMCC: A Comprehensive Overview (Dubai Multi Commodities Center)”

15 Apr Unlocking Opportunities at DMCC: A Comprehensive Overview (Dubai Multi Commodities Center)”

Commodities Center houses companies working in global commodities including gold, diamonds, precious metals, tea, food, and other industrial materials.

Dubai Multi Commodities Center (DMCC) is an institution established in 2002 by the Government of Dubai to provide the physical, logistical, and financial infrastructure necessary to establish a center for global commodity trade.

 The free zone in the DMCC free zone company setup is the largest free zone in the United Arab Emirates, with the number of its members in 2018 reaching more than 15,000 registered members.

Achievements and Awards of DMCC:

• International Islamic Finance Award for Best Aid Institution, 2014.
• The DMCC Company Formation is the best free zone in the world for the years 2015, 2016, 2017, 2018 and 2019 to till.
• The Most Innovative Organized Deal Facilitation Award in 2007, the Deal of the Year Award.
• DMCC Company Formation received the award for the best product provider compatible, and its fund received the award for the best investment fund at the World Conference on Hedge Funds in the Middle East 2010.

In 2018, the DMCC Free Zone Company Formation was named number one for the fourth year in a row by the Financial Times.

DMCC recently launched Google’s first global technology center for entrepreneurs in the Middle East in cooperation with Astro-Labs Dubai.

Through its Diamond Exchange, Dubai Pearl Exchange, Dubai Fine Gold Standard, DMCC Tea Centre, and Coffee Centre DMCC company formation supports commodity trade with the help of these organizations.

 The Dubai Diamond Exchange was established in 2004 to facilitate the development of the diamond and colored gemstone market.

Dubai ranks third after Antwerp and Mumbai in the world’s leading diamond centers in terms of trade, with trade growing from $300 million (Dh1.10 billion) in 2002 to $26 billion in 2016.

 DMCC Company Formation Role in Commodity Trade:

The DMCC Pearl Exchange provides facilities to pearl traders and organizes events such as the World Pearl Forum. In early 2011, the first pearl auctions outside the Far East were held.

DMCC’s Financial Products and Exchanges:

DMCC Company Formation offers financial products. Dubai Commodity Asset Management, Dubai DMCC company formation Management, and the Dubai Gold and Commodities Exchange all of these services are all included in the the offerings. 

DMCC Company Formation won the Best Sharia-compliant Product Provider award, and its fund won the Best Investment Funds Award at the World Hedge Fund Conference in the Middle East in 2010.

DMCC’s Free Zone Model and Incentives:

 DMCC, is a 200-hectare mixed-use free zone grouped into clusters of three towers each around three large lakes and a central park. Sixty-eight towers and the 200-hectare project are there and at present include approximately one lac eighty thousand square meters of commercial, residential, and retail space.  

The Diamond Tower, the headquarters of the Dubai Multi Commodities Centre, was completed in mid-2008 and is the 31st tallest in the world. The 68-story building houses about a thousand diamond companies, vaults, trading floor and a conference center all of them are made from diamond. 

DMCC’s 2017 plan includes more than 10 million square feet of commercial and residential space, more than 200 retail and food and beverage outlets, along with 3,000 residential units, a central entertainment plaza, and luxury hotels.

DMCC is the first emirate to pioneer the free zone model, offering attractive privileges and several investment incentives to foreign companies, including the opportunity to own 100 percent of subsidiaries without imposing any taxes.

DMCC’s Free Zone Model and Incentives:

Dubai Multi-Commodity Center has established a DMCC, a center of Sustainability which is a new ecosystem for advancing environmental, social, and governance best facilities among all other twenty thousand companies.

It mainly focuses on contemporary industry expertise and will build a network of sustainability leaders from within its business to run an amiable impact globally. The establishment of a new ecosystem follows the success of another industry ecosystem in previous years. Due to this DMCC has become a regional center for knowledge and innovation in ESG.

Partnerships and Memberships in the Sustainability Initiative:

 Notable companies and social enterprises including General Mills, Monjasa, Shell & Vivo Lubricants, Motif Interiors, and Avalon Women joined as founding members this week. In addition to providing meeting, networking, and mentoring opportunities, the Sustainability Center will offer access to finance through ESG-focused venture capital companies and accelerator programs.

Loyalty Program and Business Support Services:

A dedicated DMCC Free Zone Company loyalty program will allow members to exchange points for a range of business services, including license and visa renewals. – Fast-tracked tier status within DMCC’s loyalty program will thereby gain access to dedicated account support teams and in the process accelerate your business growth.

The Sustainability Center with C3 is a UAE-based social enterprise that empowers impact-driven entrepreneurs all around the world and it will be run in partnership. DMCC Company Formation said the main objective of the Sustainability Center is to maximize the positive impact of our more than 24,000 members and, in the process, ensure that Dubai is at the forefront of the global conversation on sustainability.  

In areas such as the energy transition, the future of transport, and clean mobility DMCC Free Zone company setup has long seen the value in ESG which has signed Global Compact In 2017 and at COP28.  

Training, Events, and Networking Opportunities:

In our DMCC journey building a new sustainable hub is the next logical step as we will provide a platform for the global business community to showcase our ESG credentials, share knowledge and expertise, and at last come positive and meaningful change.

Experience and guidance is very crucial in order to establish a business in the dynamic environment of the Dubai Multi Commodities Center (DMCC). At DMCC Free Zone Business Setup Consultants are available to offer the comprehensive support and services to facilitate your journey who are looking to thrive their journey of company formation and growth.

Conclusion:

Our experts provide expert consultation to understand the goals of your business and tailor a strategic plan for your company formation within DMCC Free Zone. By ensuring safe and smooth setup process to the enterprenures we offer insights into the regulatory requirements like business, environment and investment incentives.

Under special rules and regulations DMCC Free Zone has operated. We ensure compliance with all legal requirements for company registration, licensing and permits on your behalf. By saving your time and efforts DMCC deep knowledge make your process smooth and successful.

We offer customized solutions to the enterprenures to fulfill our business needs and requirements. Whether your business is new or you want to expand your old business we provide personalized guidelines in every step of your sucessing journey.

We provide comprehensive support from initial to post set-up consultation stage at every stage of your business journey. Every type of assistance with visa processing, office space allocation we’re committed to ensure success journey in DMCC Free Zone. By partnering with us you gain access to our expertise and wide network to setup your business smoothly within the DMCC Free Zone. Let be a part of us in one of the world’s leading commodities trading centers.

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