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 o Abu Dhabi o Bahamas o Budapest
Headquarters: Dubai
Office 2A, Ground Floor, Building No.6
Gold & Diamond Park
PO Box 183827, Dubai, UAE
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
Fax : +971 4 341 9702
Mobile : +971 050 7141 665
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Thank you sharing this informative post. Free-zones in Dubai are meant for foreign investors who wish to own their business 100% with no ownership sharing with UAE nationals. The simple procedures and formalities of DMCC will attract many of the investors from all around the world to setup business in DMCC free zone.
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