Dubai is home to many thriving business environments, each catering to different sectors and industries. These dynamic hubs offer a range of opportunities for businesses across various sectors and provide the necessary infrastructure, support services, and regulatory frameworks to thrive in today's global marketplace. At the center of this economic landscape is the Dubai Multi Commodities Centre (DMCC). From precious metals to agricultural products, DMCC is pivotal in connecting businesses to global markets.
Explore the robust infrastructure and myriad opportunities that Dubai Multi Commodities Centre (DMCC) offers to businesses seeking to establish a presence in the Middle East and beyond.
Dubai Multi Commodities Centre (DMCC)
Established in 2002, the Dubai Multi Commodities Centre (DMCC) serves as an international hub for trade, commerce, and innovation. Headquartered in Dubai, this global trade powerhouse has grown to become one of the most significant economic drivers in Dubai with a contribution of 11% of total foreign direct investment (FDI) in the emirate. It helps boost Dubai’s position as a premier business hub by facilitating trade flows, attracting investment, and providing top-notch infrastructure and support services to its members.
Encompassing world-class mixed-use developments such as Jumeirah Lake Towers and Uptown Dubai, DMCC accommodates over 100,000 working professionals, residents, and visitors. These developments provide state-of-the-art infrastructure to the businesses looking forward to thriving in this dynamic landscape.
DMCC has been voted as the number one free zone globally for nine consecutive years, thereby, solidifying its reputation as the preferred destination for businesses worldwide. Its commitment to excellence has earned it various other recognitions, including being named the Financial Times fDi Global Freezone of the Year.
The driving force behind this hub’s remarkable growth is Ahmed Bin Sulayem, executive chairman and CEO of DMCC. Since joining DMCC in 2003, he has been instrumental in its growth, expanding the organization from 28 member companies to over 24,000 companies across 180 countries, with a workforce of over 80,000 people. Under his leadership, DMCC has introduced various value-added products and services to enhance commodity trade flows through Dubai.
Business Sectors
From traditional commodities like gold and precious stones to emerging sectors such as cryptocurrency, DMCC houses a wide variety of business ecosystems. These businesses can benefit from DMCC’s local and global networks. By engaging with DMCC, businesses can elevate their commercial prospects, seize maximum opportunities, and become part of a dynamic community that is actively shaping the future of trade.
Agro
The agro-ecosystem offered by DMCC serves as the premier gateway for agricultural trade in the Gulf region. This comprehensive ecosystem spans a diverse portfolio, including commodities like coffee, tea, grains, soya, sugar, and spices, catering to both net importers and exporters.
Member benefits
- Customized licenses
- Dual licensing opportunities
- Access to dedicated industry platforms like the DMCC Tea Centre and Coffee Centre
- Access to high-level networking events
- Assistance with customs processes
- Extensive food storage facilities
- Wide range of insurance products and services.
Gold
DMCC plays a pivotal role in setting the global standard for gold trade. DMCC facilitates 25% of the worldwide gold trade. The exceptional infrastructure, including the cutting-edge vaults and refinery facilities, makes it a leading hub in the precious metals industry. Moreover, DMCC's innovative products and platforms, such as the Dubai Gold and Commodities Exchange (DGCX) and DMCC Tradeflow, seamlessly integrate traditional trade practices with modern advancements. DMCC embraces the digital future by venturing into gold tokenization.
Member benefits
- Customized licenses
- Access to support services
- State-of-the-art DMCC vault
- Insurance coverage
- Assistance with customs processes
Diamonds
Over two decades, DMCC has spearheaded Dubai's evolution into a leading hub for rough and polished diamonds, from its early adoption of the Kimberley Process to its establishment of the world's largest diamond tender facility. Within the diamond ecosystem, over 1,300 esteemed companies find cutting-edge facilities, services, and platforms to propel their businesses onto the global stage. DMCC is also home to DDE Vault, a state-of-the-art storage facility that offers short and long-term storage solutions for diamonds, gold, designer jewelry, and other precious items.
Member benefits
- Customized licenses
- Access to a suite of support services
- Access to the state-of-the-art DDE vault
- Insurance access
- Customs processes
Energy
DMCC’s energy ecosystem caters to the surging demand for diversified energy products worldwide. With over 3,000 member companies, this ecosystem facilitates the import and re-export trade of various energy commodities. Central to this effort is the Energy Club, a unique platform fostering business connections, industry insights, and new growth opportunities. Covering a spectrum from crude oil and natural gas to cutting-edge renewable resources, the ecosystem serves as a centralized marketplace for both net importers and exporters.
Member benefits
- Access to commercial space
- Access to Energy Club
- Collaboration opportunities
- Access to the best local and international industry talent
- Networking events
- Full DMCC membership benefits
Gaming
DMCC offers a dynamic platform for collaboration, education, and content creation within the gaming sector. The ecosystem caters to developers, distributors, and tech innovators. Partnering with prominent accelerators and venture capitalists such as AstroLabs and Brinc, DMCC facilitates access to capital through initiatives like ZK Advancer and The Sandbox Metaverse Accelerator, tailored for blockchain and metaverse gaming startups.
Member benefits
- Flexible licensing solutions
- Commercial space
- Residency visas
- Funding opportunities
- Access to talent incubators and accelerators
- Collaborative opportunities
- Educational resources through the DMCC knowledge series
DMCC Services
DMCC provides a wide range of services to support businesses throughout their lifecycle. From company registration to trade facilitation, DMCC offers comprehensive solutions tailored to the needs of its diverse clientele. Here are some of the services offered by DMCC.
Licensing services
DMCC offers highly flexible licensing solutions tailored to meet the diverse needs of entrepreneurs and businesses. With options to renew licenses for up to five years, companies can benefit from attractive discounts and enjoy long-term stability in their operations. You can apply for additional licenses or even obtain a 24-hour operations permit making it easier to expand business horizons. This helps businesses to swiftly adapt to changing market demands and unlock their full potential.
World-class property services
DMCC offers world-class property services to ensure that companies have access to the best facilities to thrive. Businesses have access to ultra-modern office spaces that are equipped with state-of-the-art amenities and cutting-edge technology. Whether it is a startup looking for flexible co-working spaces or a multinational corporation in need of a prestigious corporate headquarters, you can find a variety of office options at this premier location in Dubai.
As a DMCC member, you will have access to JAFZA’s cutting-edge warehouse solutions. These warehousing facilities are equipped with the latest technology and infrastructure.
Visa services
DMCC offers streamlined visa services to assist businesses in obtaining residency visas for their staff and families. From visa renewals to cancellations and updating Establishment Cards, DMCC ensures a seamless experience for its members. DMCC members can access the visa processing through the DMCC Member Portal. Additionally, DMCC provides complimentary Arabic typing services for essential application forms such as Emirates ID and Medical Insurance.
Core business services
DMCC offers its members access to essential business services. DMCC members have access to a suite of tailored insurance solutions through Marsh Emirates Insurance Brokers. These products are designed to protect every facet of your enterprise. Partnering with Bakhit Al Suwaidi Customs Consultancy (BASCC), DMCC extends consultancy services to assist members with customs-related matters. From initial orientation to ensuring legal compliance, BASCC offers support with audits and clearances.
Legal services
To enhance the business operations of the members, DMCC enables them access to a range of support services. One such service is the DMCC Disputes Centre which provides complimentary access to mediation services for resolving workplace disputes in both physical and virtual settings. Additionally, DMCC's Compliance Hub offers members access to credible compliance service providers. This eliminates the need to hire a full-time compliance officer as mandated by federal law for financial or designated non-financial businesses and professions (DNFBP) operating in the UAE. Moreover, DMCC's VAT Clinic facilitates members' access to tax advisors specializing in UAE VAT requirements. Members can get free consultations on VAT compliance and related matters through the DMCC Member Portal.
Setting Up Businesses in DMCC
With over 24,000 companies, ranging from innovative startups to global giants, DMCC stands as the epitome of thriving business environments. Monthly, more than 250 forward-thinking enterprises choose to join DMCC. These companies benefit from top-tier support services and cutting-edge infrastructure. Seamlessly connected by air, sea, and road, DMCC serves as a global hub of trade and enterprise. Recognized as the 'Global Free Zone of the Year' for nine consecutive years by the Financial Times fDi Magazine, DMCC's unparalleled success solidifies its status as the world's premier business destination.
The DMCC Business Centre simplifies the process of establishing a business in Dubai. It offers services for company formation, registration, and licensing. Operating within a free zone framework, businesses benefit from advantages like 0% corporate tax and full foreign ownership. Additionally, DMCC aids companies in acquiring work permits and visas for their staff. Their business services encompass:
- Setting up new businesses
- Opening branches
- Transferring existing businesses
- Establishing family offices
Here is how you can open your business in Dubai's dynamic trade hub:
Step 1: Discover
Businesses can utilize the business setup wizard to discover the ideal package tailored to their specific licensing needs. This tool provides personalized proposals, offering insights into the relevant process, requirements, and setup costs.
Step 2: Process
Experience a seamless journey with three simple steps:
- Submit your online pre-approval application to reserve your company name and obtain essential approvals from DMCC.
- Proceed with payment and document signing, facilitated through a video call for identity verification and electronic signature.
- Choose the office solution that best suits your needs and submit the necessary documents for DMCC to issue your E-license.
Step 3: Launch
You will receive your e-license within approximately 10 working days, empowering your business to thrive in DMCC's dynamic environment.
Benefits of Setting Up Your Business in DMCC
Business-friendly tax environments
You can enjoy a tax-friendly environment with 0% personal income tax. This allows you to maximize your profits from your business.
Prime location
DMCC offers a prime location in the heart of new Dubai. It provides direct access to ultra-modern transport, technology, and business infrastructure enhancing connectivity and accessibility for your business.
Flexible office solutions
You can benefit from flexible office solutions designed to accommodate diverse business needs. This ensures maximum adaptability and efficiency in your workspace.
100% Business ownership
With DMCC, you retain 100% ownership of your business. This allows you to repatriate all profits to your home country without any restrictions.
Member portal access
You can access DMCC services anytime, anywhere through the convenient DMCC Member Portal. The portal streamlines administrative processes and enhances convenience for members.
Vibrant community
You can be a part of Dubai’s most vibrant communities, comprising over 100,000 working professionals, residents, and visitors. This provides ample scope for networking and collaboration.
Extensive company connections
You can connect with over 24,000 companies from 180+ countries specializing in 900+ licensed activities. This will help in expanding your business network and open potential partnerships.
Simple setup process
You will benefit from their simple setup process and a variety of flexible, cost-effective licensing options. This makes it easier and more affordable to establish and operate your business within DMCC.
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