Dubai Multi Commodities Center launches "Business acceleration initiative that supports companies"

DUBAI, June 2, 2017 (WAM) – The Dubai Multi Commodities Center today announced the launch of the Business Acceleration Initiative, which is designed to reduce operating costs, improve cash flows, and support sustainable growth within its business system, which currently includes more than 26,000 companies.

This initiative comes at a time when companies are facing continuous changes in global market conditions, as the Dubai Multi Commodities Center has introduced a package of financial incentives, fee exemptions, and regulatory flexibility, with the aim of enhancing flexibility and at the same time maintaining competitiveness in the long term.

For existing companies, the package is based on incentives to renew licenses of up to 25% upon commitment for several years, 15% for two years, 20% for three years, and 25% for five years.

The center provides additional incentives for current members wishing to expand, through a 20% discount on additional licenses.

Additional measures include exemption from fines of up to AED 5,000 for late license renewal and AED 1,000 for late renewal of business center leases, in addition to the temporary relaxation of some administrative requirements.

The center provides additional flexibility through operational modifications, while existing non-FlexiDisk members can migrate to this service without incurring insurance fees or address change fees.

Ahmed Bin Sulayem, CEO and Executive Director of DMCC, said: “Today, companies operate in a global business environment characterized by an accelerating pace and higher levels of competitiveness. Through this package directed at business acceleration, DMCC allows our members to grow more efficiently and confidently, by providing greater flexibility in renewing licenses, simplifying administrative procedures, and enabling more effective use of existing resources. At the same time, we are working to find clearer paths for business expansion and the establishment of new companies, which supports our members to expand and enhance their flexibility in Long term, and continue to easily seize new opportunities in global markets.”

In parallel with the measures to support existing companies, the DMCC launched incentives designed to attract new companies and support expansion plans within its systems.

New companies can benefit from a 10% discount on annual licensing packages, and 20% on multi-year establishment packages, with the exception of some specific programs.

At the same time, new companies that establish their businesses within the distinguished offices of the DMCC in the Jewelery & Gemplex can benefit from enhanced establishment incentives, including savings of more than 15% on annual packages and more than 20% on multi-year commitments.

The Gold and Diamond Park provides premium office space within one of the most established commercial environments in the DMCC system, providing companies with a flexible and well-connected work environment, designed to support sustainable growth and enhance long-term collaboration opportunities.

To accelerate the pace of establishing companies, the Center strengthened the consultant incentive program, by increasing commission rates and expanding the scope of eligibility to include all successful registrations during the offer period.

This initiative falls within the broader strategy of the Dubai Multi Commodities Center, which aims to continuously enhance the value provided to its members, by aligning support with actual changes in the markets, and empowering companies at various stages of their growth.

Together, these measures aim to stimulate the flow of new business, support organic growth, and consolidate Dubai’s position as a leading global center for trade and investment.

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