Abu Dhabi Global Market launched a business support package aimed at its registered companies.
The market stated in a statement today, that this package comes with the aim of facing the negative effects of the effects of the emerging "Corona" virus that may affect the business community in the financial free zone on Al Maryah Island.
The package includes discounts on many fees imposed by the Abu Dhabi Global Market, including:
- A full exemption from fees for renewing commercial licenses, except for special purpose companies and corporate licenses, until March 25, 2021.
Full exemption from commercial renewal fees until March 25, 2021.
Full exemption from renewal of personal data protection fees until March 25, 2021.
Full exemption from fees for issuing and renewing temporary work permits and fees for late requests, up to and including March 25, 2021.
- Full exemption from annual fees for investment funds until the date of December 31, 2020.
Return the full annual fees for the investment funds paid to the Financial Services Regulatory Authority during the year 2020.
Return 50% of the value of the regulatory fees for financial services paid by companies subject to the supervision of the Financial Services Regulatory Authority for the current year.
- A 50% reduction in the regulatory fees for the Financial Services Authority is valid until December 31, 2020.
Postpone the collection of rent and service fees for tenants in the Abu Dhabi Global Market Square on Al Maryah Island.