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A strategic initiative of the Dubai government, The Dubai Multi Commodities Centre (DMCC) was created to establish a commodity market place in Dubai, and provide industry-specific market infrastructure and a full range of facilities for the gold & precious metals, diamonds & coloured stones, energy and other commodities industries.
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. |
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| The objectives of this progressive Centre include: |
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Creation of a dedicated market place in Dubai |
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Increase the value and volume of commodities traded in and through the region |
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Facilitation and integration of the entire value chain of its key segments |
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Broaden the local market horizon e.g. Refining – Manufacturing – Trade |
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Create industry specific market infrastructure for its core segments, innovate new products and services |
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Provide a supportive business environment through purpose-built infrastructure |
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Promote regional industry growth |
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Enhance local industry through implementation of international standards |
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| DMCC is a free zone authority offering market participants of the commodities industry and support services invaluable business incentives, including: |
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100% business ownership |
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A guaranteed 50-year tax holiday on personal and income taxes |
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Purpose-built infrastructure available on a freehold or leasehold option |
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A one stop shop facility for processing of all documentation including immigration, registration and licensing |
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S&P Rating
In April 2007 the international rating agency Standard & Poor’s reaffirmed its ‘A’ ratings for the Dubai Multi Commodities Centre and also for the Gold Sukuk. “The credit rating assigned to DMCC is an assessment of its credit worthiness,” states the report. It underlines “strong implicit government credit support” as one of the strengths, pointing out that “DMCC-related businesses are expected to play an increasing role in the non-oil economy of Dubai.” Dr David Rutledge, CEO of DMCC commented “S&P’s reaffirmation of DMCC’s ‘A’ rating is an important achievement for us, as it confirms the Centre’s ongoing financial strength and its continuing importance to the Government of Dubai’s economic plans.” |
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| For more information & details, please get in touch with us today. |
| Call us on +971-43354233 to discuss with our expert business consultant. |
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