DMCC incentivises international businesses to set up shop in Dubai

The Dubai Multi Commodities Centre (DMCC) has introduced a company setup offer for businesses worldwide, inviting them to set up a representative office 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 are incentivised to benefit from the emirate’s strategic geographic location and its logistics network. The setup process is fully digital, providing smart solutions that allow companies to access DMCC’s range of business services from any device, anytime and anywhere.

Businesses will also benefit from 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 centre facilities, and the opportunity to connect with DMCC member companies through digital networking platforms.

The offer stands valid until December 31, 2020.

“DMCC has successfully established a dynamic and thriving business district that has redefined the ease of doing business. That is why 18,000 companies have chosen to set up in our Free Zone,” said Ahmad Hamza, executive director – Free Zone, DMCC.

“With this new offer, we are once again making it easier and faster to set up a presence in Dubai and enabling access to some of the fastest growing markets. In turn, we are boosting the Emirate’s economic resilience to ensure it always remains the chosen place for doing business.”

DMCC also rolled out its Business Support Package in March this year, to support new and existing member companies navigate the challenges posed by Covid-19, which it later extended until the end of December.

Since its establishment in 2002, DMCC has attracted over 18,000 local and global businesses of all sizes, from startups and SMEs to Fortune 500 companies. On average, seven new businesses join the business district every day.