There are admittedly a lot of free zones in the United Arab Emirates (UAE) that are dynamic, making investors to conduct business setup in Dubai free zones. These industry-specific free zones are all helpful to the economy of the UAE and to the investors who are looking for locations that are going to meet their needs and their businesses’ requirements.
However, this free zone is picked because of some of its quirks and its uniqueness as well. Its awards and achievements speak volumes about it as one of the largest and fastest-growing free zones in the UAE.
A Brief History About Dubai Multi Commodities Centre
Dubai Multi Commodities Centre (DMCC) was launched in 2002. It is located at one of the most beautiful places in the UAE, the Jumeirah Lakes Towers. The mandate of the government is for this free zone to be for trade to make Dubai a global trading location.
The infrastructures of this free zone—market, financial, and physical—make it a place wherein businesses can be built and can grow. Providing world-class facilities, amenities, infrastructures, regulatory frameworks, etc. has propelled it to be on top of its game, gaining momentum when it comes to domestic economy.
There are thousands of businesses under the DMCC. The various activities that they operate in are as follows: IT, restaurants, universities, advertising, gyms, recruitment, retail stores, trade, etc.DMCC has been rising since it was launched, resulting for it to house this much freezone companies in the UAE.
DMCC’s Awards and Its Achievements
DMCC is a notable name, known to be an award-winning free zone for what it stands for, what it is as a free zone, and what it offers to its clients that attract them over to conduct a free zone company formation, and make them stay in its place.
It has been a three-time winner of Global Free Zone of the Year by the Financial Times magazine, in which people call them as making history for having won it. There are more than 70 free zones in the world that were nominated and DMCC was chosen because it is dynamic and growing quickly. It makes itself a go-to location for investors who are searching for a place where their businesses can flourish and expand.
Aside from the above award, they are also the awardee of Facilitating Most Innovative Structured Transaction Award in 2007, Deal of the Year Award. In April 2010, they also received Best Fund-of-Funds, Failaka Islamic Fund Award. And in the year 2014, they are the receiver of Global Islamic Finance Award for Best Supporting Institution.
What Makes It Unique?
There is a list of DMCC license activities to choose from for the investors who are planning for free zone company formation. Its location is strategic and beautiful, as Jumeirah Lake Towers stand tall and cosy for everyone to see. DMCC is a big place, serving as a home for businesses that are looking for a location that can satisfy their needs for them to operate properly.
Benefits attract businessmen to have business setup in Dubai free zones.In this location, the investors are given the opportunity to have 100% ownership of their business. Aside from that the other benefits are as follows: location,100% capital repatriation, flexible office solutions including ‘plug and play’, licenses for a full range of business activities, tax exemption, regular networking opportunities through DMCC industry events, immigration services including visas and other government permits, training on the latest developments in trade regulation and compliance standards,sector specific clubs and informative workshops, freehold offices for sale and lease at competitive rates,etc.
There are more things that can be learned about DMCC and other free zones from MAF Consultant Middle East.