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UAE Dubai DMCC License

UAE Dubai DMCC License

DMCC (Dubai Multi Commodities Centre) was established in 2002 as a strategic initiative of the government of Dubai with a mandate to provide the physical, market and financial infrastructure required to establish Dubai as a hub for global commodities trade. DMCC is the world’s fastest-growing Free Zone. Today more than 14,100 companies call DMCC home, ranging from multinational corporations to start-ups. The DMCC financial license, as DGCX membership, is approved for proprietary trading on all items listed on the DGCX. DGCX, an exchange affiliated with the DMCC, began trading in November 2005 and is far ahead of other platforms in futures and options contracts for a variety of metals, energy and currencies. DGCX is the first commodity derivatives exchange in the Middle East and the only national exchange in the UAE that allows market participants to trade clearing and settlement in the Gulf.

License Advantage:

  • Guarantee settlement and reduction of counterparty risk by DCCC
  • 0% personal and corporate income tax
  • 100% business ownership and capital repatriation
  • Simple fee payment structure – applicants only need to pay DGCX a request fee
  • Strong risk control and strict monitoring system
  • Non-stop trading hours: 7:00 am – 11:55 pm (GMT +4)
  • Supervised by the Securities and Exchange Commission (SCA)A stable financial system

  • Activities Allowed:
    Trading in DGCX contracts (DMCC), Includes firms whose main activities are based on trading in DGCX listed contracts for client accounts under broker membership.

    Documentation Requirement:

    For each beneficial owner, shareholder, directory:

  • photocopy of passport
  • Proof of address (six months validity)
  • Criminal check certificate
  • CV

  • Legal Requirement

  • 1 natural person director (can be from any jurisdiction)
  • At least 1 shareholder
  • 1 authorized representative
  • Company secretary
  • Capital requirement: AED 500,000, around 136,000USD. Original Bank Share Capital Deposit Letter or Bank Statement reflecting the deposited amount (stamped) is required.

  • UCG Services

  • Company formation
  • License application document preparation assistance
  • Seek for local office location
  • Visa application assistance
  • Maintenance after application success

  • The UCG Advantage

  • End to end comprehensive service
  • Speedy and efficient service
  • Expert advice on structuring options
  • Dedicated ongoing compliance support
  • Extensive network pool of service providers

  • Duration to Set Up

    2-3 months