Luring more global firms by Dubai Free Zone via Rolling out better Offers

Dubai’s Multi Commodities Centre states that the globalized firms can set up their bases within next five days with no upfront fees to be paid. Dubai’s Multi Commodities centre (DMCC), the free zone on Commodities trade as well as enterprise, has recently announced rolling up of a better latest offer for luring out most globalized businesses for setting up their bases in Emirates.

As per DMCCs statement, the offer extends to majority of global firms who are in pursuit of setting up a representative firm within the business hub in within less than five-six working days with a permitted six months exclusive trial period. They further explained that global businesses could explore in the Dubai Markets ecosystem without making any initial investments and with no upfront fees to be paid initially.

Additionally, the set-up process is wholly digitalized, providing better, safer and smarter solutions that provides global firms required direct access for DMCCs broader range of services from within any smart gadgets, anytime as well as anywhere.

Sheikh Mohammed was directed regarding the work proceedings within the Centre, that has emerged as the one amongst the rapid expanding free zones with in excess of Seventeen thousand firms who are conducting trade within numerous arenas like precious metals, beverage arena like Tea and Coffee, as well as Food Commodities.

Businesses will also benefit from easy set-up necessities such as no requirement for opening a bank account and an opportunity to apply for a residence visa alongside their family members. The offer is in force until the close of 2020.

Executive director – free zone, DMCC, Ahmad Hamza, stated that: “DMCC has fruitfully recognized a robust and thriving business district that has redefined the comfort of doing business. That is why in excess of Eighteen Thousand businesses have chosen to set up in their free zone. With this latest offer, we are once again making it informal and quicker to set up a presence in Dubai and permitting direct access to roughly the swiftest rising markets. In turn, we are advancing the emirate’s economic flexibility to ensure it always remains the preferred hub for doing business.”

Since its establishment in 2002, DMCC has fascinated over 18,000 native and global businesses, from start-ups and SMEs to Fortune 500 companies. On an average, 7 latest businesses join the business district every day.

The previous month was hugely fruitful, as DMCC announced it was extending its business support package as the influence of coronavirus on the UAE economy lingers to bite. The original support package was tossed in March with a succeeding extension and development announced in July, with the final extension taking it to the final week.

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