Business Setup in Dubai Multi Commodities Centre (DMCC)
Established in 2002, the Dubai Multi Commodities Centre (DMCC) was originally intended to provide a platform for a UAE-based commodities marketplace. Now, the DMCC is the largest free zone in the country with over 12,000 registered companies.
The DMCC is located in the Jumeirah Lakes Towers district of Dubai, directly off of Sheikh Zayed Road and opposite Dubai Marina. The free zone accommodates over 85,000 people in 66 towers with commercial and residential properties located throughout the site. With such a large selection of properties available, there is something for every industry. For SMEs searching for a streamlined and cost-effective free zone company formation, DMCC offers two business centres, managed by the free zone, with flexi-desks, serviced desks, and serviced offices.
For companies that require larger premises for their free zone business setup, the DMCC-owned and operated building, JLT One, allows businesses to lease entire floors. The DMCC is expanding its real estate offerings with the Burj2020 District, which will include a new commercial tower surrounded by residential, commercial, and hotel towers to expand the DMCC’s thriving commercial and residential community.
As the UAE’s largest free zone, almost any sector can use the DMCC for free zone company formation. From professional services, such as legal consultancies, auditing and accounting services, and management consultancies, to residential services, such as restaurants, cafes, clothing stores, and spas, the DMCC is open to a wide range of industries.
For companies in the commodities, the DMCC provides specialised company set up in Dubai for diamonds, gold, tea, pearls, agro commodities, and base metals. The DMCC Tradeflow online platform allows companies to easily register possession and ownership of commodities stored in the UAE.
The DMCC also offers financial products through its Dubai Shariah Asset Management (DSAM) system. The DSAM develops Shariah-compliant, commodity-focused investments, which makes the DMCC a compelling choice for company formation in Dubai. The free zone’s Dubai Gold and Commodities Exchange (DGCX) for trading gold, silver, and copper futures, making the DMCC an attractive option for precious metals investors looking for free zone business setup in Dubai.
DMCC Value Added Services
Unlike many free zones, the DMCC offers value added services through partnerships with vetted providers or through the free zone itself. Businesses that choose the DMCC for their free zone company formation in UAE can select from offers on insurance, recruitment, telecom, administrative services, and more. DMCC registered companies receive discounted rates from the free zone’s partners, though businesses are free to find their own providers.
Astrolabs Dubai for Technology Startups
For startups in the technology sector, the DMCC is home to Astrolabs Dubai, which is the only Google-partnered tech hub in the MENA region. As company formation costs can be prohibitive for startups, the DMCC offers a special license through Astrolabs Dubai for international and local startups, and entrepreneurs. Astrolabs Dubai offers a co-working space for collaboration as well as a quiet ‘coding cave’ for focused work. The tech hub sponsors networking events as well as seminars and workshops through its Astrolabs Academy to help startups refine their business processes and prepare for launch to a wider market.