Dubai Multi Commodities Centre (DMCC) Free Zone
The Dubai Multi Commodities Centre Free Zone (DMCC) is the largest free zone in Dubai and it was founded by the government in 2002 with the purpose of providing a trade corridor for diamonds and stones, jewelry and energy commodities through Dubai. Dubai DMCC encompasses today more than 10,000 companies and their number is still growing. The Dubai Multi Commodities Centre’s credit rating is “A” , according to Standard and Poor’s.
DMCC is the authority that registers and licenses companies in JLT, provides visa and other related government services.
Legal business structures in DMCC Free ZoneFree Zone Limited Liability Company (FZ LLC): An FZ-LLC can be incorporated in DMCC Free Zone with Individual or Multiple Shareholders. Branch of a company: A Branch office of a local or foreign company can be incorporated in the DMCC Free Zone. Subsidiary: A Subsidiary of a local or foreign company can be incorporated within the DMCC Free Zone. A Representative Office can also be set up.
Benefits of company incorporation in the Dubai Multi Commodities Centre Free Zone:
- 100% foreign business ownership
- Zero personal and corporate tax rate
- 100% capital repatriation
- No currency restrictions
- Unique industry clustering and purpose-built infrastructure