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

28 Jul 2020

Dubai South extends stimulus package until the end of the year

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

14 Jul 2020

Emirates Islamic introduces Digital Business Banking package with low minimum balance requirement

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

11 Jul 2020

Dubai announces new economic stimulus package worth AED1.5 billion

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

07 Jul 2020

DMCC Extends Business Support Package in Boost to Dubai Economy

DMCC Extends Business Support Package in Boost to Dubai Economy

The announcement follows the positive market reaction from the Dubai business community to the original package launched in April – DMCC’s largest ever commercial incentive

Source: DMCC

Category: COVID-19 FDI Incentives

06 Jul 2020

Tenants of Dubai Developments Group properties exempted from rentals over the next 3-6 months

Tenants of Dubai Developments Group properties exempted from rentals over the next 3-6 months

The relief package worth AED200 million is an initiative from HH Sheikh Hamdan bin Rashid aimed at supporting the economy as well as the entrepreneurial and real estate sectors.

24 Jun 2020

Jafza announces robust incentives to help companies get back to business

Jafza announces robust incentives to help companies get back to business

The comprehensive range of focused support includes easier rental terms like monthly rentals and deferred rental payments, cost-effective transport services that save costs, enhance ease of accessibility and enable speedier services

Source: JAFZA

Category: COVID-19 FDI Incentives

08 Jun 2020

UAE Cabinet adopts several decisions for improving government work, supporting various sectors facing COVID-19

UAE Cabinet adopts several decisions for improving government work, supporting various sectors facing COVID-19

The cabinet adopted a decision to exempt Hajj and Umrah-related businesses from licence renewal fees from March 2020 to December 2020

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

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