DMCC is a strategic project of the Dubai government with a mission to improve commodities trade flows through the Emirate by providing the necessary physical, market, financial, and logistical infrastructure. DMCC successfully attracts key participants throughout the entire value chain of a wide range of commodities sectors, as well as a range of businesses from shipping to recruitment, IT to advertising, and more, by providing a fit-for-purpose regulatory framework, modern infrastructure, freehold property, innovative products, and cost-effective, value-added services.
The Jumeirah Lakes Towers (JLT) Free Zone is one of Dubai's major mixed-use developments, and DMCC is the master developer and licensing authority. JLT is a 200-hectare mixed-use waterfront master development that facilitates both business and community living by selling and leasing commercial, residential, and retail property. Jumeirah Lakes Towers is more than just a project or a free zone; it's a vibrant community with over 25,000 residents and over 10,000 people employed in the free zone.
JLT is a five-minute drive from the beach and marina and is located between two metro stations, about 45 minutes from Abu Dhabi. With a variety of retail outlets ranging from restaurants to coffee shops, hotels, leisure facilities, and supermarkets, JLT is a great place to visit if you're searching for a new experience in Dubai. Not to mention the lakes, which are perfect for walking, cycling, or strolling with friends and family.
Over 3,000 firms have been registered with DMCC, with 90 percent of new registrations coming from companies that are new to Dubai, including multinational corporations, key regional industry participants, as well as small and medium-sized businesses and entrepreneurs.
DMCC has put in place a rigorous compliance and regulatory regime that complies with the UAE Federal Government's compliance rules and regulations as well as international standards.
Dubai Multi Commodities Centre allows following types of companies or business entities within its premises:
- Limited liability company as a newly formed entity with single or multiple shareholders
- Limited liability company as a wholly owned subsidiary of local or foreign company
- Branch of local or foreign company
The complete processing time would take 2-4 weeks.