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Today’s Top Headlines




DMCC Free Zone Launches One JLT Space

by Lorys Charalambous, Tax-News.com, Cyprus

11 September 2015

The Dubai Multi Commodities Centre (DMCC), a free zone in the United Arab Emirates (UAE), announced on September 9, 2015, that its latest commercial building, One JLT, is available for lease and will be ready for occupation in November 2015.

Located in the heart of the DMCC and within 20 minutes of the new Al Maktoum International Airport, One JLT has 27,000 square meters of leasable area, the free zone said.

Krista Fox, Director of the DMCC, said that the project has now attracted "a dynamic mix of retailers" and a number of units have already been pre-leased.

The DMCC is based at Jumeirah Lakes Towers in Dubai. It offers a zero percent personal and corporate tax rate, as well as 100 percent capital repatriation with no currency restrictions.

TAGS: United Arab Emirates | tax | tax incentives | corporation tax | tax breaks | currency | retail | trade | individual income tax | Dubai | free trade zone

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