For foreign investors, as well as companies working in the Dubai Multi Commodities Centre, there is some good news as they have decided to reduce the costs involved in license registration.
At DMCC, their pervasive Customer Support Initiative was created to cut all business-related costs such as registration, licensing and related administrative functions by 50-70 per cent. Because of which the DMCC is the most sought-after free zone of Dubai, and it boasts of having hundreds of new businesses incorporated into it annually and over 7,500 companies that are already working out of it that are drawn in by its plug and play infrastructure and adequate solutions for Trade. Additionally, several other online services will also be given for free because of its current digitization process.
According to the recent announcement made by the administrators of DMCC – the number one Free Zone of the World – the already affordable company set up costs are lowered further. Now, the DMCC is offering entrepreneurs a chance to start their businesses at an extremely low price yet. Any business owner that wishes to start a business in Dubai can take advantage of the DMCC’s lowest company setup price ever!
In a statement issued by the CEO of DMCC, he said that:
“The initiative is highly significant. It’s a timely move to encourage our clients towards seeking their business targets with higher confidence and purpose.”
Furthermore, he stated that
“It’s specifically designed to push entrepreneurs into taking the leap of faith in these dire times that are brought upon us by the COVID-19 pandemic. Moreover, it will also help in creating value and opportunities for the businesses to channel their resources to continue their activities sustainably. We believe this initiative will enable companies to do business more smartly and generate more business, revenue and create new jobs.”
The companies that are already working in Dubai will also be able to take advantage of this initiative as long as the company is active, their visa will be renewed automatically for free.
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Need a Hand?
During these uncertain and challenging times, we know and understand that business owners, investors, and entrepreneurs have halted all of their business activities and have virtually stopped their plan of setting up a business for a few months. But, we urge you to utilize these weeks (or in some cases months) of zero economic operations to think about starting your business in the UAE. What’s more, by the time everything gets back to normal, you will be ready to fire up your business activities, as you will have your trade and company license and corporate bank account up and already running!
We at KWS Middle East have finessed our business setup procedure so that you can incorporate your business from the convenience of your home. Your business can be registered in only ten days, and you can also apply for a corporate bank account from the comfort of your home.
Give your business a head start that will help it excel on all fronts. Setup your business in the DMCC free zone with the aid of business setup consultants of KWS Middle East who are well-versed and are adept in the art of company formation
Do not hesitate to give us a call in case of any doubts.
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