DMCC Regulatory Entity
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The regulatory entity of DMCC is known for its involvement in international trade. It appears to be the world’s top and fastest-growing Free Zone. The main function of the DMCC is to facilitate and promote trade across different commodities and goods. Diamonds, gold, precious metals, food, tea, and industrial materials are all included here.
It is now home to some major multinationals and start-ups through which this organisation connects with over 19,000 companies.
Table of contents
Dubai Multi Commodities Centre offers world-class services to raise leading infrastructure and introduce a vibrant community they need to fully succeed.
Main role, vision & mission
Since 2002, DMCC has been working as a government entity. Through Dubai City, they play a major role in enhancing commodity trade flows. Thus, this organisation plays a significant role in making Dubai City the most preferred destination for trading global commodities.
DMCC, the Dubai Authority, aims to make Dubai City the major global gateway in the Middle East. So they have been trading some large sets of commodities.
DMCC is also encouraging its members to continuously innovate in business services and infrastructure. Dubai is known for its trading, which is located in Dubai City. Being the centre of the global commodities trade, DMCC is all driving to develop economic growth and act as a trusted partner to fully support our members.
What are the benefits of DMCC?
The DMCC offers you boundless opportunities to build your business even higher. An individual who becomes a member of the DMCC society will have unparalleled access to different commodity markets worldwide. Furthermore, these commodities will improve the trading opportunities for the industry sectors.
Furthermore, DMCC offers multiple benefits for businesses as well. Assuring a secure trading environment brings upon the highest standards of international compliance!
It doesn’t matter what kind of business you plan to start. DMCC will provide you with a highly collaborative network of various contacts. Learn some new skills and develop your expertise to drive successful growth.
Connecting yourself with the DMCC community, you are directly interacting yourself with more than 18,000 member businesses. This is how you can enjoy direct trading connections to Dubai City, UAE, and even worldwide.
In addition, you can also access numerous platforms of DMCC tools, innovations and services to make the business process an efficient task for you.
Role of driving digital innovation in DMCC entity
DMCC, being at the forefront of the region’s digital economy, has partnered with AstroLabs Dubai, the only Google-partnered tech centre in the Middle East and North Africa (MENA). They have created a special license that enables start-ups to work together as a community using joint collaboration.
With zero upfront costs, the community is based on like-minded entrepreneurs. In this community, there is already an involvement of more than 70 start-ups.
Accessible to serve you 24/7, this tech centre is included with the coding facilities for the programmers and has access to the mobile device development lab.
Plus, there is also an availability of the training room for hosting some AstroLabs Academy workshops in analytics, big data, ad-words, digital marketing, or the UX/UI design and to grow a start-up development.
Different membership options for entrepreneurs
| Licensed Member 2,500 AED per month | Community Member 1,500 AED per month | Moonlighter Member 750 AED per month |
| ● License with one year of commitment
● Account manager to support through the setup process ● 24/7 Access with high-Speed internet, printing, or supplies and much more ● On-site mentoring with the office hours ● Google for the Entrepreneurs passport programme ● $5k of Amazon Web Services credit ● Legal, accounting clinics and much more |
● Monthly contract
● Option for upgrading the licensed membership ● 24/7 of help access with the High-Speed internet, printing, and supplies ● On-site mentoring along with the office hours ● Google for the Entrepreneurs passport programme ● $5k of the Amazon Web Services credit ● Legal as well as accounting clinics |
● Monthly contract
● Option for upgrading the licensed membership ● Nights and the weekend access to the space ● On-site mentoring with the office hours ● Google for the Entrepreneurs passport programme ● $5k for the Amazon Web Services credit ● Legal and the accounting clinics and more |
Build & operate world-class urban destinations
DMCC is also planning to develop and operate some world-class urban destinations for residents and businesses.
This will create an ideal place where people can flourish and grow. In addition, DMCC is working on the master developer project for the Jumeirah Lakes Towers (JLT) community and Uptown Dubai.
One of the most prominent urban developers, DMCC is just focused on being the strong foundation to add value to the businesses. In addition, it often enriches the lifestyle of the residents and will create a fresh experience for all the visitors.
JLT is home to over 100,000 residents, who work and live here, as well as more than 18,000 businesses. JLT project is Dubai’s leading mixed-use development with 87 residential towers and some great commercial spaces.
The Almas Tower is also the tallest commercial tower in this region, based on its 600 retail outlets. In addition, the DMCC portfolio has just recently introduced Uptown Dubai, which offers some residential, commercial, and a few recreational areas.
Financial services of DMCC
Two major financial services of DMCC are:
1. DMCC Tradeflow
It’s a dedicated online platform that enables the access of registering the possession and the commodities stored in the facilities of UAE. For the stimulation of market liquidity, it provides the entire Islamic finance industry with the trust of developing legal trading infrastructure, commodity supply, and complete transparency.
2. DGCX
DMCC subsidiary DGCX is the most diversified and the largest commodity exchange in the Middle East. It provides a suitable market that is developed through the financial infrastructure and the services for improving the trade flows.
Bottom line
DMCC is striving hard to deliver a smart, sustainable, and commercially successful projector that contributes to Dubai City’s growth. No doubt that in the coming few years, the DMCC regulatory entity will play a major role in improving Dubai city and will bring a massive development in economic growth.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst
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