DMCC Free Zone – Dubai Multi Commodity Center

The Dubai Multi Commodities Centre – DMCC Free Zone – is a strategic initiative of the Dubai government created to establish a commodity market place in Dubai. Rated ‘A’ by Standard & Poor’s, it provides industry-specific market infrastructure and a full range of facilities for the gold & precious metals, diamonds & coloured stones, energy and other commodities industries.

DMCC is also a free zone authority offering 100% business ownership, a guaranteed 50 year tax holiday and freehold property options.

Launched in 2002, this strategic government initiative has been established to support the specific needs of its core segments – Gold & Precious Metals, Diamonds & Coloured Stones, Energy and Other Commodities industries.

The objectives of this progressive Centre include:

• Creation of a dedicated market place in Dubai.
• Increase the value and volume of commodities traded in and through the region.
• Facilitation and integration of the entire value chain of its key segments.
• Broaden the local market horizon e.g. Refining, Manufacturing, Trade.
• Create industry specific market infrastructure for its core segments, innovate new products and services.
• Provide a supportive business environment through purpose-built infrastructure.
• Promote regional industry growth.
• Enhance local industry through implementation of international standards.
• DMCC is a free zone authority offering market participants of the commodities industry and support services invaluable business incentives, including:
• 100% business ownership.
• A guaranteed 50-year tax holiday on personal and income taxes.
• Purpose-built infrastructure available on a freehold or leasehold option.
• A one stop shop facility for processing of all documentation including immigration, registration and licensing.

Facilities of DMCC Free Zone

DMCC’s 200-hectare development will include the Almas Tower (meaning Diamond in Arabic), the AU Tower and the Ag Tower, in addition to plots of land allocated for special manufacturing operations, located in close proximity to Dubai’s emerging projects and developments. Each purpose-built tower will have facilities that enhance trading and will provide commercial and support facilities for market participants in DMCC’s specialized segments; gold & precious metals, diamonds & coloured stones and commodities.

DMCC Free Zone offers its members services ranging from registration and licensing to general services that ease the process to start a business in Dubai. This “One Stop Shop” strategy allows member companies to complete the employee affairs procedures, renewal of residence permits and issuance of visas, traffic affairs, and vehicle registration through DMCC itself.

Key Benefits of DMCC Free Zone

• Unique World wide centre Industry Clustering.
• 100% Business Ownership.
• Purpose built infrastructure.
• Ability to purchase premises.
• World class security systems.
• Single Window Clearances (incl. Licensing, Immigration, etc).
• Preferential freight rates.
• Guaranteed 50 year tax holiday on personal and income taxes.
• Regulated environment.
• No foreign exchange controls or barriers to entry No restrictions on capital repatriation.

DMCC Free Zone’s planned market infrastructure developments will strengthen Dubai’s position as the leading regional centre for precious metals. Facilities will include the following.

• High tech, secure vault facilities.
• Assaying facilities.
• Settlement.
• Package delivery.
• Shipment facilities.
• Preferential rates – bullion freight.
• A purpose-built Jewellery and Gemplex to facilitate the manufacture of precious metal jewelry.
• A commercial tower to house wholesale, trading and banking operations.

DMCC Free Zone will create a level playing field for all participants of the gold industry by introducing transparent and fair rules for business conduct. The introduction of a Code of Conduct for the supervision of the bullion enterprises within the Centre to ensure that they abide by the highest international standards. Dubai already has an impressive history in the gold market, but the future is even more exciting.