Sun - Thu9:00AM – 6:00PM
Mailcontact@wincoreadvisory.com
Visit our social pages

DMCC Crypto Companies Set Up - Crypto Businesses Can Now Set Up At DMCC 

May 25, 2021by Chinwe Azikiwe

DMCC Crypto Companies Set Up – Crypto Businesses Can Now Set Up At DMCC 

Dubai Multi Commodities Center (DMCC)  Freezone is a center of Global trade responsible for issuing different types of Licences for trading activities, especially in the sectors of commodities, Gold, Precious stones, Base Metals, Tea, Coffee, Cacao, Crypto, etc. DMCC has entered into a memorandum of understanding (MoU) with the Securities and Commodities Authority (SCA) to establish a regulatory framework for businesses offering, issuing, listing, and trading Cryptocurrency Assets in DMCC. The agreement will see businesses dealing with crypto assets gain access to bespoke Crypto Trading licenses offered by the DMCC Crypto Centre, first-class customer service, a range of incentives, and the strong business regulatory framework developed by DMCC. The SCA will be responsible for issuing approvals for crypto businesses looking to set up in DMCC. The SCA is the official regulator for the crypto activities in DMCC, regulating in line with their policies to develop an integrated ecosystem for the crypto and blockchain industries.

“DMCC Awarded ‘Global Free Zone of the Year’ for a Record Sixth Consecutive Year”

 

All crypto companies set up in DMCC will also benefit from DMCC’s business regulatory framework, which increases the ease of doing business whilst upholding robust governance and transparency

DMCC has a strong track record of using cryptographic and distributed ledger technologies, with their blockchain-enabled Agri commodities trading platform, Agriota, connecting farmers in India with consumers in the UAE, and the DigitalSugar platform utilising blockchain for the international trading of sugar. DMCC signed an agreement with CV Labs and CV VC in 2020 to support the development of a leading crypto ecosystem in Dubai. The DMCC Crypto Centre will also house a leading crypto advisory practice led by CV Labs, the entity behind the Switzerland government-backed Crypto Valley, which has previously spawned Crypto leaders such as Cardano and Ethererum. The DMCC Crypto Centre will offer co-working spaces to crypto businesses, entrepreneurs and SMEs and a range of incubator and accelerator programmes, all within the DMCC’s vibrant Jumeirah Lakes Towers district, in the heart of Dubai.

Now is the time to get into the crypto business as DMCC is making it easier for crypto and blockchain businesses to set up and operate in Dubai. Cutting-edge technologies are also at the forefront of DMCC’s strategy and they will play an instrumental role in driving increased trade through Dubai in the future.

 

Benefits of Setting up your Crypto Business in DMCC

  • Low-Cost Setup
  • 100% Foreign Ownership
  • 0% Tax
  • Blockchain Knowledge
  • Confidentiality and Privacy
  • Security
  • 0% income tax or corporate tax.
  • Full capital Repatriation.
  • No duty on Import or export.
  • State of the art infrastructure.
  • Brand visibility
  • Jurisdiction reputation

 

HOW CAN WE HELP YOU IN SETTING UP A DMCC CRYPTO COMPANY?

If you wish to discuss the many benefits of setting up a DMCC Crypto Company, or any other legal entity, feel free to contact us.

For Support and assistance on a DMCC Crypto Business Setup Get in Touch with our Corporate Team Today on +971 4 221 2602 or contact@wincoreadvisory.com.

Wincore specializes in Tax, Corporate and Fiduciary matters. We provide pragmatic, flexible and efficient solutions to individual entrepreneurs, startup businesses, foreign and local SMEs, multinationals, wealthy international families, HNWIs and UHNWIs.

Wincore Advisory Group’s full range of services on : CRS (AEOI) – OECD exchange of information ; Economic Substance Regulations; Trust & Foundation; Asset protectionEstate & Tax Planning; Corporate Services; Sophisticated UAE Sponsorship PlanningDebt Collection Services in UAE; Residency & Citizenship Services ( Foreign second passports).

mm

Chinwe Azikiwe

Senior Business Advisor

error: Content is protected !!

Sign up for our News & Alerts
Inscrivez-vous pour recevoir des Nouvelles et des Alertes

Don’t like emails?
Just follow us on Linkedin or Twitter to get the latest news in our feed.