Dubai’s Free Trade Zone Breaks 5-Year Record in New Company Registrations

Dubai’s Free Trade Zone Breaks 5-Year Record in New Company Registrations

Dubai Multi Commodities Centre (DMCC), established by the Government of Dubai to establish a hub for global commodities trade, registered 2025 new companies in 2020, its highest number of registrations in 5 years.

DMCC's strong performance is primarily due to the Business Support Package launched in March 2020 that saw interest from companies in 149 countries. This was the business hub's largest commercial offer, offering a wide range of incentives and value added services to both existing and new companies in the Free Zone.

DMCC also made enhancements to its customer service with its simplified and fully digitalised set up processes and easier onboarding. By providing customers a seamless, digital company set-up experience, and significant focus on digital marketing, the Free Zone has seen more than a 50% drop in walk-ins and physical visits, with existing and new members preferring to conduct their transactions online. 95% of new companies in the Free Zone started their journey with DMCC digitally.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said:

Ahmed Bin Sulayem

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"2020 was a year like no other, with the COVID-19 pandemic impacting every society, business and country. Despite the countless challenges at our doorstep, the UAE's visionary leadership and prompt and decisive