DMCC Showcases Offering In India
by Lorys Charalambous, Lowtax.net, Cyprus
06 October, 2017
The Dubai Multi Commodities Centre (DMCC), a tax-free trade zone in the United Arab Emirates, recently showcased its offering to Indian business leaders in Mumbai and Kolkata.
Over 300 Indian business leaders attending the DMCC's "Made for Trade Live" roadshow in Mumbai, and 150 in Kolkata, heard the benefits of locating to the DMCC.
DMCC told attendees that over 2,000 Indian businesses are already registered in the DMCC, with one Indian company joining DMCC each working day. Well-known Indian companies registered in the DMCC include the Tata Group, the UPL Group, Rosy Blue, the Adani Group, Blue Star, and McLeod Russell.
The DMCC is a free trade zone located in the heart of Dubai. It is home to over 13,000 companies and nearly 92,000 people live and work in the zone. The DMCC's offering includes zero percent personal and corporation tax, guaranteed for 50 years. Non-residents may own 100 percent of local companies, and there are no limits on remitting profits abroad.
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