Dubai Trade Center” lowers licensing fees and establishment in the free zone by about 70%

“Media In – Dubai 25 June 2018 / WAM /
Dubai World Trade Center (DWTC) has announced a 70 per cent reduction in license fees and the establishment of companies operating within its free zone, which grants business licenses to foreign companies and those operating through One Central, a development that provides a world-class lifestyle In the heart of Dubai’s central business district – to stimulate business attraction and help the growth of various sectors.
The Center’s program offers two-pronged competitive offers to support the flow of foreign direct investment into the UAE and accelerate private sector participation in Dubai’s GDP, in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Dubai’s business development, reinforcing the emirate’s reputation as a global investment destination.
The program is complemented by a series of economic policies and incentive legislation adopted recently by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council.
Hilal Saeed Al Marri, Director General of the Dubai World Trade Center Authority and the Department of Tourism and Commerce Marketing in Dubai, said the new economic initiatives of the UAE show the strength and flexibility of its economy, which is intelligent, open and inclusive.
The Dubai World Trade Center Authority has reviewed the licensing costs, including regular corporate registration and registration, which will see a 40 to 70 per cent reduction in the size and volume of business operations, which will significantly reduce the fixed and ongoing costs of doing business in new companies And the current what would accelerate the return on investment for companies operating in the free zone