DUBAI FDI ECOSYSTEM

Stimulating the Business Environment to Address COVID-19 Virus Effects

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

01 Jun 2020

Dubai Customs cancels fines for late Customs Representative Card renewal/cancellation

Dubai Customs cancels fines for late Customs Representative Card renewal/cancellation

The decision will help in promoting economic growth in the UAE, and supporting businesses by mitigating the impact of covid19 on their activities

30 May 2020

Ministry of Finance announces three new decisions for federal entities to reduce fees, and provide incentives to investors and companies operating in the country

Ministry of Finance announces three new decisions for federal entities to reduce fees, and provide incentives to investors and companies operating in the country

The decisions are part of the ministry’s efforts to boost the national economy and stimulate the country's business environment.

Source: WAM

Category: COVID-19 FDI Incentives

20 May 2020

Dubai SME allocates AED 20 million to guarantee capital for SMEs through The Fund & Beehive partnership

Dubai SME allocates AED 20 million to guarantee capital for SMEs through The Fund & Beehive partnership

The guarantee pool will enable more SMEs and investors to leverage financial technology to support business continuity and growth while also stimulating economic growth.

Source: Dubai SME

Category: COVID-19 FDI Incentives

17 May 2020

33,874 licences renewed through ‘Auto Renewal’ service, says Dubai Economy

33,874 licences renewed through ‘Auto Renewal’ service, says Dubai Economy

The economic stimulus package launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council on the 12th of March 2020 to support business continuity in the emirate has made the process of renewing, as well as obtaining, a licence easier.

11 May 2020

Dubai Silicon Oasis Authority Announces Additional Incentives, Exemption Packages for Business Partners

Dubai Silicon Oasis Authority Announces Additional Incentives, Exemption Packages for Business Partners

The new package includes waiving both an AED12,000 license fee and AED6,900 registration package for new clients for the first year until end of June 2020; the new client registration package includes a one-time registration fee, shareholder resolution fee, specimen signature fee, trade name reservation fee, memorandum of articles and association. DSOA will also provide a one-month grace period for new companies.

04 May 2020

DHCA announces business relief package with focus on directly-impacted

DHCA announces business relief package with focus on directly-impacted

DHCA's Relief Package benefits various business segments in the free zone, and considers three broad components

03 May 2020

Dubai South announces economic stimulus package to support its business community in 2020

Dubai South announces economic stimulus package to support its business community in 2020

This announcement is part of Dubai South Free Zone’s unwavering commitment to foster a business-friendly environment and meet the needs of its valued customers

Source: WAM

Category: COVID-19 FDI Incentives

02 May 2020

DMCC to Boost Ease of Doing Business and Increase Employee Protection

DMCC to Boost Ease of Doing Business and Increase Employee Protection

New insurance programme follows DMCC’s announcement of a range of economic initiatives to support new and existing members

Source: DMCC

Category: COVID-19 FDI Incentives

27 Apr 2020

Dubai Economy reduces market fee for instant license from Dh3,000 to Dh250

Dubai Economy reduces market fee for instant license from Dh3,000 to Dh250

The instant license enables business owners to obtain their commercial licenses in one step, and within five minutes

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