Associations can now set up in Dubai with the help of the DAC, giving them access to the UAE and other Gulf state markets, as well as those in the wider Middle East, Africa and Asia.
A DAC licence provides a range of benefits, including use of offices at the renowned Sheikh Rashid Tower in the heart of Dubai and use of the World Trade Club facilities.
Associations established within the DAC will also be entitled to apply for residency visas for their employees; to open a local-based bank account; and to offer services and products to the constantly developing regional market.
The DAC is a joint initiative between the Dubai Chamber of Commerce and Industry (DCCI), the Dubai Department of Tourism and Commerce Marketing (DTCM) and the Dubai World Trade Centre (DWTC).
H.E. Hama Buamim, president & CEO, Dubai Chamber, said: "It is our aim to ensure that doing business in Dubai is made as easy as possible and to grow Dubai into an international hub for associations.
"Dubai today is an international centre for hosting major global events, exhibitions and conferences and is the world’s neighbour at the crossroads of Africa, the Middle East and Asia.
"The associations will benefit from economies of scale, experience in the association marketplace, flexibility and adaptability, increased buying power and centralised facilities at the centre."