Initiating the process of business setup in Dubai free zones requires foreign investors to consider many factors including the office space solutions, location, cost, visas, availability of a wide range of business activities etc. Considering all these factors, most investors choose Dubai Multi Commodities Centre (DMCC) as their preferred free zone for forming a company in Dubai. So, what makes the expatriate entrepreneurs choose DMCC for starting a business? Let’s dive into the top 6 factors that will be an effective answer to this question:
1. Start Business in a Global Hub
Establishing a company in DMCC gives foreign investors the benefit of doing business in a globally recognised free zone. The Free Zone has been named Global Free Zone of the Year for a sixth consecutive year by the Financial Times’ fDi Magazine. The progressive policies and ease of business setup regulations make DMCC an attractive option for company formation in Dubai. Foreign investors can consult with the best business setup consultants in Dubai to easily obtain a license.
2. Strategic Location Improves Business Prospects
Since free zones mainly facilitate imports and re-exports, investors prefer to set up their companies in strategic locations that offer easy connectivity and transportation facilities. DMCC is situated at Jumeirah lakes Towers (JLT) business district, which is considered the heart of Dubai. Setting up a business in DMCC provides the investors with a gateway linking their businesses with the fast-growing markets of the Middle East and beyond. The investors will have unparalleled access to the world’s key commodities markets and a world of trading opportunities across all industry sectors.
3. Red Carpet Welcome for Foreign Investors
DMCC provides a specialised ecosystem for foreign investors especially those from China and Israel. China is one of the top trading partners of the UAE and DMCC has enhanced this trade partnership by hosting a number of Chinese companies from a variety of industries within the free zone. After the signing of the historic Abraham Accords, DMCC has been proactive in welcoming Israeli investors into the UAE. The free zone has already signed a number of agreements with Israeli companies.
4. Modern Office Space Solutions
Starting a company in DMCC provides investors with access to sophisticated office setup solutions. DMCC houses an array of modern business centres in JLT that help startups, SMEs and other establishments to meet their workspace requirements. Office spaces in DMCC come fully furnished ranging between 100 sq. feet and 500 sq. feet in an elegant corporate environment. The amenities include dedicated telephone & fax numbers, internet connection, fully equipped meeting room facilities and advanced audio-visual technology etc. Serviced offices are available at affordable prices depending on the size and location of the business.
5. Wide Range of Offers
DMCC came to the aid of investors to help them navigate the pressures of the pandemic by announcing attractive offers for company formation. At present, DMCC offers up to a 50% reduction on the total company setup fee and the option to rent a Flexi desk with a free visa. Along with this, the JLT Residents get a 60% waiver for opening a company in DMCC. Also, representative offices can be set up in DMCC with no upfront fee in 5 working days with a free 6-month trial. Since some of these offers are limited period benefits, the investors can consult with business setup consultants in Dubai before applying for the license.
6. Numerous Business Activities
DMCC free zone is a global business hub that houses over 18,000 businesses from a wide range of industries and sectors. The activities range from agro, energy and financial services to diamonds, gold and base metals. Apart from commodities and financial services, DMCC also provides e-commerce, education, insurance, consultancy service etc. For detailed guidance on business activities available in DMCC, connect with reputed business setup advisers in Dubai.
Hire Company Formation Specialists in DMCC
Setting up a company in the DMCC provides the foreign investors with benefits including a wide range of activities, modern office spaces, attractive business setup offers etc. DMCC has been proactive in welcoming foreign investors from a wide range of countries including China and Israel. Even though the process of company formation in DMCC involves no lengthy procedures, the assistance of business setup consultants in Dubai such as Jitendra Business Consultants (JBC) will come in handy for obtaining the license without any delay. JBC’s highly qualified company formation specialists in Dubai will ensure a hassle-free business setup process. JBC undertakes services including documentation, PRO services, bank account opening, trademarks, VAT registration. Getting all the services under one roof enables the investors to achieve their business goals quickly.