Formerly known as Dubai Metals and Commodities Centre, Dubai Multi Commodities Centre(DMCC) is the ideal business base for Dubai and the UAE, with over 15000 companies functioning here. Located in the heart of new Dubai, DMCC is the largest and fastest growing free zone in UAE. The free zone facilitates trade across various commodity groups that include gold, diamond, tea, pearls, agro and base metals.
Dubai Multi Commodities Centre (DMCC)—Global Free Zone of the Year for four years in a row—is office to 15,000 plus companies, with a further addition of 100 plus license every month.
The free zone is open to almost every legitimate business activity. Its range of flexible office solutions—which include flexi-desk, and serviced, multi-storey office blocks—makes it ideal for businesses of all sizes.
Benefits of Business Setup in DMCC
- Complete ownership of business
- 100% direct tax-free
- Full capital repatriation
- Simple licensing procedures
- ‘Plug and play’ office installations
- Strategic location
- International commodity centre
- Flexible office solutions
Types of licenses:
- General Trading License – Permits the import, export, distribution, consolidation and storage of products, excluding a few restriction
- Service License – In service or consultancy activities that are specified in the license.
Business Activities :
✓ Professional activities
✓ Transport, storage, and communications
✓ Mining and quarrying
✓ Manufacturing
✓ Trading and repairing
✓ Other community, social, and personal service
✓ Hotels and restaurants
✓ Fishing
✓ Diamond/Gold trading
✓ Electricity, gas, and water supply
✓ Health and social work
✓ Education
Advantages of Setting Up a Business in a UAE Free Zone
- The main advantage offered by the UAE free zones is that foreign investors can retain 100% ownership of their businesses without the need for a local partner.
- Outside of free zones, non-UAE residents are not allowed a majority stake in the business if that business requires a commercial or industrial licence, and must therefore set up with a local partner who takes minimum ownership of 51%.
- Other financial incentives of the UAE free zones include a 0% corporate and income tax rate, no customs duties levied on imports and exports, and the option to repatriate 100% of the profits from the business.
- Free zones are sector-specific. Another factor that can present fantastic opportunities to free zone companies is that many of the UAE free zones are sector specific. This gives its entrepreneurs ready access to a hub of knowledge and expertise from others within their field.
FOR MORE INFORMATION, CONTACT US :
Phone : +971 52 1952 532 / +971 4 240 1110
Mail-Id : info@yugaaccounting.com
Website : www.yugaaccounting.com