What’s new? The Dubai Multi Commodity Center (DMCC), the UAE’s largest free zone, has announced the introduction of a dual licensing enabling firms registered in the zone to extend the scope of their activity in the UAE mainland by seeking an additional license from the Department of Economic Development (DED). The long-awaited move is timely, as it is expected to facilitate …

The Dubai Multi Commodities Centre (DMCC) has announced the implementation of a new set of rules and regulations, effective 2nd January 2020. The changes to the zone’s regulatory framework are aimed at increasing flexibility and ease of operations in the free zone. Some key enhancements: Updates to Company Share Capital requirements – businesses can now issue different …