Monday 26 October 2020
Dubai Multi Commodity Center (DMCC), the world’s flagship free zone has rolled out a company setup offer for businesses worldwide. The offer provides international companies the opportunity to set up a representative office in one of the world’s leading business hubs in as little as five working days with a free six-month trial period.
With no upfront fees, businesses can explore the Dubai market ecosystem without making any initial investments. Companies will immediately benefit from the city’s strategic geographic location at the crossroads of the world and an extensive logistics network that provides a gateway to access the region and beyond.
The setup process is fully digital, providing smart solutions that allow companies to access DMCC’s wide range of business services from any device, anytime and anywhere. Businesses will also benefit from a simplified setup requirements (such as no requirement for opening a bank account), an option to apply for a residence visa along with family members, access to DMCC business center facilities, and the opportunity to connect with DMCC member companies through digital networking platforms.
The offer is valid until 31 December 2020.
As the fastest growing free zone in the world, DMCC enhances the appeal of Dubai as a prime destination by offering world-class market infrastructure, facilities, a wide range of products and services and a business-friendly environment that sit alongside a robust regulatory framework. The member companies have unparalleled access to the key commodities markets and a world of trading opportunities across all industry sectors, including diamonds, gold, precious stones, coffee and tea, among many others.
The new offer comes after DMCC was named Global Free Zone of the Year for a sixth consecutive year by the Financial Times’ fDi Magazine. In 2020, DMCC also rolled out its largest-ever commercial campaign, the Business Support Package in March to support new and existing member companies navigate the challenges posed by COVID-19. In light of the strong appetite and positive reactions from the market, DMCC has extended the package until the end of December.
Since its establishment in 2002, DMCC has attracted over 18,000 local and global businesses of all sizes, from start-ups and SMEs to Fortune 500 companies. On average, seven new businesses join the award-winning business district every day.