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Set up business in Dubai Multi Commodities Centre (DMCC) u2013 the World Free Zone with prime location and the best facilities. Book consultation today.
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Dubai Multi Commodities Dubai Multi Commodities Centre (DMCC) Centre (DMCC) Business Set Business Set- -up up The The Dubai Dubai Multi Government Government of of Dubai commodity commodity market Poor’s Poor’s and and it it provides facilities facilities for for the the gold and andother othercommodities commoditiesindustries Multi Commodities Commodities Centre Dubai which market place place in in Dubai provides industry industry- -specific gold & &precious precious metals, industries. . Centre (DMCC) (DMCC) is is a a strategic which has has been been created Dubai. . It It has has been specific market market infrastructure metals, diamonds, diamonds, coloured strategic initiative created to to been rated rated ‘A’ infrastructure with coloured stones, initiative of of the establish establish a a ‘A’ by by Standard Standard & & with various stones,energy the various energy It has been home to more than 17,000 multinational companies, Small and It has been home to more than 17,000 multinational companies, Small and Medium Enterprises and start Medium Enterprises and start- -ups. The Gold and Precious Metals Industry ups. The Gold and Precious Metals Industry and the Diamonds and and the Diamonds andColoured ColouredStones Industry are supported by DMCC. Stones Industry are supported by DMCC.
Benefits of DMCC Business Set Benefits of DMCC Business Set- -up up 01 01 A 100% ownership of business License for a variety of business activities 02 02 Well-built infrastructure 03 03 Repatriation of capital and profits which is 100% 04 04
The types of licenses for a DMCC company The types of licenses for a DMCC company formation formation Industrial License Industrial License Trading License Trading License importing, consolidating, Allows distributing, storing almostall productstypes exporting, Allows the implementation of all light production activities that arespecified in the license. and Service License Service License Allows the carrying out of service or consultancy specified in thelicense. activities
The types of licenses for a DMCC company The types of licenses for a DMCC company formation formation Commercial License Commercial License the trading permitted goods. Branch Company Branch Company Allows to open a branch of an existing enterprise which is already doing businessin DMCC freezone Allows of any
Services Provided by DMCC Services Provided by DMCC 6 Licensing Licensing Visa Visa Land Landdevelopment development Advertising Advertisingand signage signage and Registration Registration
Services Provided by DMCC Services Provided by DMCC Planning and Planning and approvals approvals Access cards Access cards Property leasing and Property leasing and purchase purchase Immigration Immigration ID ID
Services Provided by DMCC Services Provided by DMCC 8 Serviced offices and Serviced offices and flexi desks flexi desks Phone lines and Phone lines and telecom telecom Utilities Utilities Care hire Care hire Office fitting Office fitting
Services Provided by DMCC Services Provided by DMCC 9 Insurance services Insurance services Compliance and Compliance and regulation advisory regulation advisory Salary certificates Salary certificates Letters Letters Advisory services Advisory services
The Documents Required The Documents Required Online Pre-approval application form Copy of the passport of company shareholders, manager, secretary representative director, legal and
Know Your Client form for shareholder, director, manager, secretary and legal representative Letter of No Objection from sponsor for director, manager, secretary and legalrepresentative shareholder, Specimen shareholder, secretary and legalrepresentative signature director, form manager, for Shareholder’s resolution
Memorandum of Association and Articles of Association Undertaking letter for share capitaldeposit Proof of residential address in country of residence Copies company documents of parent
Third-party approval for certain regulated business activities Details of an office address in DMCC Free Zone (after company registration)
The Process of Business set The Process of Business set- -up in DMCC up in DMCC 05 05 01 01 04 04 02 02 03 03 Submission of initial request on the official website Filling in all the registration details and paying the fees Provide the documents for the license and after approval you obtain it. After obtaining the license, visas, residency permit and other such permits can be applied for. Provide all the necessary documents.
The Types of office facilities available The Types of office facilities available 02 02 01 01 03 03 Small Fitted Flexi Desk Business Office Centre Office 05 05 04 04 06 06 Physical Office Physical Office Retail Shop for Lease for Sale
Business Activities Permitted in DMCC Business Activities Permitted in DMCC Agriculture, Fishing, Mining and quarrying, Manufacturing, Electricity, gas and water, Construction ,Trading and repairing,Hotels and restaurants, Transport, storage and communications, Financial services, Real estate and business services, Education, Health and social work, Other community, social and personal services.
The Products of Dubai Multi Commodities Business Centre The Products of Dubai Multi Commodities Business Centre 1. Properties 1. Properties DMCC has a wide range of commercial and residential properties that can berented or purchased Features Features Variety of office types suiting the size and types of business • activities Commercial sales or leasing of property • Very competitive prices • Prime real estate centrally located • Advanced infrastructure • Easy access to sea portsand airports •
The Products of Dubai Multi Commodities Business Centre The Products of Dubai Multi Commodities Business Centre 2 2. .Silver SilverBusiness BusinessCentre Centre It provides a prime business address along with support services. A first-class working environment, highly advanced technology and modern facilities can be enjoyed. 3 3. .CORE CORECommercial Commercial It is DMCC’s partner in real estate brokerage. They help in purchasing or leasing of commercial and residential properties.
The Products of Dubai Multi Commodities Business Centre The Products of Dubai Multi Commodities Business Centre 4 4. .Concordia Concordia It is a service provider in the field of Integrated Facilities Management. It provides a variety of Facilities Management services for residential and commercial properties.
The DMCC Financial Services The DMCC Financial Services DMCC DMCC Tradeflow Tradeflow is is a a flexible used used to to register register the are arestored storedin in UAE UAE- -based flexible and the possession possession and basedfacilities facilities. . and customized customized online and ownership ownership of of the online platform platform which the commodities commodities that which is is that DMCC DMCC Tradeflow Tradeflow was from from a a warehouse warehouse receipt commodity commodity trade trade in in the unique unique platform platform was trade trade finance finance market transactions transactions. . was established established in in 2004 receipt system system to to serving the UAE UAE as as part part of of the was basically basically launched launched to to address market and and over over the the years 2004 and serving as as the the Government Government of of Dubai address a a gap years has has witnessed witnessed an and since since then then has the regulator regulator of of Dubai. . The gap in in the the regional an increase increase in in has evolved evolved DMCC DMCCTradeflow Tradeflow The regional It It now now provides provides a a range to to facilitate facilitate collateral Finance Finance solutions solutions. . The expansion expansion of of it it and innovative innovative trading trading platforms demands demandsof ofemerging emergingmarkets range of of online collateral financing, financing, jewellery The consistent consistent high and has has also also resulted platforms that marketssuch online services services that jewellery financing high performance resulted in in the that specifically specifically cater suchas asIndia Indiaand that are financing and performance is is leading the development development of of various cater the the trade andChina China. . are specifically specifically designed and provide provide Islamic leading to to the designed Islamic the various finance trade finance
The DMCC Financial Services The DMCC Financial Services Dubai Shariah Asset Management Dubai Shariah Asset Management Dubai Shariah Asset Management (DSAM) is a joint-venture Islamic finance initiative between the Dubai Commodity Asset Management, a DMCC division, and the Islamic finance provider Shariah Capital. It aims to develop Shariah-compliant commodity-focused investments. The first product is an exclusive series of single strategy, transparent hedgefundsthat are registered on the Al Safi Trustplatform and are marketed under the DSAM Kauthur brand. The Al Safi Trust basically ensures that the investment assets are directed into separately managed accountsatBarclaysCapital New York.
The DMCC Financial Services The DMCC Financial Services Dubai Gold and Commodities Exchange Dubai Gold and Commodities Exchange The Dubai Gold & Commodities Exchange (DGCX) commenced trading in November 2005 as the regions first commodity derivatives exchange. DGCX is basically a subsidiary of Dubai Multi Commodities Centre (DMCC) which is a strategic initiative of the Government of Dubai, with a mandate to enhance commodity trade flows through the Emirate by providing the appropriate market, physical, financial infrastructure and services required.
The various clubs at Dubai Multi The various clubs at Dubai Multi Commodities Centre Commodities Centre 1. Food Trade Group 1. Food Trade Group It helps in increasing your sales by meeting suppliers that are involved in both food trade and other related industries. Mitigation of risk, gaining market insight, easier access to finance and access to all trade data are some other advantagesof the club.
The various clubs at Dubai Multi Commodities Centre The various clubs at Dubai Multi Commodities Centre 2. Energy Club 2. Energy Club The Energy Club holds regular collaborative meetings between energy industry participants irrespective of the location of their activity. The basic purpose of the Energy Club is to share know-how and act as a platform for the members where they can ask questions or share any ideas that may improve the industry. It provides news and views throughout the industry including economic, technical, legal and all other relevant areas with member’s support. It ensures the privacy of the members and operates under the Chatham HouseRule.
The various clubs at Dubai Multi Commodities Centre The various clubs at Dubai Multi Commodities Centre 3 3. .Maritime MaritimeClub Club It gives members the access to Dubai Maritime Intelligence and provides research opportunities. It acts as a platform that has provided excellent networking prospects. And the opportunity to meet maritime professionalsfrom across theregion. 4 4. .Astrolabs Astrolabs It is a Google Partnered tech centre. It provides a special license which enables start-ups to work in a collaborative community of like-minded entrepreneurs with zero upfront costs.
Frequently Asked Questions Frequently Asked Questions What is the minimum number of directors? What is the minimum number of directors? The minimum number of directors is one. Is the import and export of goods allowed? Is the import and export of goods allowed? Yes, the import and export of goods is allowed. Are accommodation facilities available? Are accommodation facilities available? Yes, accommodation facilities are available. Is there 100% foreign ownership? Is there 100% foreign ownership? Yes, there is 100% foreign ownership.
Dubai Multi Commodities Centre Company Formation: Dubai Multi Commodities Centre Company Formation: N R Doshi & Partners N R Doshi & Partners We are a top auditing firm based in Dubai. We have been in the business for more than 30 years and have professional team of experts that guide our clients personally. We provide our clients with all the required support. We customize packages for business set-up for our clients. We assist professional in every manner throughout the entire process of company formation and license obtaining. We guide our clients through all the procedures and help them in establishing their business within a timeframe.
