Dubai and Global Business: Insights from the IoD Trade Event
At a recent Institute of Directors (IoD) trade event in London, senior representatives from the Dubai Multi Commodities Centre (DMCC), Dubai-based entrepreneurs and Dubai trade commentators shared how the region has evolved into one of the world’s most dynamic and accessible destinations for international business.
DMCC: A Launchpad for Global Entrepreneurs
DMCC described how the free zone has become home to over 26,000 companies – spanning commodities, fintech, crypto, gaming, and AI.
Remarkably, the UK is one of its most active partners: approximately 2,000 UK companies operate within DMCC, representing around 10% of all registered entities. In total, around 5,000 UK firms operate in Dubai.DMCC’s appeal lies in its simplicity. As a “one-stop shop,” it helps businesses with every step, from insurance and licensing to opening bank accounts. Combined with Dubai’s favourable tax environment (0% personal, capital gains, and inheritance tax, and a corporate tax rate of just 9%), it’s understandable to see why the emirate consistently ranks as one of the top global destinations for new business formation.
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