Dubai free zone launches offer: Set up an office for free

Dubai - Under the new company setup offer, the office can be set up within five working days with a free six-month trial period.

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Published: Mon 26 Oct 2020, 11:38 AM

Last updated: Mon 26 Oct 2020, 11:40 AM

International companies can now set up a representative office in the Dubai Multi Commodities Centre Authority (DMCC) without any initial investment, the authority has announced.

Under the new company setup offer, the office can be set up within 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 emirate’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 the DMCC’s wide 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 the DMCC business centre facilities, and the opportunity to connect with the DMCC member companies through digital networking platforms. The offer is valid until December 31.

Ahmad Hamza, executive director – Free Zone, DMCC, said: “The 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. 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.”

The new offer comes after the DMCC was named Global Free Zone of the Year for a sixth consecutive year by the Financial Times’ fDi Magazine. In 2020, the 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, the DMCC has extended the package until the end of December.

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