en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
5 Minutes Offshore
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
HUF 0.0036
GBP 1.3158
CHF 0.9948
RUB 0.0161
HKD 0.1274
JPY 0.0089
CNY 0.1492
CAD 0.7581
AUD 0.7386
BRL 0.2566
EUR 1.1643


DMCC Becomes UAE's Largest Free Trade Zone


The Dubai Multi Commodities Center (DMCC) has overtaken Jebel Ali Free Zone to become the largest free trade zone in the United Arab Emirates, the DMCC's executive chairman, Ahmed bin Sulayem, said on Saturday.

The DMCC is also the fastest growing free zone in the UAE. An average of 200 companies join each month, with 94 percent staying. The center now has more than 7,330 active registered companies.

"We are well on our way to achieving our target of 10,000 companies by 2015, at which point we anticipate to be almost at capacity. Our expansion plans, including the DMCC business park and the world's tallest commercial tower, will cater to large corporations looking to access new markets and will be the next phase in the DMCC's and Dubai's growth," Bin Sulayem said.

Jebel Ali Free Zone is now the second biggest free zone in Dubai with 6,400 companies.

The benefits of setting up a company in one of Dubai's free zones include tax exemptions and 100 percent foreign ownership.