The Dubai International Financial Center has launched five initiatives to help companies and businesses support the efforts of the UAE government to reduce the spread of the emerging "Corona" virus.
The center explained that those initiatives being implemented on conditional grounds, include exemptions to the annual license fees for new companies registered 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 "DIFC Investment" for a maximum period of six months from the beginning of April, in addition to reducing the center's transfer fees from 5% to 4% during the next three months, provided that these transfers are recorded 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.