The environment of the gaming business in Dubai is conducive as the country is building a robust infrastructure to support gaming startups. Dubai Multi Commodities Centre (DMCC), one of Dubai’s flagship free zones, has recently launched a Gaming Centre for facilitating company formation in the e-sports or gaming sector. Since the UAE is one of the promising markets in the Middle East for gaming companies, DMCC’s new initiative offers exclusive opportunities for foreign investors.
However, you need to know the features and regulations of business setup in DMCC before jumping into the water. Business setup consultants in Dubai can guide you in this regard. This blog will give you a detailed guide to the newly launched gaming ecosystem in DMCC. Keep reading to gain further insights:
Gaming Centre in DMCC
The Gaming Centre in DMCC was launched during the Dubai E-sports festival to create a supportive ecosystem in which all types of gaming and esports companies can thrive. The DMCC free zone currently hosts more than 50 gaming companies composed of game developers, game content producers, esports teams and tournament organisers. Business setup consultants in Dubai can provide you with more details on the DMCC gaming centre.
Gaming & E-Sports License Activities Permitted in DMCC
DMCC provides a wide range of licenses that permit activities related to gaming and e-sports. Business setup advisers in Dubai can assist you in selecting business activities. The following are some of the top gaming and e-sports activities permitted in DMCC:
- Academy
- Development
- Publishing
- Content Production
- Engine Operation
- Studio Services
- Industry Research
- Consultancy Services
- Community Management
- Online Service
- Metaverse Services
- League Operator
- Data & Analytics Services
- Event Management
- Online Publication
- Tournament Support Platform
- Virtual Reality & Augmented Reality
Key Features and Benefits of the Gaming Centre in DMCC
Based in the DMCC free zone, the gaming centre offers you unparalleled access to a vibrant community of gaming industry professionals which will unlock new opportunities for collaboration. By obtaining a DMCC license, gaming companies can ensure global reach and connection with audiences across the world. Other benefits include access to DMCC’s fully digital setup process, world-class infrastructure and commitment to increasing the ease of doing business. Given below are some of the features and benefits of setting up a gaming business in DMCC:
A) 100% Business Ownership & Capital Repatriation
Foreign investors can take complete control of their business by having 100% ownership. Furthermore, you can also repatriate all profits to your home territory, without restriction.
B) Networking Opportunities
By registering a gaming company in DMCC, you can network with 21,000+ member companies representing 180+ countries and 20+ business sectors.
C) Access to DMCC Crypto Centre Ecosystem
Access to other forms of related technologies is critical to the success of gaming companies. The gaming companies in DMCC can have access to the free zone’s Crypto, Metaverse and Web3 communities.
D) One-Stop Shop
If you are not a fan of extensive paperwork and red tape, then DMCC is the ideal free zone for you. DMCC offers all the business solutions under a single roof so that you will not have to struggle at each stage of your company incorporation journey.
E) Flexible Solutions
You can find nearly all the business activity in DMCC and you can set up your company as a branch, subsidiary or new limited liability company (LLC). DMCC also offer flexible office solutions, from the plug and play Flexi-desks and serviced offices to multi-story offices for lease or sale.
F) DMCC Knowledge Series
Once you set up a gaming company in DMCC, you can have access to the Knowledge Series, which is a regular programme of lectures, workshops and seminars designed exclusively for DMCC members. These lectures are delivered by industry experts, covering a variety of topics, including Gaming and Crypto.
Why a Gaming Company can be Profitable in the UAE?
According to a report by the consultancy RedSeer, the Middle East and North Africa gaming market is likely to increase 19 per cent to more than USD 5 billion by 2025. Saudi Arabia and the UAE lead the industry growth in the MENA region owing to the highest penetration of gaming. Reports say nearly 64 per cent of online adult males and 58 per cent of online females are into digital gaming in the UAE. By obtaining a DMCC gaming license, you can have a slice of this lucrative market.
Consult with the Best Business Setup Consultants in Dubai, UAE
As gaming activity is picking up in Dubai, foreign investors can make the most of it by opening a company in DMCC. The DMCC Gaming Centre offers exclusive licenses and other benefits for gaming activities. Business setup consultants in Dubai such as Jitendra Business Consultants (JBC) can help you choose the right business license activities and facilities apart from advising you on the regulatory requirements. . JBC’s team comprises highly qualified company formation specialists who are well-versed in both UAE laws and free zone regulations. JBC helps foreign investors avoid potential roadblocks they may encounter while initiating business setups in the UAE. JBC assists investors in securing licenses, and visas, and opening a bank account without any hassle.
