Dubai Multi Commodities Centre (DMCC)
Dubai Multi Commodities Centre Authority, Dubai
Description
Established in 2002, the Dubai Multi Commodities Centre (DMCC) is a leading free zone and commodities trading hub in Dubai, UAE. It serves as a gateway for global trade, attracting businesses across various sectors including gold, diamonds, precious metals, energy, and agricultural commodities. With over 25,000 registered companies, DMCC has been recognized as the 'Global Free Zone of the Year' by the Financial Times' fDi Magazine for eight consecutive years.
| Emirate | Dubai |
| Website | https://dmcc.ae/ |
| Contact Email | info@dmcc.ae |
| Contact Info |
Phone: +971 4 424 9600
Address: Almas Tower, Jumeirah Lakes Towers, Dubai, UAE
|
| Year Established | 2002 |
| License Types | Trading License, Service License, Industrial License |
| License Cost | License fees vary based on the type of license and business activity. |
| Formation Cost | Formation costs depend on the chosen license type, facility, and business activity. |
| Minimum Capital Requirement | No specific minimum share capital requirement is specified; it may vary depending on the business activity and legal structure. |
| Allowed Business Activities | Trading in Commodities, Consultancy Services, Logistics, Financial Services, Technology and Telecommunications |
| Company Legal Structures | Free Zone Limited Liability Company (FZ-LLC), Branch of a Foreign Company, Branch of a UAE Company |
| Allowed Activities | Trading in Commodities, Consultancy Services, Logistics, Financial Services, Technology and Telecommunications |
| Restricted Activities | Activities requiring special approvals from UAE authorities |
| Investor Visa Cost | Visa costs vary based on the investor's profile and specific requirements. |
| Employee Visa Cost | Visa costs vary based on the employee's role and specific requirements. |
| Processing Time (Days) | The company formation process typically takes between 2 to 4 weeks to finalize, depending on documentation and approvals. |
| Physical Office Required | Yes |
| Office Space Options | Commercial Offices, Co-working Spaces, Serviced Offices |
| Office Space Cost | Office space costs vary based on size, location, and facility specifications. |
| Virtual Office Available | Yes |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance is provided; costs may vary depending on the chosen bank. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK |
| Governing Laws | Operates under UAE federal laws and Dubai regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | Annual renewal fees vary based on the type of license and business activity. |
| Business Restrictions | Specific activities may require additional approvals. |
| Ownership Structure | 100% foreign ownership |
| Import/Export Restrictions | No Standard customs regulations apply; specific activities may require additional approvals. |
| Benefits | 100% foreign ownership, Full repatriation of profits and capital, Exemption from personal and corporate taxes, No customs duties on goods and services, Access to a diverse business community, Comprehensive infrastructure tailored for commodities trading and related industries, Networking opportunities with global trading organizations |
| Drawbacks | Primarily focused on commodities trading and related industries |
| Specific Compliance Requirements | Compliance with UAE federal laws and Dubai regulations, Adherence to industry-specific standards and practices |
