The Dubai Multi Commodities Centre (DMCC) was established in 2002 with a government backed mandate to provide the physical, market and financial infrastructure required to establish Dubai as a hub for global commodities trade.
The DMCC is strategically located in the heart of Dubai with easy access to the famous Sheikh Zayed road, the Expo 2020 site, Jebel Ali Seaport and the city’s two airports, the Dubai International Airport and the Al Maktoum International Airport. It’s also just a 60-minute drive to Abu Dhabi, the nation’s capital.
The prestigious Jumeirah Lake Towers (JLT) consist of 66 distinctively designed towers; this is where the DMCC is located. Due to the rapid growth of this business community, the DMCC authorities announced plans to build the Burj 2020 business district, including plans to construct the world’s tallest commercial tower.
Benefits of DMCC Membership
The 15,000 members of DMCC companies in the UAE enjoy access to market infrastructure and physical facilities such as gold and diamond vaults and trading platforms like the following:
Dubai Diamond Exchange
Dubai Gold & Commodities Exchange
DMCC Trade Flow
The Dubai Pearl Exchange
Real Estate
The Dubai Shariah Asset Management (DSAM)
The DMCC Tea Centre
A range of commodities backed by financial investment options
There are different commodity groups in the DMCC such as: Gold, Diamonds, Pearls, Tea, Coffee, Spices, Base Metals, etc.
In 2003, the UAE implemented the Kimberley Process Certification Scheme (KPCS), to control the flow of “blood” diamonds into the market and to reassure customers of the source of diamonds they are purchasing. Nowadays, the DMCC serves as the country’s only entry and exit point for rough diamonds.
In addition, the Dubai Good Delivery (DGD) is an international benchmark developed by the DMCC for quality in the production of gold and silver. The DMCC also offers compliance training sessions to its members in accordance with the OECD guidelines (Organisation for Economic Co-operation and Development).
Take Advantage of the DMCC with Europe Emirates Group
Company set up in the DMCC free zone is very easy and straightforward, as all the processes in the region are fully automated to avoid the usual bureaucratic problems associated with many governmental agencies.
Business licence types in DMCC include:
Trade Licence
Service Licence
e-Commerce Licence
General Trading Licence.
Europe Emirates Group is an endorsed agent of the DMCC and a proud member of this prestigious Free Zone Authority.
Our head office is located in the Platinum Tower, which is one of the beautifully designed Towers in the JLT. We will assist in your DMCC inquiry, straight from the incorporation process through to determining your business formation type. We also offer legal consultation about DMCC company regulations and will be by your side until you ultimately acquire the trade or service licence you require.
The following documents are required for DMCC company formation:
Application Form
Business Plan
Letter of Intent
Financial Report
Company Profile
Bank Statement
Letter of Recommendation from bank
Passport Copy & CV
Power of Attorney
If you are interested in setting up a company in the DMCC today, please contact us here and we’ll get started.
Written by
Adrian Oton
CEO, Europe Emirates Group
