DMCC reduces business set-up fees by 50% to lure investment – Gulf Today

  • Date: 02-Aug-2020
  • Source: Gulf Today
  • Sector:Economy
  • Country:Gulf
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DMCC reduces business set-up fees by 50% to lure investment – Gulf Today

DMCC reduces business set-up fees by 50% to lure investment

2 hours ago

DMCC invites the diamond world to Dubai with a message on the iconic Burj Khalifa.

Business Bureau, Gulf Today

DMCC - the world's flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise - announced on Saturday the launch of its latest discount campaign to encourage international diamond companies to set up operations in Dubai.

Effective immediately and valid until 30 September 2020, DMCC has reduced its business set-up fees by 50 per cent for all diamond-connected companies.

In addition, DMCC announced that new company registrations will be offered a free 12-month membership of the Dubai Diamond Exchange (DDE) - a community of over 1000 leading diamond companies in Dubai. To mark the campaign launch, DMCC lit up Burj Khalifa - the world's tallest building - with a breath-taking visual display in celebration of Dubai's remarkable diamond story.

His Excellency Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade - UAE Ministry of Economy, said: "The trade of precious metals and stones is a critical pillar of the nation's economic diversification agenda. The UAE Ministry of Economy is focused on catalysing a new phase of economic growth and