DMCC partners with DED - Dual Licensing Scheme

  • 24JUL
Dubai is always looking to improve and facilitate better set up and operating avenues for businesses in the region and last week we saw the flagship free zone DMCC ( Dubai Multi Commodities Centre ),  sign a partnership agreement with the DED ( Department of Economic Development ) to help boost trade and economic activity both within the freezone and onshore.

The dual licensing scheme which will be available to already established DMCC member companies will enable them to also establish a presence and operation in mainland Dubai with a DED licence. Onshore activities can take place after a No Objection letter has been issued by the DMCC.

The dual business licence will open up communication and diversification and the sharing of information and activity giving companies more expansion capability through blockchain technology.  

A more free business environment and infrastructure will offer more flexibility and will encourage more companies to established in the UAE, in particular in the DMCC free zone. This will strengthen confidence in the investors and will have a natural flow on effect into other industries - especially the property market.
DMCC is home of the work live play community we know at Jumeirah Lake Towers (JLT).  This area will be further expanded into Uptown Dubai and is all a race towards creating a better dynamics leading up to Expo 2020.  

For commercial premises in JLT for sale or for rent please contact our Commercial Client Manager Mohsin Khoda on +97150 426 2930 or [email protected] 

 
Written by Zarah Evans, Managing Partner, Exclusive Links Real Estate

 
24th July 2019

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