Dubai free zone to unveil new business rules on January 2 - Arabianbusiness:
Dubai Multi Commodities Centre (DMCC) 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 the free zone.
DMCC said the new regulations update its existing company law framework, providing greater flexibility and ease of operations for businesses registered within DMCC.
The new regulations also make it easier to set up a company in the region’s leading trade hub, reported state news agency WAM.
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 transfer company incorporation into DMCC.
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