The Dubai Multi Commodities Centre (DMCC) was established in 2002, with a mandate to provide the physical, market and financial infrastructure required to set up a commodities market place in Dubai. It offers a unique opportunity for market participants in a wide range of commodities industries in four broad sectors including precious commodities (gold, diamonds, coloured stones and pearls), energy related sectors (Liquid Natural Gas (LNG), reduction of greenhouse gas emissions, and development of oil storage infrastructure and plastics), Steel and Base metals and Soft agricultural commodities (tea, cotton and others).
DMCC is the master developer and licensing authority for the Jumeirah Lakes Towers (JLT) Free Zone, one of the largest mixed use free zone developments in Dubai. Situated in the heart of new dubai and serviced by two metro stations within the community, the JLT free zone is located on Sheikh Zayed Road, the main arterial connecting Dubai and Abu Dubai, and in close proximity to Jebel Ali Free Zone and ports, Al Maktoum International Airport, and Dubai Logistics Corridor.
Rated ‘A’ by Standard & Poor’s, the world’s foremost provider of independent credit ratings, DMCC is a free zone authority offering 100% business ownership, a guaranteed 50 year tax holiday and freehold property options.
Until January 2014, the DMCC Authority offered two types of licenses: DMCC and JLT. DMCC Free Zone companies operate in the commodities and related sectors, while JLT Free Zone companies operate across non-commodities related sectors. From February 2014, the authority licenses all activities under the one DMCC license. All companies previously licensed under the JLT license will progressively transfer to a DMCC license.
3. TYPES OF LICENSES:
DMCC offers the following types of Licenses-
If you wish to have further information on DMCC or any other free zones in the UAE, please feel free to contact us at email@example.com to arrange for a consultation meeting with one of our corporate team.