There are 38 different free zones in the UAE but when most people think of opening a business here, they think of Dubai. People want the Dubai presence, Dubai visa and the prestige that comes with it, especially if they are dealing with clients around the world. It’s like having an extra perk added to your business name just by being located in Dubai.
Still, one of the most popular areas to setup a business in the UAE is in a Free Zone to take advantage of the 100% ownership and no taxes. The DMCC Free Zone is located in Dubai, specifically in Jumeirah Lakes Towers (JLT). You can have many different types of businesses in the DMCC Free Zone, such as restaurants, salon/spa, grocery store, trading company, consulting business and retail shops just to name a few.
The DMCC Free Zone is one of the most prestigious free zones in all of the UAE and it is the fastest growing with over 200 new companies setting up each month. And the free zone is still expanding with the recently announced plans to build the 2020 Tower, the largest commercial building in the world.
But why are so many people choosing to setup in DMCC? Why is it so popular?
Well, as previously mentioned, one of its biggest advantages is that it is simply located in Dubai. DMCC is located alongside Sheikh Zayed Road, the most traveled road in the UAE, and is accessible by 2 Metro Stations (Dubai Marina and Jumeirah Lakes Towers).
Many companies who choose to reside in DMCC find its location and accessibility very convenient for their clients and for business meetings. In addition to housing commercial businesses, there are also over 75,000 residents living in JLT. If you own a restaurant or a mini-mart in DMCC, you should have no shortage of clients when you consider the large number of commercial and residential clients available.
Obtaining a license in the DMCC Free Zone is not a difficult process if you have assistance from a Business Setup Consultancy. A Consultancy can make the trips back and forth to the free zone, eliminating your need from having to spend your time, and submit all required documentation needed to obtain the license.
You get peace of mind when you work with a Consultancy because they know the process, the requirements and have the experience necessary to get your license quickly and efficiently.
The DMCC Free Zone is progressive in that they have recently created an online portal for all documentation to be submitted which is an initiative intended to make the process smoother, quicker and more efficient.
In other words, much of the process is moving online as Dubai works toward its goal of becoming a Smart City. The Free Zone is always evolving and looking to make changes when necessary to be able to provide a better experience to those wishing to start a business in DMCC.
If you would like more information on how you can start your own business in the DMCC Free Zone and take advantage of everything it has to offer, please contact me at firstname.lastname@example.org for a free consultation and more information.
Henri was born and raised in Lebanon and studied at University of Saint Joseph. He is an avid fan of extreme sports and RC car racing. He is fluent in French and Arabic, he has traveled extensively throughout the region and Europe for both for leisure and business.