Join the largest Freezone in the UAE
The Dubai Multi Commodities Center (DMCC) Freezone is the largest Free Trading Zone in the UAE, hosting over 15,000 businesses from various sectors and industries worldwide. It has been consistently ranked as the Number One Global Free Zone by the Financial Times FDi magazine for four consecutive years.
The DMCC Freezone is particularly well-suited for businesses operating in areas such as cryptocurrencies, gold, base metals, blockchain technology, start-ups, and more.
It offers a vibrant ecosystem tailored for innovators, featuring a mix of established and new companies, entrepreneurs, top-notch infrastructure, and disruptive ideas. Located in the heart of Dubai, it provides an ideal environment for businesses to thrive and flourish within this dynamic and progressive city.
DMCC is strategically situated in Jumeirah Lake Towers (JLT), offering easy access to Dubai Marina, JBR, and other popular spots in Dubai, all within 5 minutes. Additionally, it is just 15 minutes away from the EXPO 2020 site.
The free zone plays a pivotal role in supporting commodity trading, housing organizations like the Dubai Diamond Exchange (DDE), the Dubai Good Delivery Standard (DGD) for Gold, the Dubai Pearl Exchanges (DPE), DMCC Tradeflow, the DMCC Tea Centre, and the DMCC Coffee Centre.
DMCC focuses on facilitating trade in various sectors, including Gold, Diamonds, Cryptocurrencies, Tea, Coffee, Pearls, Spices, Agro, and Base Metals. Beyond these, it has evolved into a flourishing marketplace for financial services and an expanding range of specialist industries.
Notably, DMCC has taken a prominent role in the crypto and blockchain ecosystem in the region, establishing its own in-house crypto center and leading the way in advancing these technologies within Dubai and its surroundings.
DMCC offers a host of attractive benefits for businesses and individuals:
Access to a leading CRYPTO and BLOCKCHAIN ECOSYSTEM, with DMCC having their very own in-house CRYPTO CENTRE.
0% PERSONAL AND CORPORATE INCOME TAX, providing a tax-friendly environment for businesses and individuals.
STRATEGIC LOCATION – Situated in the heart of Dubai, DMCC enjoys fast and easy access to the airport, Jebel Ali Port harbor, and the Expo2020 site.
100% BUSINESS OWNERSHIP – Foreign investors can own 100% of the company they set up, allowing for full control and ownership.
WORK IN A VIBRANT COMMUNITY – With nearly 92,000 residents living and working in DMCC, it offers a dynamic and thriving community, complemented by a striking waterfront and beautiful community park.
THRIVING BUSINESS CENTRE – Being home to over 15,000 member companies from more than 170 countries, DMCC provides ample opportunities for networking and business growth.
FLEXIBLE SOLUTIONS – DMCC offers various business activities, allowing companies to set up as a branch, subsidiary, or new limited liability company (LLC), providing flexibility to suit individual business needs.
That’s correct. In DMCC, the company form available is the Limited Liability Company (LLC). As a legal entity, it operates under the rules and regulations set by the Dubai Multi Commodities Center. The LLC has its own Memorandum and Articles of Association (MoA and AoA), which outline the company’s structure, objectives, and operating procedures.
The business activities that a company can undertake are determined by the activities listed on its license. Only the activities specified on the license are permitted to be conducted by the company within the DMCC jurisdiction. This ensures compliance with the regulations and ensures that businesses operate within the designated scope of their license.
DMCC provides several crypto-associated activities for businesses interested in the blockchain and cryptocurrency space. These activities come with specific restrictions and regulations. Here are the available options:
Distributed Ledger Technology Services: This license allows businesses to provide ancillary services and database management solutions based on ledger technology like Blockchain. However, trading or creating an exchange for currencies (including cryptocurrencies) and commodities, as well as providing payment processing, brokerage, or financial services, is not allowed.
Proprietary Trading in Crypto-commodities: This activity permits buying and selling crypto-assets developed on ledger applications. However, businesses cannot offer these services to others.
NFTs E-Marketplace Provider: This license allows businesses to operate an online platform for buying and selling 3rd party NFTs (Non-Fungible Tokens). Interactions between buyers and sellers can be facilitated, and a commission or fee may be charged. However, using the platform for trading or promoting any crypto assets (including currencies) or NFTs is prohibited.
Metaverse Service Provider: This license is for those involved in hosting and developing virtual (digital) environments that allow simulated interactions between people. However, trading in crypto assets or creating/issuing tokens that are traded on exchanges is not permitted under this license.
DMCC also offers an In-house Crypto Center, which provides various services:
The rental cost for the In-house Crypto Center starts from AED 29,000.00 for one year.
It’s important to note that managing 3rd party capital is strictly prohibited in all these crypto-related activities provided by DMCC
Absolutely, acquiring a license from DMCC comes with the benefit of visa allocations for employees or partners. The number of visa allocations varies depending on the type of license and office space chosen. Here are the details:
License with Flexi Desk:
License with Office:
License General Trading with Office:
