In response to the UAE Government’s efforts to provide relief to businesses during the COVID-19 pandemic, a number of free zones have announced major relief packages including fee waivers, rent holidays and waiver of penalties.
M/HQ has compiled – and will be updating on an ongoing basis – a “Stimulus Tracker” highlighting key incentives provided by UAE various free zones and registrars.
The Stimulus Tracker complements M/HQ’s “Which Free Zone for Which Purpose” guide – see here –, a comparison of UAE’s major free zones, their core focus, key features, and USPs.
These two sources will help you and/or your clients determine which free zone is most suitable for every specific business concept.
What’s new?
More free zones launch stimulus initiatives
- Dubai South (DS) has formally rolled out its economic stimulus package, similar to the incentives provided by Dubai Silicon Oasis Authority, Dubai Airport Free Zone Authority, Dubai World Trade Centre, Dubai Development Authority, and Meydan City Corporation, namely waiver of registration fees, reduction on license renewal fees, flexible payment plans with easy installment schemes and waivers of penalties on late renewals
- International Free Zone Authority (IFZA), the low costs Fujairah-based generalist free zone, is offering 15% – 20% off on company registration fees for the period 04/05/2020 to 31/05/2020
For more information about this topic, please see our publications:
Structuring Alert: UAE Free zones Stimulus Tracker update [4.1]
Structuring Alert: UAE Free zones Stimulus Tracker update [4.0]
Structuring Alert: UAE Free zones Stimulus Tracker update [3.1]
Structuring Alert: UAE Free zones Stimulus Tracker update [3.0]
Structuring Alert: UAE Free zones Stimulus Tracker update [2.1]
Structuring Alert: UAE Free zones launch Economic Stimulus Packages
DMCC – New Law introduces DMCC Regulator