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 break 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.
Factor | Description |
Established in | 2002 |
Number of companies | Over 11,000 |
Industry focus | Suitable for companies dealing in commodities and service industry |
Limited liability company | Yes |
Minimum number of shareholder | 1 |
Minimum number of director | 1 |
Corporate shareholder allowed | Yes |
Corporate director allowed | No |
Public register of shareholder and director | No |
Access to UAE Double Taxation Treaties | Yes |
Port of Free zone | No. Close proximity to Jebel Ali Free Zone and Al Maktoum International Airport |
Allowed to import export goods | Yes |
Commercial offices | Available as commercial offices, food courts and retail stores. |
Industrial premises | Limited |
Warehousing facility | Limited |
Accommodation facilities | Yes |
Prominent companies at Free zone | Al Amal Gems DMCC, Mikura Pearls, H.K DMCC |
Location of directors and shareholders meeting | Anywhere |
Residency visa issued | Yes |
100% Foreign ownership permitted | Yes |
100% Repatriation of capital and profits | Yes |
Corporate, personal and withholding tax | Nil |
Language | English |
Standard currency of Capital | UAE Dirhams |