Why Should You Start a Business in the DMCC?

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.

dmcc companies in dubai 

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). 

dmcc free zone company formation

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

Adrian Oton
CEO, Europe Emirates Group

UAE Setup Guide

Free Trade Zones
Related Post
Free Trade Zones 13 August 2016

DAFZA Seeks To Support More Spanish Firms

Free Trade Zones 1 August 2017

Hello, Startup - Subsidised Assistance Scheme Free Zone Company From 11,500 AED

Free Trade Zones 19 September 2017

UAE Free Zones - an Overview of the Star Players

Free Trade Zones 14 March 2018

Dubai Free Zone Company Formation - General Free Zones/DMCC

Free Trade Zones 16 April 2018

Ras-Al-Khaimah International Companies

Free Trade Zones 13 June 2018

Umm Al Quwain Free Zone – Attractive Hidden Benefits

Subscribe to our Newsletter
Sign up for our monthly news and updates about company regulations worldwide.