Dubai Commodities offers a package of financial incentives and exemptions from fees and fines

Yesterday, the Dubai Multi Commodities Center announced the launch of a business acceleration initiative designed to reduce operating costs, improve cash flows, and support sustainable growth within its business system, which currently includes more than 26,000 companies.

The center stated, in a statement, that it had proposed 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 also 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 5,000 dirhams for late license renewal, and 1,000 dirhams for late renewal of business center lease contracts, in addition to temporarily easing some administrative requirements.

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

The first CEO and executive director of the Dubai Multi Commodities Center, Ahmed bin Sulayem, said: “Today, companies operate in a global business environment characterized by an accelerating pace and higher levels of competitiveness, and through this package directed at business acceleration, the center allows its 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.”

He added: “We are working to find clearer paths for business expansion and the establishment of new companies, in a way that supports our members to expand, enhance their flexibility in the 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 dedicated to attracting new companies and supporting 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 Gold and Diamond Park can benefit from enhanced establishment incentives, including savings of more than 15% on annual packages and more than 20% on multi-year commitments.

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

The new 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 supports 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.

. Discounts on company establishment fees…and incentives of up to 25% on license renewals.