Dubai, UAE— DP World has launched the Global Business Corporation (GBC), a new strategic arm focused on supporting large companies in achieving their growth ambitions.
The port operator said that GBC invites companies to enhance their international operating models with a base in the emirate and raises awareness about 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.
The Global Business Corporation can 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 licence 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. DP World said. GBC companies registered in the Jebel Ali Free Zone (Jafza) can also be used as holding companies.
“Dubai’s location provides easy access to vast opportunities in the emerging markets of the Middle East, Africa, Europe, and the CIS. With the growth of manufacturing in this region, our air, sea, road, and rail infrastructure seamlessly connect Dubai to markets all over the world. With the launch of GBC, we plan to be standard-bearers for ambitious high-growth companies from around the world and provide them the support needed to achieve their strategic ambitions,” said Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World.