UAE MAINLAND
Dubai Multi Commodities Centre (DMCC)
What is the significance of having a UAE mainland firm, and what does it represent?
The free zone is accessible to nearly all types of legal commercial operations.
Dubai Multi Commodities Centre (DMCC)
UAE Mainland
The free zone is accessible to nearly all types of legal commercial operations.
What is the significance of having a UAE mainland firm, and what does it represent?
The Dubai Multi Commodities Centre (DMCC), which has been named the Global Free Zone of the Year for four consecutive years, is residence to 24,000 businesses, and an additional 170 join each month. It was established in 2002 and has since grown to become the largest free zone in the world. It is situated at the center of Jumeirah lakes towers and is one of the Dubai’s finest addresses. Also, Sheikh Zayed Road and the Expo 2020 sites are easily accessible from the free zone. Because of this, it’s one of the best places to launch a business and quickly reach its full potential.
The DMCC free zone is becoming more well-known as more businesses decide to operate under its light business regulations every year. They profit from total foreign ownership and a tax-free environment in the leading business district of the region.
Businesses can now use DMCC as a center and then reach out to the expanding worldwide markets because of greater shipping convenience. A significant part of connecting international commerce routes is being played by DMCC. It is perfect for enterprises of all sizes because of its wide range of flexible office solutions, which include multi-story office complexes that are serviced and flexi-desks. Here a typical business setup can take four weeks usually.
The DMCC Gold Hub in Dubai is a major player in the global gold market, handling a quarter of the world’s gold trade. Its cutting-edge infrastructure includes everything from precious metal vaults to refineries and jewellery manufacturing facilities. The hub offers distinctive products like UAE bullion coins and Shariah-compliant hedge funds, showcasing its innovative spirit. Online platforms such as the Dubai Gold and Commodities Exchange (DGCX) and DMCC Trade flow bolster its strong digital presence, making trade finance more accessible. At the heart of its operations is the DMCC Vault in Almas Tower, which provides secure, round-the-clock storage solutions tailored to various needs.
The DMCC Diamond Hub in Dubai is a leading global center for diamond trading. In 2021, it surpassed Belgium to become the largest hub for rough diamond trading, with the UAE trading over $22.8 billion worth of rough diamonds that year. The hub provides customized licenses for a variety of services, including manufacturing, processing, trade marketing, and consultancy. Members benefit from a wide range of insurance products covering every aspect of their operations. The DMCC Diamond Hub also boasts state-of-the-art storage facilities, such as the DDE Vault, offering both short and long-term storage solutions for diamonds, gold, designer jewellery, and other precious items.
The DMCC stands as a premier global commodity hub, offering a comprehensive suite of services and facilities tailored for diverse commodities. In the agricultural sector, DMCC supports the industry with specialized tea and coffee centers, providing essential infrastructure and services. The energy sector benefits from DMCC’s platform that fosters trade and investment in water and renewable energy solutions. The burgeoning cryptocurrency and blockchain industries find a home in DMCC’s crypto center, which offers a wide array of services. As a leading hub for the diamond industry, DMCC facilitates diamond trading, cutting, and polishing. The colored gemstone trade is also robust within DMCC’s ecosystem, ensuring a vibrant marketplace.
Advantages Of Business Setup in DMCC
As the largest free zone in the world, the DMCC provides an array of advantages to companies that choose to locate there.
Types Of UAE Free Zone Trade Licence
On the UAE free zone, businesses can be divided into four main licences depending on their activity type: General Trading, Commercial,
Industrial and Service. Below is a general look at each licence type.
Legal Forms For Company Formation In UAE Free Zones
The legal forms available for company registration in UAE free zones have been modified to meet the needs of different business kinds and investment levels. Below is a summary of the main corporate organizations and applicable legal frameworks found in UAE’s free zones:
Why Dubai Multi Commodities Centre (DMCC) For Your Company Formation?
DMCC has supported entrepreneurs all over the world with its extensive knowledge of free zone, mainland, and offshore company formation. Take advantage of fluent customer assistance, Full ownership, Tax benefits, simplified services, and local market knowledge.
In order to improve access to resources and enable smooth operations, DMCC cultivates strategic alliances throughout all UAE jurisdictions. Become a part of DMCC’s vast network of suppliers and partners, which is supported by connections to important government organizations such as Dubai FDI and the Chamber of Commerce and Industry of Dubai. With DMCC, take benefits of unmatched growth prospects in one of the busiest commercial centers worldwide. DMCC have the largest network of partners and service providers in the industry.
Standard Required Documents to Start the
Business Setup Process
Let’s launch your business with success! Ensure you have all the necessary documents ready to streamline the setup process!
Your Guide To Setting Up A Free Zone Business In UAE
Your business setup checklist is ready. Let’s launch your business with success!
- 1Decide on your business venture.
- 2Choose the best UAE location for your company
- 3Choose the legal framework for your company.
- 4Give your business name.
- 5Apply for Initial Approval.
- 6Prepare Legal Documents.
- 7Lease Office Space.
- 8Obtain Licenses.
- 9Open a Corporate Bank Account.
- 10
Apply for the number of visas your company will require.
- 11
Register for VAT (if applicable)
Frequently Asked Questions
Common Questions About Business Setup in the Dubai Multi Commodities Centre (DMCC)