Dubai Multi Commodities Centre (DMCC Free Zone)
The Dubai Multi Commodities Centre (DMCC), a strategic initiative of the Government of Dubai, 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).
The Centre aims to attract key players throughout the entire value chain of each of these commodity sectors, together with relevant support industries such as finance, logistics and insurance.
DMCC was the first UAE free zone authority to offer freehold business premises, in addition to all other standard free zone services. These comprise a 50-year holiday on personal and income taxes, full foreign ownership of business and a one-stop shop facility for processing of all documentation including immigration and licensing needs.
Rated A by Standard & Poor’s Ratings Services, DMCC is the first entity in Dubai and the second in the UAE to receive a full interactive rating from the worlds leading provider of independent credit rating