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Dubai multi commodities centre (dmcc)
- 2. Dubai Multi Commodities Centre(DMCC) Business Set-up The Dubai Multi Commodities Centre (DMCC) is a strategic initiative of the Government of Dubai which has been created to establish a commodity market place in Dubai. It has been rated ‘A’ by Standard & Poor’s and it provides industry-specific market infrastructure with various facilities for the gold & precious metals, diamonds, coloured stones, energy and other commodities industries. It has been home to more than 17,000 multinational companies, Small and Medium Enterprises and start-ups. The Gold and Precious Metals Industry and the Diamonds and Coloured Stones Industry are supported by DMCC.
- 3. 01 02 03 04 Benefits of DMCCBusiness Set-up A 100% ownership of business License for a variety of business activities Well-built infrastructure Repatriation of capital and profits which is 100%
- 4. Trading License Allows importing,exporting, distributing, consolidating, and storing almost all products types Service License Allows the carrying out of service or consultancy activities specified in the license. Industrial License Allows the implementation of all light production activities that are specified in the license. The types of licenses for a DMCC company formation
- 5. Branch Company Allows toopen a branch of an existing enterprise which is already doing business in DMCC free zone Commercial License Allows the trading of any permitted goods. The types of licenses for a DMCC company formation
- 6. 6 Visa Land developmentLicensing Registration ServicesProvided by DMCC Advertising and signage
- 7. Access cards Propertyleasing and purchase Planning and approvals ID Services Provided by DMCC Immigration
- 8. 8 Phone lines and telecom UtilitiesServicedoffices and flexi desks Office fitting Services Provided by DMCC Care hire
- 9. 9 Compliance and regulation advisory SalarycertificatesInsurance services Advisory services Services Provided by DMCC Letters
- 10. The Documents Required OnlinePre-approval application form Copy of the passport of company shareholders, manager, director, secretary and legal representative
- 11. Know Your Clientform for shareholder, director, manager, secretary and legal representative Letter of No Objection from sponsor for shareholder, director, manager, secretary and legal representative Specimen signature form for shareholder, director, manager, secretary and legal representative Shareholder’s resolution
- 12. Memorandum of Association andArticles of Association Undertaking letter for share capital deposit Proof of residential address in country of residence Copies of parent company documents
- 13. Third-party approval for certainregulated business activities Details of an office address in DMCC Free Zone (after company registration)
- 14. The Process ofBusiness set-up in DMCC 01 02 03 04 05 Submission of initial request on the official website Filling in all the registration details and paying the fees Provide all the necessary documents. Provide the documents for the license and after approval you obtain it. After obtaining the license, visas, residency permit and other such permits can be applied for.
- 15. The Types ofoffice facilities available 02 03 04 05 06 Flexi Desk Small Fitted Office Business Centre Office Physical Office for Lease Physical Office for Sale Retail Shop 01
- 16. Business Activities Permittedin DMCC Agriculture, Fishing, Mining and quarrying, Manufacturing, Electricity, gas and water, Construction , Trading and repairing, Hotels and restaurants, Transport, storage and communications, Financial services, Real estate and business services, Education, Health and social work, Other community, social and personal services.
- 17. The Products ofDubai Multi Commodities Business Centre • Variety of office types suiting the size and types of business activities • Commercial sales or leasing of property • Very competitive prices • Prime real estate centrally located • Advanced infrastructure • Easy access to sea ports and airports DMCC has a wide range of commercial and residential properties that can be rented or purchased 1. Properties Features
- 18. The Products ofDubai Multi Commodities Business Centre 2. Silver Business Centre It provides a prime business address along with support services. A first-class working environment, highly advanced technology and modern facilities can be enjoyed. 3. CORE Commercial It is DMCC’s partner in real estate brokerage. They help in purchasing or leasing of commercial and residential properties.
- 19. The Products ofDubai Multi Commodities Business Centre 4. Concordia It is a service provider in the field of Integrated Facilities Management. It provides a variety of Facilities Management services for residential and commercial properties.
- 20. The DMCC FinancialServices DMCC Tradeflow DMCC Tradeflow is a flexible and customized online platform which is used to register the possession and ownership of the commodities that are stored in UAE-based facilities. DMCC Tradeflow was established in 2004 and since then has evolved from a warehouse receipt system to serving as the regulator of commodity trade in the UAE as part of the Government of Dubai. The unique platform was basically launched to address a gap in the regional trade finance market and over the years has witnessed an increase in transactions. It now provides a range of online services that are specifically designed to facilitate collateral financing, jewellery financing and provide Islamic Finance solutions. The consistent high performance is leading to the expansion of it and has also resulted in the development of various innovative trading platforms that specifically cater the trade finance demands of emerging markets such as India and China.
- 21. Dubai Shariah AssetManagement Dubai Shariah Asset Management (DSAM) is a joint-venture Islamic finance initiative between the Dubai Commodity Asset Management, a DMCC division, and the Islamic finance provider Shariah Capital. It aims to develop Shariah-compliant commodity-focused investments. The first product is an exclusive series of single strategy, transparent hedge funds that are registered on the Al Safi Trust platform and are marketed under the DSAM Kauthur brand. The Al Safi Trust basically ensures that the investment assets are directed into separately managed accounts at Barclays Capital New York. The DMCC Financial Services
- 22. Dubai Gold andCommodities Exchange The Dubai Gold & Commodities Exchange (DGCX) commenced trading in November 2005 as the regions first commodity derivatives exchange. DGCX is basically a subsidiary of Dubai Multi Commodities Centre (DMCC) which is a strategic initiative of the Government of Dubai, with a mandate to enhance commodity trade flows through the Emirate by providing the appropriate market, physical, financial infrastructure and services required. The DMCC Financial Services
- 23. 1. Food TradeGroup The various clubs at Dubai Multi Commodities Centre It helps in increasing your sales by meeting suppliers that are involved in both food trade and other related industries. Mitigation of risk, gaining market insight, easier access to finance and access to all trade data are some other advantages of the club.
- 24. The various clubsat Dubai Multi Commodities Centre 2. Energy Club The Energy Club holds regular collaborative meetings between energy industry participants irrespective of the location of their activity. The basic purpose of the Energy Club is to share know-how and act as a platform for the members where they can ask questions or share any ideas that may improve the industry. It provides news and views throughout the industry including economic, technical, legal and all other relevant areas with member’s support. It ensures the privacy of the members and operates under the Chatham House Rule.
- 25. The various clubsat Dubai Multi Commodities Centre 3. Maritime Club It gives members the access to Dubai Maritime Intelligence and provides research opportunities. It acts as a platform that has provided excellent networking prospects. And the opportunity to meet maritime professionals from across the region. 4. Astrolabs It is a Google Partnered tech centre. It provides a special license which enables start-ups to work in a collaborative community of like-minded entrepreneurs with zero upfront costs.
- 26. Frequently Asked Questions Whatis the minimum number of directors? The minimum number of directors is one. Is the import and export of goods allowed? Yes, the import and export of goods is allowed. Is there 100% foreign ownership? Yes, there is 100% foreign ownership. Are accommodation facilities available? Yes, accommodation facilities are available.
- 27. Dubai Multi CommoditiesCentre Company Formation: N R Doshi & Partners We are a top auditing firm based in Dubai. We have been in the business for more than 30 years and have professional team of experts that guide our clients personally. We provide our clients with all the required support. We customize packages for business set-up for our clients. We assist professional in every manner throughout the entire process of company formation and license obtaining. We guide our clients through all the procedures and help them in establishing their business within a timeframe.
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