DMCC breaks another record by registering 665 new companies in Dubai in Q1

DMCC breaks another record by registering 665 new companies in Dubai in Q1

DMCC attracts 665 new companies in first quarter of 2022 — the highest Q1 performance since 2002 inception

DMCC also witnessed 34 per cent increase in Dubai company formation from China in Q1 compared to the same period last year. — Supplied photo

By Staff Report Published: Tue 12 Apr 2022, 5:30 PM

DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, welcomed 665 companies to its free zone in Dubai during the first quarter of 2022.

This represents DMCC’s best first quarter since its inception over 20 years ago, a 13 per cent year-on-year increase, and a 25 per cent increase compared to the five-year average. The results demonstrate Dubai’s status as a world-class business destination and the ease of doing business by setting up a company in DMCC.

“The global economic climate remains challenging, however, Dubai’s reputation as a world-leading business destination is stronger than ever, and DMCC sits at the very heart of this international appeal. Registering 665 new companies in the first three months of 2022 is another record broken for DMCC, and serves to show the huge potential on offer when joining our Free Zone in Dubai,” said Ahmed bin Sulayem, executive chairman