Dubai News: DMCC Expands Its Single Family Office Services

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DMCC Dubai

Who is DMCC?
Dubai Multi Commodities Centre (DMCC) is a government unit established in 2002 to boost commodity trade flows through Dubai, executing numerous objectives which have resolutely proven Dubai as a regional and international commodities trading nucleus.
DMCC Expands Its Single Family Office Services

DMCC regulates, promotes and facilitates trade across a range of commodities including gold, diamonds, pearls, precious metals and tea. Major multinational companies, SMEs and start-ups in the commodities sector have made DMCC Free Zone their home.

Dubai Multi commodities Centre (DMCC) has instigated a new license arrangement for Single Family Offices that will provide families to unite and handover wealth across generations.

The Director Free Zone, DMCC, stated “Families with varied and multi-jurisdictional investments look for aid that relate to supervising wealth along with family support. There is a huge desire for structuring assets via the Family Business Model, therefore we are offering our members with the prospect to open Single Family Businesses in the DMCC Free Zone”.

A Single Family Office centralises the management of a family fortune supervising asset management, financial plans, philanthropic undertakings sponsored by a family group and supplies to governance of family and family business’ concerns. DMCC’s new licence structure for Single Family Offices will permit family businesses to offer all those services under a DMCC license for the first time.

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