Dubai Multi Commodities Center (DMCC) or JLT Free ZoneEstablished in 2002 by Royal Decree, the Dubai Multi Commodities Centre Authority (DMCC) is a strategic initiative of the Government of Dubai, with a mandate to enhance commodity trade flows through the Emirate by providing the appropriate physical, market, financial infrastructure and services required.
By offering a fit-for-purpose regulatory framework, modern infrastructure, freehold property, innovative products and cost efficient, value-added services, DMCC successfully attracts key participants throughout the entire value chain of a wide range of commodities sectors. However, although DMCC is the region’s only commodities hub, its business activities include free zone, financial and property services.
DMCC is the master developer and licensing authority for the Jumeirah Lakes Towers (JLT) Free Zone, the fastest growing free zone development in Dubai.
Today there are over 4,000 companies registered at the JLT Free Zone across a range of businesses from shipping to recruitment, IT to advertising and more, with 85% of new registrations coming from businesses that are new to Dubai. These include multi-nationals, major regional industry participants as well as small/medium sized businesses and entrepreneurs. Companies operating at the JLT Free Zone enjoy an unparalleled location on Sheikh Zayed Road, streamlined processes, dependable customer support, unique services and industry clustering, modern infrastructure, and freehold commercial and residential property.
DMCC has implemented a robust compliance and regulatory regime which is in line with the compliance related laws and regulations of the UAE Federal Government and the competent international bodies.
Benefits of DMCC Free Zone or JLT Free ZoneThere are over 4,000 companies across a range of sectors enjoying the many benefits DMCC offers to those licensed and operating in the JLT Free Zone, the fastest growing free zone in Dubai.
Key benefits of joining the JLT Free Zone include:
- 100% foreign business ownership
- Zero personal and corporate tax rate
- 100% capital repatriation and no currency restrictions
- One or more shareholders
- Unique industry clustering and purpose-built infrastructure
- Secure, regulated environment, licensing a full range of business activities
- Strategic location on Sheikh Zayed Road, connecting Abu Dhabi and Dubai, and in close proximity to Dubai Logistics Corridor
- Quality freehold, commercial and residential property for sale or lease at competitive rates
- Wide variety of quality commercial, retail, residential and industrial space offered
- Comprehensive client relationship management providing a fast and efficient service for the collection and processing of all documentation and issuance of licenses
DMCC and JLT Free Zone ServicesDMCC successfully facilitates commodity trade between East and West through its fit-for-purpose regulatory framework, modern infrastructure, free-hold property, innovative products and value-added services through the fastest growing free zone development in Dubai – the JLT Free Zone.
Registration and LicensingDMCC licenses companies from a wide range of business sectors at the JLT Free Zone, from commodities to retail, IT, marketing and more. In order to ease the process of setting up a business at the JLT Free Zone, DMCC offers seamless registration and licensing processes and general services at its dedicated Client Service Centre in Almas Tower.
The DMCC Client Service Centre provides all registration, licensing and government service procedures under one roof, including utilities set up, employee affairs procedures, renewal of residence permits, issuance of visas and commercial sales and leasing brokerage services.
To further ease the process of setting up business in the JLT Free Zone, DMCC appoints dedicated Client Relationship Executives to assist members throughout the entire process.