The Dubai International Financial Center has launched five initiatives to help companies and businesses, supporting the efforts of the UAE government to reduce the spread of the new Corona virus.
The Center explained that those initiatives, which are being implemented on conditional grounds, include exemptions to the annual licensing fees for new registered companies, during the next three months, as well as a 10% reduction for those entitled to renewal, during the period from April 1 to June 30 2020.
The Center also allowed to postpone the payments due on the rental properties belonging to the company «DFC Investment» for a maximum period of six months, as of the first of April, in addition to the center reduced the transfer fees for the property from 5% to 4%, during the next three months, provided that registration These transfers, within the real estate register in the center, within a maximum period of 30 days from the end of the same period.
The center will also facilitate the movement of employees to and from the center and other free zones, allowing companies to take the necessary measures to transfer their employees between the various branches of companies registered with the center, while securing entry cards for new employees, within the buildings and offices in the Dubai International Financial Center.
Arif Amiry, CEO of the DIFC Authority, said that “the health and safety of the DIFC community is our highest priority, so we are constantly working to implement all health and safety measures issued by government agencies quickly and effectively, while ensuring the continuity of doing business, through Our digital services and virtual meetings that we provide to our clients.
He added: "We are constantly working to provide a flexible work environment for our customers, as we provide the economic stimulus package, which we launched to support our customers, to mitigate the effects of the exceptional economic situation the world is witnessing today."