Under a partnership with Emirates NBD, it allows payments in installments of up to 12 months
"Dubai Commodities" allows installment of service fees without interest
The new installment plan helps the new center companies manage start-up costs.
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Marwan Hadi: "Cooperation with the center will allow our customers to conduct their business with more comfort and flexibility."
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The Dubai Multi Commodities Center announced the conclusion of a partnership agreement with Emirates NBD, with the aim of enabling its business community of existing and new companies to make payments for the center's services in several installments, using credit cards and without interest.
The center explained that according to the agreement, the installment plan will allow existing and new companies to transfer fees for establishing businesses, renewing licenses for DMCC and any other fees related to services into installments over a period of three, six or 12 months without any interest.
The service is available to the center’s community companies when using any of the credit cards issued by Emirates NBD for individuals and companies, with a minimum of 500 dirhams.
Advantages
This partnership offers more than 17.5 thousand companies present in the center the benefits of making regular payments conveniently and easily, thus enhancing their liquidity and financial flexibility.
This installment plan helps new companies manage the costs related to establishing their business more flexibly without incurring any additional costs. In addition, customers who use credit cards for individuals can easily transfer their payments, using the application of banking services via smart phones, or online banking services. Or short text messages, while corporate card holders can contact the customer relationship manager, or the bank’s call center, to request the said payments.
starting point
The Executive Director of the DMCC Free Zone, Ahmed Hamzah, said, “Supporting the business community has been at the top of our priorities over the past few months, and we will continue to support us as we move forward towards this current stage, which is witnessing a return to business and recovering from the (Covid-) pandemic. 19) ».
He added: “Our partnership with Emirates NBD comes as an extension of the business support package that has been expanded and extended, finally, and we believe that it will be a starting point to enhance the resilience of the local economy in Dubai during these difficult times, and it will also complement the efforts made to establish the emirate’s position and a preferred destination for practicing Business, during the coming months and years ».
Hamzah added, "We are fully confident that through partnerships and strengthening cooperation, we will be able to rise again and restore our strength and overcome the current challenges while maintaining the strength and durability of our local economy."
flexibility
For his part, Executive Vice President and Head of Retail Banking Services in the Emirates of Emirates NBD, Marwan Hadi, said: “We are pleased to cooperate with the Dubai Multi Commodities Center to offer this program that will allow our customers to conduct their business with more comfort and flexibility, and this comes within the framework of a group of The procedures that we initiated to implement for the benefit of customers from the small and medium-sized companies and individuals, with the aim of providing financial assistance and support during this period.
Support incentives
The new installment plan comes after the recent Dubai Multi Commodities Center initiative, which is the largest business incentive package launched by the center throughout its history, last March, which aimed to support existing and new companies and enable them to overcome the challenges of the "Covid-19" pandemic.
In light of the strong interest and positive reactions that the center sensed among the business community in Dubai towards the first support package, the center expanded the package and extended its period until the end of last August.
17.5
A thousand companies in the center are currently taking advantage of the benefits of making regular payments.
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