Company Formation in DMCC Free Zone (Dubai Multi Commodities Centre)
Back in 2002, the Government of Dubai reckoned the demand for a physical and financial infrastructure to support the dynamic commodities market of the Middle East. Ergo, the Dubai Multi Commodities Centre was established in order to stock this void and revamp Dubai as a pivot of the commodities market. The diversity in the activities of companies operating under the jurisdiction of Dubai Multi Commodities Centre has facilitated it to become the largest free zone within the United Arab Emirates. The DMCC free zone is situated in the popular Jumeirah Lake Towers (the JLT ) area along the Sheikh Zayed Road and is the catering home of numerous companies operating in varied sectors ranging from shipping to trade and restaurants to universities.
There are wide commodity sectors available with a range of Business Setup from shipping, trade, recruitment, IT, luxury brands, university and many more. The free zone is governed by the Dubai Multi Commodities Centre Authority which issues industrial, service and general trading license to companies based on activity investors opt for. Further, details pertaining to the types of legal structures, documents required for company formation in DMCC Free Zone, facilities, a list of activities, DMCC company formation timeline, DMCC license fees and DMCC share capital requirements are detailed in the menu appearing on the right side of this text.
The Dubai Multi Commodities Centre offers a wide range of physical facilities such as gold and diamond vaults to captivate jewelry merchants and other investors who wish to keep their upscale commodities intact. Companies established in the free zone are also provided with access to trading platforms like Dubai Diamond Exchange, DMCC Tradeflow, Dubai Pearl Exchange and the like. Further, the process of company formation in DMCC Free Zone has also been substantially simplified with the introduction of the e-application and efficient client relationship management. Investors can also opt for various office solutions (both freehold as well as leasehold) ranging from a single unit to multiple office stories. In short, Dubai Gold and Commodities Centre is recognized as the safe bet for companies involved in the trade of commodities such as gold, diamonds, pearls and precious metals. DMCC also houses some of the leading gold refineries in Dubai. To understand the process and costs associated with company formation in DMCC Free Zone, please drop an inquiry.
For more information pertaining to business setup in DMCC Free Zone, please feel free to submit an inquiry or contact one of our lawyers in Dubai or any of our offices across UAE on our Hotline number +971 50 27 28 29 1.
(Last updated 21 May 2018)