Dubai’s DMCC opens representative office in Shenzhen, China

The Dubai Multi Commodities Centre (DMCC) has announced the opening of a representative office in Shenzhen, China, to bring in business opportunities to the emirate.

The office setup is in partnership with Yingtian Global – a corporate service provider that has supported over 300 Chinese businesses to expand in the MENA region, Dubai Media Office reported.

DMCC’s physical presence will facilitate the company setup process in Dubai without the need to travel. It will also provide advisory and consulting services in a common language, a convenient time zone and several services such as witnessing signature and verifying documents.

Additionally, the office will enable DMCC to identify business opportunities and connect with potential partners. DMCC has developed a dedicated Chinese website, offering information to help Chinese companies set up in DMCC.

.@DMCCAuthority opens a representative office in Shenzhen to usher in a new wave of Chinese business to #Dubai https://t.co/tMzDWBOv0q pic.twitter.com/Hdk99n0qUH

— Dubai Media Office (@DXBMediaOffice) November 9, 2020

“China has always been an important market for Dubai and DMCC, and we have played a main role in developing the bilateral trade relations over the years,” said Ahmad Hamza, executive director – free zone at DMCC.

“Sitting at the crossroads of the world, DMCC is eager to support Chinese businesses establish a foothold in the Middle East and beyond. The opening of this representative office will allow us to work closer with the Chinese business community and unlock a host of opportunities. It will also further the longstanding commercial relationship that exists between the UAE and China, and reinforce our support to both the Dubai Silk Road strategy and the One Belt One Road Initiative and the mutual business potential they will bring.”

China remains Dubai’s largest trading partner with Dhs66.4bn worth of trade in the first half of 2020. Meanwhile, DMCC is already home to 544 Chinese companies, equating to nearly 10 per cent of all Chinese businesses registered in the country.

Li Feng, general manager of China Business Centre DMCC, Yingtian Global, said: “The opening of a representative office in Shenzhen reaffirms the real commitment by DMCC to enhance the ease of doing business for the Chinese community. Dubai without a doubt presents the ideal ecosystem for Chinese businesses looking to expand across the Middle East and we are confident that DMCC will enable those companies to seamlessly tap into a vast array of opportunities.”

In 2017, the Yingtian Chinese Business Centre DMCC was established to support Chinese companies wanting to set up operations in the free zone. The DMCC website was also launched in Mandarin the same year.

Last month, DMCC 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. The offer stands valid until December 31, 2020.

Read: DMCC incentivises international businesses to set up shop in Dubai