DMCC Free Zone - The world's best Free Zone
Dubai Multi Commodities Centre (DMCC) Free Zone is the largest and most important free zone in Dubai and UAE. Launched in 2002, DMCC is a strategic initiative of the Dubai government created to establish a commodity marketplace in Dubai. DMCC performs a range of roles that continue to position Dubai as the preferred destination for global commodities trade and DMCC as the world’s No.1 Free Zone. DMCC is the current holder of the “Global Free Zone of the year” award and has held this award for the last 6 years.
Currently, more than 19,000 companies are operating in DMCC, plus 170 new ones who join each month. Rated ‘A’ by Standard and Poor’s, DMCC provides industry-specific market infrastructure and a full range of facilities for the gold and precious metals, precious stones, energy, and other commodities industries.
Dubai is home to one of the world’s largest gold markets and diamond trading centers. This single physical trading space accounts for 75 billion US Dollars annually. Dubai is the most well-connected place in the world. Traveling just eight hours on the flight will give anyone access to 65% World’s GDP and reach out to the two-third global population.
The strategic location of DMCC
DMCC has one of the best locations, Jumeirah Lake Towers providing the best infrastructure, facilities, and office conditions. Jumeirah Lakes Towers has a full range of facilities and infrastructure, including residencies, offices, metro stations, easy access to public transportation, and shopping centers.
The area is quite big but it is easy to navigate as JLT is divided into Clusters. The secure environment and easy access to different facilities including metro, sports facilities, and shops allow both employers and employees to work and stay in a safe and healthy environment.
Advantages of Company Formation in DMCC
100% foreign ownership
Zero corporate and personal income tax, guaranteed for 50 years
100% capital repatriation and retention of business profits
No currency restriction
100% capital repatriation
Variety of permitted business activities
Easy lease or sale optional available for offices at competitive rates
Offer of freehold commercial properties for sale and lease at reasonable rates
Offer of flexible office solutions including serviced offices, Flexi desks, and shared offices
Systematic networking opportunities through DMCC events, segment specific clubs, and educational workshops
Effective immigration services including visa support
Training on the latest developments in regulations and compliance standards
Types of Business Licensing Options in DMCC Free Zone
Dubai Multi Commodities Centre provides an environment that accommodates many business activities and provides a great deal for all businesses. DMCC's licensing authority offers the following licensing options:
General Trading License
Allows importing, exporting, distributing, consolidating, and storing almost all products types.
Commercial & Trading License
Allows importing, exporting, distributing, consolidating, and storing products that are specified in the license.
Allows carrying out service or consultancy activities specified in the license
Companies can also opt for other business licenses which are permitted and according to their business activity.
DMCC also is one of the few free zones that permits issuance, listing, and trading of cryptocurrency. As of this year, (2021) DMCC authorities signed the initial agreement with the Security and Commodities Authority (SCA). The agreement permits licensing for businesses that want to deal with cryptocurrency.
There is a reason why DMCC means business and is the greatest trading zone on earth. From having specially designed beverage centers to having diverse trade platforms and being home to Fortune 500 companies, DMCC has it all.
DMCC free zone is a major contributor to the development of trade and commerce in Dubai. Setting up your business in the DMCC free zone would allow for advancement and success for your business.
Set up your business in the DMCC free zone now, with Concept Advocates and Business Consultants.
DMCC free zone comes with several office space options ranging from Flexi -desks, shared office spaces, and warehouse facilities. Our business consultants can help you start a business in the UAE and gain the DMCC free zone license at low costs.To get started and find out more, contact our expert business consultants + 971 4 353 0020, +971 52 454 2020, +971 4 220 00030. You may also drop an email to; email@example.com