Dubai Multi Commodities Centre

a free-trade zone favoured by commodity traders

The Dubai Multi Commodities Centre, for example, promises to register any new company or subsidiary and obtain a licence in no more than two weeks, with minimal due diligence procedures involved. This means, for instance, that there is no need to provide the name of the ultimate beneficial owner (UBO) of the company, but only that of the shareholder, who can therefore be a mere frontman.