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
06 Jan 2021
Dubai raises total value of economic incentives to AED7.1 billion with a new economic stimulus package
The AED315 million package extends the validity of some of the initiatives announced in the previous stimulus packages for another six months, starting from January 2021 until June 2021
Source: Dubai Media Office
Category: COVID-19 FDI Incentives Dubai Advantage
12 Dec 2020
UAE Implements 46% of the first phase of flexible package to support economic recovery
Major initiatives have been implemented to date, including amendments to the bankruptcy law, allocation of grants and incentives to tourism establishments, promotion of foreign direct investment (FDI) through amendments to the commercial companies’ law and a lot more
Source: WAM
Category: COVID-19 FDI Incentives
25 Nov 2020
80% off Customs fines to ease burden on businesses amid pandemic
Dubai Customs launched this initiative as part of the economic stimulus package announced by the Government of Dubai to mitigate the impact of COVID-19 on businesses and help them navigate the challenges
Source: Dubai Customs
Category: COVID-19 FDI Incentives
16 Nov 2020
Central Bank of UAE extends Dh50b support to COVID-19 affected individuals and businesses until 2021
The support package was announced in March 2020 to support the UAE’s economy during the COVID-19 pandemic, through a range of integrated relief measures to the banking sector related to funding, liquidity, lending and capital
Source: WAM
Category: COVID-19 FDI Incentives
04 Nov 2020
Investors can now request Tax Residency and Commercial Activities Certificates via FTA’s e-Services portal
Both Tax Residency and Commercial Activities Certificates allow investors in the UAE, including companies and individuals, to benefit from double taxation avoidance agreements to which the State is a party, to prevent duplication, and to recover VAT imposed on Emirati businesses in various countries in the event they were registered with the Authority
Source: WAM
Category: FDI Incentives
26 Oct 2020
DMCC offers international companies more incentives to set up in Dubai
The offer includes a free 6-month trial period allowing businesses to test the Dubai market with no initial investment
Source: DMCC
Category: FDI Incentives Dubai Advantage
24 Oct 2020
Dubai continues to support businesses with a new AED500 million economic stimulus package
The new package that aims to support businesses overcome the current exceptional circumstances will bring the total value of stimulus packages introduced by Dubai Government in 2020 to AED6.8 billion
Source: WAM
Category: COVID-19 FDI Incentives Dubai Advantage
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