Overview
The Dubai Multi Commodity Centre (DMCC), housed at Jumeirah Lakes Towers, was created with business in mind and offers all the tools required to launch, expand, and grow your enterprise. With a lively community, cutting-edge infrastructure, first-rate services, and an incredible assortment of properties, DMCC is conveniently located near great air, sea, and road links to the rest of the globe. For the past nine years running, it has been named the “Global Free Zone of the Year”. DMCC was founded in 2002 and now acts as a one-of-a-kind global hub for more than 13,000 companies operating in a variety of sectors and industries, including energy, banking, agriculture, and the production of gold, diamonds, and base metals.
Beside Sheikh Zayed Road, between interchanges 5 and 6, is where you’ll find the Dubai Multi Commodities Center. It’s a well-known project and undoubtedly one of Dubai’s most identifiable sites with its 79 structures. In this instance, property owners may own and develop skyscrapers freehold.
Benefits of setting up a business in (DMCC)
Objectives
Permitted Activities
DMCC is the perfect choice for starting a trading business especially in Gold, Diamonds, and other goods (Trading listed products such as grains, cooking oil, oil products, colored metals, industrial raw materials, etc.)
Industry Specific benefits in DMCC
Diamonds and Precious Stone Trading
Dubai's position as the third-largest diamond trading hub in the world has been cemented by DMCC's government-backed Dubai Diamond Exchange (DDE), which has also made it possible for it to connect producers in Africa, cutting centers in Asia, and European consumer markets.
DDE offers precious stone dealers and service providers the assurance of belonging to an internationally renowned network for governance and trade practices, as well as the distinct benefit of having access to several international markets along the whole supply chain.
DDE offers its members the security and confidence that the companies they trade with are respectable and fully comply with the World Federation of Diamond Bourses' (WFDB) strict code of ethical business practice. It is the only bourse in the GCC affiliated with the WFDB and the only legitimate entry and exit point for rough diamonds in the nation.
Crypto currency and Blockchain
The standing that DMCC is gaining in the virtual asset market is impressive. In large part because to the influence of The DMCC Crypto Centre which was inaugurated in 2021 and is now home to the highest concentration of crypto and blockchain enterprises in the region.
Since DMCC was the first government in Dubai to provide crypto currency licenses, more than 500 crypto currency companies have made their home there, all of which profit from the top-notch infrastructure and services DMCC has built.
The center is an all-encompassing ecosystem that draws crypto currency enterprises of all kinds, from trading platforms powered by blockchain technology to organizations that issue, list, and trade digital assets.
