The Dubai Multi Commodities Centre, sometimes known as DMCC, is one of the biggest free zones in the emirate of Dubai. The Dubai Multi Commodities Center Free Zone, which opened in 2002, has received numerous accolades in recent years, including being named the free zone with the fastest rate of expansion in the world.
The DMCC is a popular choice among foreign entrepreneurs interested in establishing firms in Dubai because of the many advantages it brings. Let’s look at some of the benefits of DMCC and why you should start your business there.
The Reasons For Starting a Business in Dubai Multi Commodities Centre (DMCC)
To encourage Dubai as a center for international commodities trade, the Dubai Multi Commodities Centre (DMCC) was founded in 2002 with support from the government.
With quicker access to the Sheikh Zayed Road, Jebel Ali Seaport, the Expo 2020 site, and the two airports serving the city—Dubai International Airport and Al Maktoum International Airport—the DMCC is strategically situated in the center of Dubai. A 60-minute trip will also get you to Abu Dhabi, the nation’s capital.
The DMCC strikes a nerve with business owners all over the world and is one of the best locations in Dubai for free zone business setup. There are countless other reasons as well why it is an ideal free zone to start a business.
DMCC is a true “place of trading” as it offers a vibrant community, innovative infrastructure, top-notch services, and a surprising variety of properties, all just a short drive from excellent air, sea, and road connections to the rest of the globe.
The Free Zone designation, modern business and residential properties, exclusive commodities, and first-rate financial services place DMCC in a league of its own. The investment that is still being made in cutting-edge business services and the most creative, networked infrastructure makes dealing from here a breeze! So if you want to know more about a DMCC business setup then you’re at the right place!
Activities for DMCC
People often think about a company formation in Dubai UAE but often drop the idea because they are confused about the activities. That’s not a worry anymore! The DMCC Free Zone, as its name implies, caters to investors interested in trading a variety of commodities. Our list includes the following:
Precious metals like gold, silver, diamonds, platinum and precious stones can all be traded in the DMCC, as well as FMCG items like tea, coffee, and spices. Base metals like iron and steel, as well as cotton and other types of commodities, can also be exchanged in the DMCC, as well.
Currently, more than 15,000 businesses are active in the Dubai Multi Commodities Centre Free Zone, engaging in a variety of activities such as trading, providing consulting services, and fund management.
Benefits of Starting a Business in DMCC
Great Registration Process
Since time is one of the most valuable resources in business, the DMCC Authority has recognized the need of providing a rapid and straightforward company registration process to draw in more investors.
In DMCC, registering a company is done online and takes just 7 working days. The incorporation charge, which is one of the lowest in Dubai, is all that the investors need to pay, after which they only need to wait for the DMCC Authority to provide the company’s certificate of registration.
The fact that the free zone is located directly in the middle of the emirate, close to the Jumeirah Lake Towers neighborhood, is another fantastic advantage of the Dubai Multi Commodities Centre. Depending on the demands of the business, it provides a variety of facilities, including offices and warehouses.
There are many other benefits such as:
– 100% foreign ownership of businesses
– 0% personal and corporate tax rate
– 100% capital repatriation, and no exchange rate limits.
– Wide range of legal business activity
– Special industry clustering and purpose-built infrastructure
– Regular networking opportunities at DMCC events
– Flexible office alternatives like serviced offices, flexi desks, and shared offices
– The potential for shareholders and employees to get work and residency visas
The DMCC is a good place for a business setup, but if you are looking to start your business somewhere else, then our second option is definitely the DAFZA Free Zone.
If you are planning on starting your business in DMCC then that is a great idea and now we hope you are more affirmative about your decision because of all the reasons mentioned above. We wish you luck and hope that your business is successful in DMCC, which we are sure it will!