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Company Formation with Dubai Multi Commodities Centre (DMCC)

Company Registration Services with Economic Department & Freezones All Over UAE

Dubai Multi Commodities Centre (DMCC)

The Dubai Multi Commodities Centre (DMCC) is a strategic initiative of the Dubai government created to establish a commodity market place in Dubai. Rated ‘A’ by Standard & Poor’s, it provides industry-specific market infrastructure and a full range of facilities for the gold & precious metals, diamonds & coloured stones, energy and other commodities industries. DMCC is also a free zone authority offering 100% business ownership, a guaranteed 50 year tax holiday and freehold property options.
Launched in 2002, this strategic government initiative has been established to support the specific needs of its core segments – Gold & Precious Metals, Diamonds & Coloured Stones, Energy and Other Commodities industries.

01

Company Formation Dubai Free Zone

  • Creation of a dedicated market place in Dubai

  • Increase the value and volume of commodities traded in and through the region

  • Facilitation and integration of the entire value chain of its key segments

  • Broaden the local market horizon e.g. Refining – Manufacturing – Trade

  • Create industry specific market infrastructure for its core segments, innovate new products and services

  • Provide a supportive business environment through purpose-built infrastructure

  • Promote regional industry growth

  • Enhance local industry through implementation of international standards

02

DMCC is a free zone authority offering market participants of the commodities industry and support services invaluable business incentives, including:

  • 100% business ownership

  • A guaranteed 50-year tax holiday on personal and income taxes

  • Purpose-built infrastructure available on a freehold or leasehold option

  • A one stop shop facility for processing of all documentation including immigration, registration and licensing

Key Investments

  • MPZ has committed to an initial investment of approximately US$ 280 million and it is expected that tenants in the printing and packaging business will invest a further US$ 280 million in machinery alone.
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Company Set up Dubai

Key Benefits

    Unique World wide centre Industry Clustering

    Purpose built infrastructure

    World class security systems

    Regulated environment.

    100% Business Ownership.

    Ability to purchase premises

    Preferential freight rates.

    No foreign exchange controls or barriers to entry No restrictions on capital repatriation

Gold & Precious Metals

The objectives of this progressive Centre include:

Throughout history Dubai has played a significant role in the global gold market and is now a bullion centre of international significance.

Popularly known as the ‘City of Gold’, Dubai is ideally located amidst a large consumer market, and uniquely positioned to channel gold from the international market to its ultimate destination.

The Dubai Multi Commodities Centre will integrate the refining, manufacturing and trading of gold, as well as introduce the trading of other precious metals such as platinum, palladium and silver.

DMCC’s aim is to facilitate the development and expansion of the local and regional precious metals market. The Centre is working with partners both regionally and internationally to promote the highest global standards in product and service development, while simultaneously encouraging greater transparency to the benefit of all market participants.

DMCC’s planned market infrastructure developments will strengthen Dubai’s position as the leading regional centre for precious metals.

Facilities:

  • DMCC’s 200-hectare development will include the Almas Tower (meaning Diamond in Arabic), the AU Tower and the Ag Tower, in addition to plots of land allocated for special manufacturing operations, located in close proximity to Dubai’s emerging projects and developments. Each purpose-built tower will have facilities that enhance trading and will provide commercial and support facilities for market participants in DMCC’s specialized segments; gold & precious metals, diamonds & coloured stones and commodities.

  • DMCC offers its members services ranging from registration and licensing to general services that ease the process of setting up a business within the complex. This ‘One Stop Shop’ strategy allows member companies to complete the employee affairs procedures, renewal of residence permits and issuance of visas, traffic affairs, and vehicle registration through DMCC itself.

Facilities will include:

  • High tech, secure vault facilities
  • Assaying facilities
  • Settlement
  • Package delivery
  • Shipment facilities
  • Preferential rates – bullion freight
  • A purpose-built Jewellery and Gemplex to facilitate the manufacture of precious metal jewellery
  • A commercial tower to house wholesale

DMCC will create a level playing field for all participants of the gold industry by introducing transparent and fair rules for business conduct. The introduction of a Code of Conduct for the supervision of the bullion enterprises within the Centre to ensure that they abide by the highest international standards. Dubai already has an impressive history in the gold market, but the future is even more exciting.

Diamonds and Coloured Stone:

Activities

  • Dubai is set to join leading international diamond centres including Antwerp, New York and Mumbai. The Diamond division within DMCC is aiming to establish Dubai as a diamond trading and value-adding centre of global significance. DMCC has been instrumental in implementing the Kimberley Process Certification Scheme (KPCS) in the United Arab Emirates as part of its endeavour to streamline the trade with global standards and protecting the legitimate diamond industry. The UAE is proudly the first Arab country to implement KPCS.
  • The launch of the Dubai Diamond Exchange, facilitating the trade of rough and polished diamonds, is set to provide a major impetus to the diamond industry in the region.
  • The Centre will accommodate every facet of the business – manufacturing, trade, education, certification and technology. Alliances with other players in the trade such as finance organizations, government institutions, etc, will promote complete growth of the industry. The DMCC facilities will also include bringing the best of educational institutions to Dubai, to make the latest in technology and processes available to the local and regional market.
  • Housed in the purpose-built landmark Almas Tower (Almas means ‘diamond’ in Arabic), Dubai’s diamond community is set to sparkle more brightly than ever.
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Setting up a business in the UAE can be an overwhelming experience for the uninitiated but we can make this job truly easy for you. Talk to our expert consultants for free & decide the best course of action for yourself, today.

Flyingcolour® assists in all types of company registrations in the United Arab Emirates. We assist in Mainland, Free Zone, or Offshore company registrations in all Emirates of the UAE and also assist in opening bank accounts with all local leading banks. We closely work with all Government Departments and banks.