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DP World has launched the Global Business Corporation (GBC), a new strategic arm focused on supporting large companies in achieving their growth ambitions. The initiative, which is set to further raise Dubai’s profile as a preferred global business destination, invites companies to enhance their international operating models with a base in the emirate. GBC, complementary to Dubai’s existing foreign direct investment advocacy and advisory groups, aims to further enhance Dubai’s ability to add value and agility to corporations establishing their headquarters or regional hubs in the city.
Driven by the goal of ushering in a new era of opportunities for corporations, GBC seeks to raise awareness of Dubai’s strengths and benefits as a location for high-value centralised business operations of large companies, such as headquarters, functional centres of excellence, and finance and treasury hubs.
Standing at the heart of a “business-enabling ecosystem that includes special economic zones, the region’s largest trade port and a comprehensive portfolio of services and solutions”, GBC seeks to connect companies to business enablers across Dubai to help them “scale up and operate seamlessly.”
GBC will be able to provide business set-up and licensing, under unique common law-based GBC Regulations, for large companies that wish to set up a limited liability entity or branch in Dubai. A GBC license permits a foreign or domestic corporate group to own and operate a business management entity, allowing them to build a wide range of functional expertise and regional management capabilities as well as intellectual property, based on their strategies, operational needs, and capital requirements. GBC companies registered in the Jebel Ali Free Zone (Jafza) can also be used as holding companies.
