Multi Commodities Centre Free Zone (DMCC) is the largest free zone in Dubai and it was founded by the government in 2002 with the purpose of providing a trade corridor for diamonds and stones, jewelry and energy commodities through Dubai. Dubai DMCC encompasses today more than 4,000 companies and their number is still growing. The Dubai Multi Commodities Centre’s credit rating is “A”, according to Standard and Poor’s.
The core purpose of establishing the DMCC was to create a premium environment for companies that are involved in commodities services. The DMCC has strict legislation harmonized with international regulations in order to provide world-class business services. The main services foreign companies can benefit from are: a developed infrastructure, financial services and real estate services, as well. Entrepreneurs wanting to start a company in a Dubai free zone can benefit from registration and licensing services, work and immigration services and a customer care service.
Dubai Multi Commodities Centre Free Zone can host limited liability companies and branch offices for foreign and UAE companies. In order to open a limited liability company or a branch office, the following requirements must be met:
Foreign investors interested in starting a company in the Dubai Multi Commodities Centre have three options:
The documents required to set up a company in the DMCC are:
In the case of branch offices and subsidiaries, the applicant must also submit a translated and certified copy of the documents of incorporation. Also, the applicant must reside in the Dubai Multi Commodities Centre.
Companies established in the DMCC benefit form:
Dubai is a very attractive destination for investors wanting to start new businesses especially in the free zones. If you want to set-up a business, you can contact our company incorporation agents in Dubai.