GBC: Global Business Corporation launched in Dubai
DP World has launched the Global Business Corporation (GBC), a new strategic arm focused on supporting large companies to achieve their growth ambitions. The initiative, which aims to further raise the profile of Dubai as a preferred global business destination, invites companies to improve their international operating models by establishing a base in the emirate.
Guided by the goal of ushering in a new era of opportunities for corporates, the GBC aims to raise awareness of Dubai’s strengths and advantages as a location for high-value centralised business operations of large companies, such as headquarters, functional centres of excellence, finance and treasury centres.
Located at the centre 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 aims to connect companies with those who facilitate business development in Dubai to help them scale up and run smoothly.
GBC can provide business formation and licensing – under GBC’s unique common law rules – for large companies wishing to establish a limited liability company or branch office in Dubai. A GBC licence enables a foreign or domestic corporate group to own and operate a business, enabling them to establish a wide range of functional knowledge and regional management capabilities and intellectual property based on their strategies, operational needs and capital requirements. GBCs registered in the Jebel Ali Free Zone (Jafza) can also be used as holding companies.
The launch of GBC will open up new horizons for large companies aiming for strategic growth in a restructured, post-pandemic world. Located at a strategic crossroads of major trade corridors and close to some of the world’s largest and fastest-growing markets, GBC will help companies gain access to a comprehensive portfolio of business support solutions and a thriving Dubai business ecosystem to facilitate new opportunities for businesses to expand their operations in Dubai.
The GBC complements a coalition of Dubai-based foreign direct investment protection and advisory groups. The GBC will further enhance Dubai’s ability to add value and responsiveness to corporations establishing their headquarters or regional centres in the city.
.@DP_World launches Global Business Corporation (GBC), a new strategic arm focused on supporting the growth ambitions of large companies. Initiative set to usher in a new era of opportunity for large companies in #Dubaihttps://t.co/WVIuVgVS4N pic.twitter.com/JcECRPHFiC— Dubai Media Office (@DXBMediaOffice) October 3, 2022
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