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Dubai Multi Commodities Centre Grew By 18 Percent In 2015

by Lorys Charalambous, Lowtax.net, Cyprus
03 May, 2016

The Dubai Multi Commodities Centre (DMCC), a free trade zone in the United Arab Emirates, said that the number of new companies registered to trade in the zone increased by 18 percent year-on-year to 11,500 last year.

Strong growth in member company registration has continued in 2016, with a total of more than 12,000 signed up by the second quarter, the DMCC said.

On average, the DMCC welcomed seven new member companies for each working day of the year.

The DMCC offers a zero percent personal and corporate tax rate, as well as 100 percent capital repatriation with no currency restrictions.

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