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DMCC Free Zone Sees Surge In Interest

by Lorys Charalambous, Lowtax.net, Cyprus
03 July, 2015

The Dubai Multi Commodities Centre, a free zone in the United Arab Emirates, announced on July 2, 2015, that the number of registered companies operating from the zone grew 10 percent to 10,624 in the first half of this year.

The free zone said that the substantial growth rate is due to its digital transformation initiative. The initiative, launched in 2013, made all the free zone's services available online, including the company registration process.

Ahmed Bin Sulayem, the Executive Chairman of the DMCC, said: "Our transformation has enabled us to outperform our growth targets whilst allowing us to interconnect our entire community. You can find all our services and products online. Innovation and technology play a major role in how we at DMCC interact with our stakeholders and facilitate trade across the world."

DMCC is based at Jumeirah Lakes Towers in Dubai. It offers a zero percent personal and corporate tax rate, as well as 100 percent capital repatriation with no currency restrictions.

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