STATEMENT FROM DUBAI MULTI COMMODITIES CENTRE AUTHORITY ("DMCCA")
November 2, 2009
With the highly anticipated completion of the Jumeirah Lakes Towers (JLT) community and the DMCC’s buildings (Almas Tower, AU Tower, AG Tower and J&G), the Dubai Multi Commodities Centre Authority wishes to state that JLT is an integral part of the Dubai Multi Commodities Centre free zone (“DMCC”) and therefore enjoys absolute free zone status. The DMCC was established by way of a Dubai Royal Decision dated the May 1, 2002 in which DMCC’s free zone status is clearly stated. Today, 1,800 companies avail themselves with the free zone state-of-the-art facilities in JLT.
DMCCA would also like to state that anyone wishing to establish a company and operate within the JLT free zone boundaries is required to be licensed by DMCCA. All premises within the JLT are subject to DMCCA rules and regulations without exception.
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About DMCC:
The Dubai Multi Commodities Centre (DMCC), a strategic initiative of the Government of Dubai, 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. The Centre attracts key players throughout the entire value chain of a wide range of commodities sectors, together with relevant support industries such as finance, logistics and insurance. DMCC has established a robust infrastructure, including free zone status, trade networking platforms, secure vaults and purpose-built storage facilities. Resident companies of DMCC are offered highly attractive benefits under a free zone status, including a 50-year guaranteed tax holiday, 100 per cent business ownership, full ownership of business premises, and a secure regulated environment. DMCC has also implemented a dedicated compliance policy in the organisation, which is in line with the compliance related laws and regulations of the UAE Federal Government and the competent international bodies.
Would you like to establish a business in Dubai's free zone? The location should be Dubai Multi Commodities (DMCC). You will receive full business creation services in Dubai from these authorities. These businesses will help you find a partner who can assist you with all aspects of company formation and make sure you obtain all the necessary licenses to set up your business. Their assistance will enable you to negotiate the finest terms and manage your company effectively within the free zone. Without their assistance, you can take better actions to advance your company's operations and establish it in the free environment. They have experience working with a variety of clientele and are renowned for offering the most thorough services in the market. With their help, you will get the most comprehensive team working for you and you will be able to integrate better efficiency into your business. They have years of experience in the industry and offer a wide range of expert services to their clients. You can rely on them to understand your varying needs and help you with a range of business operations. Browse the comprehensive service they offer and set up a business in the free zone with the help of a reliable partner today!
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