DUBAI FDI ECOSYSTEM
Stimulating the Business Environment to Address COVID-19 Virus Effects
UAE Ministry of Economy is now offering updates about COVID-19, best practices for doing businesses in times of crises COVID-19, insights about UAE’s investment environment, incentives granted for businesses in the UAE, information about FDI law, Coronavirus Reports & Summaries Regarding Investments, and a direct communication with MOE’s Investment Department
Source: Ministry of Economy
Category: COVID-19 FDI Incentives FDI Regulations
19 Oct 2020
UAE launches a global initiative to support technology-based startups in the UAE and Italy
The Ministry of Economy, in cooperation with Microsoft, the Intesa Sanpaolo Innovation Centre and the Italian Cariplo Factory, aims to enable startups to present their innovations before leading global companies in this field, to identify the most capable and advanced innovations that can support the transition towards a circular economy
Source: WAM
Category: FDI Incentives
18 Oct 2020
UAE to provide immediate support for business sectors and enable a rapid economic recovery
The UAE Cabinet, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the launch of the plan’s 33 initiatives to support economic sectors on August 3, 2020.
Source: WAM
Category: COVID-19 FDI Incentives
15 Oct 2020
DMCC extends its Business Support Package until 31 December 2020 in celebration of winning ‘Global Free Zone Of The Year’ by Financial Times’ (FT) fDi Magazine for a Sixth Year in a Row
As the largest commercial package ever released by DMCC, the Business Support Package offers a range of discounts to support business, reduce cost and safeguard operations against the impact of COVID-19. DMCC is set to announce further promotions in due course
Source: DMCC
Category: COVID-19 FDI Incentives FDI Data Dubai Advantage
20 Sep 2020
DMCC Extends its “Business Support Package” until 20 October 2020
The package which was launched in March includes a wide range of discounts and waivers to support DMCC’s registered companies
Source: DMCC
Category: COVID-19 FDI Incentives Dubai Advantage
03 Sep 2020
AED27 bn in credit facilities provided to logistics, storage communications sectors in H1-2020
These sectors played a key role in accelerating economic growth, especially against the backdrop of the fallout of the COVID-19 pandemic
Source: WAM
Category: COVID-19 FDI Incentives
08 Aug 2020
UAE Central Bank decides on additional measures within Targeted Economic Support Scheme
This step comes as an additional measure encouraging banks to strengthen the implementation of the TESS and support their impacted customers in overcoming the repercussions of COVID-19 pandemic
Source: WAM
Category: COVID-19 FDI Incentives
28 Jul 2020
Dubai South extends stimulus package until the end of the year
The move aims to help companies navigate the challenges posed by the COVID-19 pandemic and ensure business continuity during the recovery period
Source: Dubai Media Office
Category: COVID-19 FDI Incentives
14 Jul 2020
Emirates Islamic introduces Digital Business Banking package with low minimum balance requirement
The new Digital Business Banking package will empower entrepreneurs, Small and Medium Enterprises (SMEs) and new start-ups in the UAE, to open an account with a minimum balance requirement of just AED10,000
Source: Dubai Media Office
Category: FDI Incentives
11 Jul 2020
Dubai announces new economic stimulus package worth AED1.5 billion
The new package raises the value of business incentives introduced by the emirate’s government in the past few months to AED6.3 billion
Source: Dubai Media Office
Category: COVID-19 FDI Incentives Dubai Advantage