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Thursday, July 12, 2012

Company Formation in Dubai (DMCC) Multi Commodities Center






Company Formation in Dubai (DMCC) Multi Commodities Center

The Dubai Multi Commodities Centre (DMCC) has been created as a strategic goal of
the Dubai Government to establish a commodity market place in Dubai. The DMCC was
launched on April 24th 2002 by a decree from the Government of Dubai.
The DMCC offers a unique opportunity for participants in a wide range of metals
and commodities industries. It provides facilities that bring together the gold trade,
the diamond trade (housing a Diamond Exchange), and trading in other selected
commodities. The Centre aims to attract key players throughout the entire value chain of
each of these industry sectors, together with relevant support industries such as finance,
logistics and insurance.

The DMCC offers ownership of business premises in addition to all other standard
Free Zone services. DMCC’s facilities will include a commercial tower, refineries and
manufacturing complex, with close proximity to Jebel Ali Port. Plots of land have also
been allocated for the larger manufacturing units and refineries. DMCC’s activities are
Organized into three main areas which are Gold and Precious Metals, Diamond and
Colored Stones and Commodities.

DMCC plans to strengthen Dubai’s position as the leading regional centre for bullion
business by offering improved facilities to enterprises establishing themselves under
the Centre’s auspices. The infrastructure at DMCC will accommodate every facet of the
business - manufacturing, trade, education, certification and technology. Alliances with
other players in the trade such as finance organisations, government institutions, etc.
will promote complete growth of the industry.

To further boost the regional diamond trade, the official announcement was made on
the Dubai Diamond Exchange (DDE), which is the first WFDB (World Federation of
Diamond Bourses) affiliated bourse in the Arab World.

DMCC has also entered into a joint venture between MCX (Multi Commodity Exchange
of India and FTIL (Financial Technologies India Ltd) and has formed the Dubai Gold and
commodities exchange (DGCX). DGCX provides advanced electronic infrastructure and
an organized monitored environment.

DMCC also aims bringing the best of educational institutions to Dubai, to make the
latest in technology and processes available to the local and regional market.
DMCC has been instrumental in implementing the Kimberely Process in the United
Arab Emirates as part of its endeavor to streamline the trade with global standards and

protecting the legitimate diamond industry.
Features

• Trading in various commodities including gold and precious metals, diamonds and
  colored stones and various services that compliment the main core business.
• Free hold ownership of business premises
• Diamond exchange
• 50 years tax holiday
.
Form of registration
• As a branch of a foreign company - no minimum capital required.
• As a Free Zone Company (DMCCO) - minimum share capital is AED 200,000.
Facility costs and type of license
Facility
Size
Cost in AED per annum
Office in commercial tower
Flexible
1,200 - 1,800 per sq.ft
Offices in Business Avenue
22 sq.m - 110 sq.m.
180 per sq.ft (approx)

Type of License
Cost in AED per annum
Manufacturing
8,000 to 25,000
(depends on the units or area leased)
Trading
15,010
Service
15,010

For More Details
Regarding Business Consulting
And Free zone Assistance contact me

Senior Business Consultant
ADAM CONSULTING
Dubai Abu Dhabi o Bahamas Budapest  
Headquarters: Dubai
Office 2A, Ground Floor, Building No.6
Gold & Diamond Park
PO Box 183827, Dubai, UAE
Phone     : +971 4 341 9701 Ext: 150
Fax          : +971 4 341 9702
Mobile   : +971 050 7141 665
Skype     faisalibrahim786
Email       :  faisal@adamadvisors.com
Web       www.adamadvisors.com


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