DMCC
Estimated Processing Duration
About DMCC:
Situated within Jumeirah Lake Towers (JLT) and founded in 2002, the Dubai Multi Commodities Centre (DMCC) stands as the premier free zone for commodities trading, financial services, and a diverse array of specialized industries spanning from agriculture to energy, diamonds, gold, and base metals. Garnering the prestigious title of “Global Free Zone of the Year” for seven consecutive years, it serves as a hub for over 20,000 businesses across various sectors, making it the most interconnected Free Zone globally
Benefits of an DMCC license include
- Tailored for the trading of precious metals, gems, and diamonds.
- Access to the renowned DDE Vault, ensuring secure diamond storage.
- Flexi-desk options and the opportunity for up to X visas for service activities.
- A wide selection of office locations and types.
- Strategically located in the heart of Dubai with convenient access to public transportation.
- Full exemption from corporate and income taxes.
- A comprehensive range of permissible business activities.
- No restrictions on foreign currency.
- Complete ownership of the business and the ability to repatriate capital.
- An online portal offering convenient access to services.
Common business endeavors at DMCC encompass:
- Commodity markets
- Enterprise assistance firms
- Firms offering professional services
- Marketing enterprises
- Information technology (IT)
- Logistics and shipping enterprises
- Banking and financial institutions
- Insurance providers
- Recruitment agencies
- Food and beverage distributors
In order to establish a business in Dubai focused on the trade of goods, acquiring a trading license is essential. This license encompasses various sectors such as import-export, sales, and general retail, providing unparalleled flexibility and autonomy for business operations.
This license is granted to businesses involved in manufacturing operations that convert raw materials and natural resources into finished goods. It applies to sectors like the production of gold and other precious metals.
This license category is granted to businesses operating as service providers, artisans, or craftsmen. Examples of businesses eligible for this license include medical clinics, beauty salons, and repair services.