Dubai is a hub and a door that attracts the global market at the center of trading commodities and services. Allowing businesses to benefit from many features and concessions that support the long-term goals. Given theses opportunities, many locals and foreign investors are visiting Dubai. Moreover, these features have supported them to reach objectives of gaining higher returns. This region is equipped with trading, national carriers such as airlines, etc. Therefore, connecting both the East and West through air and sea, bringing in more business deals and changes. With that said, DMCC or known as Dubai Multi Commodities Center is particularly noticed.Established in 2002, the free zone authority, which offer various features imitated by the government of Dubai. As a fact, investors in various industries gold, precious stones, materials and so on. Therefore, putting investors in a good arena for trading. With that said, if you are in search of opportunities in Dubai, you should be aware of DMCC and other facts. Hence, here are some facts that would be useful for entrepreneurs, industrialists, etc.:
What is the type of trade you wish to commence?
Irrespective of where you wish to start a company, it’s important to apply for registration and visas. Therefore, this authority offers DMCC visa to new businessmen to start a company. However, you should first understand what type of business that you plan to start. For instance are you opening a new company or a branch or LLC.
What are the benefits of starting a business with DMCC?
There are many benefits that an investor could enjoy, as this is also a free zone authority. For instance any local or expat would be granted full ownership of the company. On the other hand, there are tax concessions until the first 50 years after the registration and licensing. In addition, there are built or finished office spaces for rent or lease.
What are the protocols for obtaining the license?
On the other hand, there are general and specialized licenses, which you should be familiarized with. The DMCC issues a trade license for an enterprise depending on the business functions. These licenses are subjected to yearly renewals. There are many support services that are helpful in preparing the applications and submitting the forms to the authorities for approval.
If you look at the economy of Dubai, you’d notice various franchise, multicultural businesses and so on. Therefore, the scope of starting a company is good, however, you should be equipped with the knowledge of this region. As a fact, it would be helpful to run a company following the rules and regulations. Hence, continue to be updated about the business news of this region.