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Structuring Alert: UAE Free zones Stimulus Tracker update [7.0]

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.

View Stimulus Tracker here.

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?
DMCC extends offer on new company setup

DMCC has announced the extension of its stimulus package until 31 August 2020.

The following fee reductions remain applicable over the period on total company setup fees:

  • 50% off for non-JLT residents with an option to rent a flexi-desk for AED 222
  • 80% off if shareholders are residents of JLT
The 100% waiver on late license renewal penalties, Flexi desk and DMCC Business Centre penalties and office Sharing Permit fee was also extended for the period, as well as 33% off on license renewal fees, 30% off on additional license fees, 50% off on dormancy and license reinstatement and issuance fees, 2 months’ rent holiday for flexi desk and DMCC Business Centre tenants renewals, and 100% waiver of change of address fee when moving from a physical office to a DMCC Business Centre.
Should you require any further information regarding the options available to you, please feel free to contact us!

For more information about this topic, please see our publications:

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