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DGCX of Dubai Multi Commodities Centre Free Zone Announces New Trading Technologies
March, 2017
DMCC Free Zone Company Formations to Increase
An increase in Dubai Multi Commodities Centre (DMCC) Free Zone company formations is expected following the announcement about its subsidiary, the Dubai Gold & Commodities Exchange (DGCX)’s cooperation with Trading Technologies International Inc (TT).
This move will mean a boost to DMCC’s popularity which in turn will mean an increase in DMCC company formations as stakeholders such as manufacturers, producers and traders of commodities will want to form their companies in the free zone to benefit from this appealing new trading platform.
Click Here to speak to one of our Professionals about a DMCC Free Zone Company Formation
Dubai has always been renowned for its trade of gold and other commodities on an international scale. The Dubai Gold & Commodities Exchange was created at the end of 2005 to facilitate and boost Dubai’s commodities industry.
The role of Dubai Multi Commodities Centre Free Zones is to facilitate, regulate and promote the trade of commodities such as gold, pearls, diamonds, tea and precious metals and provide the appropriate infrastructure and services necessary to achieve this. DMCC Free Zone is home to many top global companies in the commodities industry.
DMCC’s success has firmly established the emirate of Dubai as a thriving commodities trading business hub.
Contact Us if you Wish to Start the DMCC Free Zone Company Formation Process
Advantages of a DMCC Free Zone Company Formation
Forming a company at DMCC Free Zone means you can enjoy the following advantages:
- 0% corporate and personal tax for 50 years from the time of company formation
- 100% foreign ownership – no need for a UAE partner
- Simple, fast set up procedures
- Excellent customer service from dedicated personnel in the DMCC Service Centre for all steps of licensing and company formation and all Government related services
- DMCC’s world-class, broad range of products
Click Here to Speak to one of our Experts on DMCC Free Zone Company Formation
We are experienced Dubai, RAK and UAE Company Formation specialists. Our highly trained team of Dubai, RAK and UAE Company Formation professionals are at your disposal to ensure we always provide a world-class customer service.
Contact us Now if you need a DMCC Free Zone Company Formation
We can form your company at DMCC Free Zone or any other Free Zone in the UAE with the five simple steps outlined below:
- Contact us so that we can guide you through the whole process, including receiving the relevant documents from you, completing the applications, arranging the medical tests, planning your visits to the UAE and leading the work through to completion.
- Choose the company type that best suits your needs. Choose from an Offshore Company, a Free Zone Company, a Local LLC Company, a Branch, a Representative office, a Professional Services License. Click here to see our competitive prices
- Begin the company formation process. We acquire and process all the relevant documents and we complete and submit the applications for Company Formation, Licensing and issuing of Residence Visas.
- Select a bank and open company and personal accounts. We will introduce you to the best banks and we will arrange meetings with bank officials to open your personal and corporate accounts.
- Start operating your business with our support. After your UAE company formation, we will handle the necessary professional services for the successful operation of your business.
| Need-to-Know Information about DMCC Free Zone Company Formation | |
| What business activities are permitted at DMCC? | There over 600 permitted business activities at DMCC that range from over 20 sectors. Examples are energy, gold and diamonds, commodities, shipping, technology, construction, aviation, healthcare, media, education, financial services. |
| Do business activities at DMCC need a specific type of property? | Certain business activities need a specific type of property such as a physical office or retail unit. However, most business activities do not require a certain type of property. |
| What types of licenses are available at DMCC? |
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| Can a service and trading activity be included in one license? | No. Trading activities will be put on the Trading License and service activities will be put on the Service License. |
| How many business activities can be put under one license? | Up to 6 business activities can be included in one license. |
| Is it possible to do business outside the free zone with a DMCC Free Zone company? | Yes, if you set up a DMCC Free Zone company you can do business outside the UAE as long as it is legal.
There are 2 ways to trade within the UAE (onshore). The first way is to trade with an LLC company that has an import / export license. The second way is to cooperate with a logistics company that will be responsible for clearing goods and delivering them to the mainland. For service companies the general rule (apart from some exceptions) is that the services have to be provided within the free zone. |
| How long will it take for my DMCC company formation? | Two to three weeks from the receipt of all the required documents. |
| What property types are available at DMCC? |
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Click Here for More Information on the DMCC Company Formation Fees and Procedures
A few words about DGCX and Trading Technologies International TT
DGCX was the first commodity exchange in the region and today is the leader in derivatives exchange for the whole of the Middle East.
DGCX provides services to manufacturers, producers and end users of commodities. DGCX also provides price risk management which up to now has not been available to producers in the Middle East. Furthermore, DGCX provides opportunities for commodities trading to investment houses and financial communities in the Middle East and the rest of the world.
Trading Technologies International TT is a well-known global provider of high-performance professional trading software.
With access to DGCX available now via the TT® trading platform, traders of commodities and currencies can use TT’s many functions, such as the TT Mobile applications for iOS and Android mobile devices in order to record and trade the full range of DGCX’s products. This also gives TT’s users access to the biggest exchange traded Indian Rupee liquidity pool in the world.
Click Here to speak to an Expert on DMCC Free Zone Company Formation
| UAE Company Formation Packages | |
|---|---|
| Start-up Packages | Company Set-up in Dubai, RAK and UAE |
| UAE Offshore Company Formation | Startup Package |
By forming an offshore company in the UAE you can have a UAE address and run your business tax free internationally, open a bank account in the UAE or outside the UAE and own property in Dubai or RAK | Dubai Offshore Company Ras Al Khaimah - RAK ICC Company |
| Free Zone Company Incorporation in the UAE | Startup Package |
By setting up a free zone company in the UAE you can enjoy the privileges of onshore presence and UAE and international trading tax free, open a bank account in the UAE or outside the UAE and own property in Dubai or RAK. Residence Visa is given to investors and staff. | Dubai Free Zone Company RAK Free Zone Company Sharjah Free Zone Company: Abu Dhabi Free Zone Company: |
| Extra UAE Company Set-up Services on request | Prices |
Virtual office, telephone answering, mail forwarding, accounting, tax and VAT services and consulting, PRO services and Visa processing | On request - we price our services very competitively and are flexible to find fair agreements with clients |
| Offshore Companies and Free Zone Companies in Dubai, RAK and UAE | |
| RAK Offshore Company - RAK ICC | Dubai Offshore Company - JAFZA |
| DMCC | RAK Trade Free Zone |
| DAFZA | Ajman Free Zone |
| JLT | RAKIA - RAK Investment Authority |
