Motei & Associates

Motei & Associates - Law Firm in Dubai

Motei & Associates – the go-to legal consultants in Dubai that cuts through legal complexities and delivers effective advocacies.

Damac Executive Heights - Office 801
Dubai
United Arab Emirates

Tel:+971 4 435 5959

Email:contact@motei.com

Web:

Dubai Multi Commodities Centre (DMCC) - Motei & Associates | Law Firms in Dubai | +971 4 435 5959
DUBAI MULTI COMMODITIES CENTRE (DMCC)

1. BACKGROUND

The Dubai Multi Commodities Centre (DMCC) 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).

DMCC is the master developer and licensing authority for the Jumeirah Lakes Towers (JLT) Free Zone, one of the largest mixed use free zone developments in Dubai. Situated in the heart of new dubai and serviced by two metro stations within the community, the JLT free zone is located on Sheikh Zayed Road, the main arterial connecting Dubai and Abu Dubai, and in close proximity to Jebel Ali Free Zone and ports, Al Maktoum International Airport, and Dubai Logistics Corridor.

Rated ‘A’ by Standard & Poor’s, the world’s foremost provider of independent credit ratings, DMCC is a free zone authority offering 100% business ownership, a guaranteed 50 year tax holiday and freehold property options.

Until January 2014, the DMCC Authority offered two types of licenses: DMCC and JLT. DMCC Free Zone companies operate in the commodities and related sectors, while JLT Free Zone companies operate across non-commodities related sectors. From February 2014, the authority licenses all activities under the one DMCC license. All companies previously licensed under the JLT license will progressively transfer to a DMCC license.

2. INCENTIVES

  • 100% import and export tax exemption
  • 100% foreign ownership
  • 100% corporate/ personal income tax exemption
  • 100% repatriation of capital and profits
  • No customs duty
  • Eligibility for residence visa
  • Preferential freight rates
  • No foreign exchange controls or barriers to entry
  • Offers freehold commercial and residential property
  • Property prices are some of the most competitive in the market
  • Single window clearances (licensing, immigration, etc.)

3. TYPES OF LICENSES:

DMCC offers the following types of Licenses-

  • Trade License
  • Service License
  • Industrial License

4. FACILITIES

  • Flexi-Desk (sharing) and Full time Desk Service (up to 3 visas)- shared and networked workstations. Flexi Desks are available for 4 hours a week and a maximum of 16 hours a month, which are ideal for self-employed businessmen, small businesses or professionals newly entering the UAE market or not requiring a permanent office space.
  • Serviced Office (up to 4 to 5 visas)- These are fully serviced offices available on an annual rent basis
  • Physical Office for lease / sale are available starting from AED 80 sq. ft. per year and AED 700 sq. ft. respectively
  • Warehouses- are available with DMCC’s partner- The Box Self Storage
  • Land- JLT is already developed. However, a limited number of land plots are still available for development.

5. APPLICATION

If you wish to have further information on DMCC or any other free zones in the UAE, please feel free to contact us at contact@motei.com to arrange for a consultation meeting with one of our corporate team.

Location Map

Location Map

Reach Us

For Initial Consultation Meeting,
Telephone: +971 4 435 5959
Fax: +971 4 435 5858
Skype: motei.office

Damac Executive Heights (TECOM)
Office No. 801, 8th Floor
P.O. Box: 112888
Dubai, UAE

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Affiliated Sites

  • The Legal 500
  • Judicare
  • Egyptian Junior Business Association
  • HG.org
  • Chartered Institute of Arbitrators (CIArb)
  • International Chamber of Commerce (ICC)