The characteristics of the free zone and the benefits for members are favorable and relate to all aspects of the business activity of a newly established company.
Full ownership of the business
First of all, regarding the ownership of your business, the characteristics of the free zone reassure that, while the business may be established abroad, full repatriation of your capital is provided. A special benefit for members is the absolute ownership of the company, without the need for a local partner, and the ability to freely move your money worldwide.
Tax benefits
In the terms of tax benefits, an income tax rate of 0% is offered to both individuals and companies. A benefit for members is the flexibility to invest your resources in the sector that is most important to you.
Dynamic community
In the free zone, a workforce of 100,000 people live and work in 87 towers. Each member becomes part of the DMCC community, which supports all types of businesses.
Business Development
Training sessions and networking events are held periodically in the free zone, while members specifically benefit from valuable knowledge from DMCC’s “Knowledge series” program, monthly educational events and workshops. At the same time, the possibility of connecting and communicating with other members is offered and the development of new possibilities and opportunities is promoted at networking events, which are accessed by acquiring membership for specific clubs.
Strong legal framework
The free zone is a secure trading environment that allows a wide range of business activities, with examples of activity in the area being: Kimberly Process, OECD Guidance, Dubai Gold Delivery Standard. In addition, DMCC, by meeting international standards, offers members a safe operating environment so that you can trade with confidence.
Housing solutions
Regarding the company’s housing, a variety of options are given between possibilities of full ownership, commercial (flexi desk, serviced offices, physical offices) and residential properties for purchase or rent at competitive prices. For members, DMCC provides any extra assistance you need, providing the right solutions. There is also the option of increasing the housing space, along with the expansion of your business.
Fast, efficient and digital company formation processes
Finally, in the spirit of the need to simplify procedures, a simplified and modernized issuance of all documents and licenses necessary for companies has been established in the free zone. In addition, members enjoy easy and online, hassle-free processes through the DMCC Member Portal, allowing you to focus on growing your business.
The team here at lawconcept has the necessary knowledge to help you with any related questions and to assist you in this process!