New rules to enhance ease of doing business in Dubai's DMCC.

 
FREE EXCERPT

DMCC - the world's flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise - has announced a set of new rules and regulations effective from January 2, 2020 to further enhance the ease of setting up and doing business in DMCC.

The new regulations update DMCC's existing company law framework, providing greater flexibility and ease of operations for businesses registered within DMCC and increasing the remit of their activities. The new regulations also make it easier to set up a company in DMCC.

Key enhancements to the framework include increased flexibility around a company's Articles of Association; introduction of different share types, allowing businesses to tailor the structure of shareholdings; a new dormant status has been introduced; and an increased ability to...

To continue reading

REQUEST YOUR TRIAL