Coronavirus: Dubai’s DMCC announces package to support businesses – The National

Coronavirus: Dubai’s DMCC announces package to support businesses – The National

Coronavirus: Dubai's DMCC announces package to support businesses. Relief measures include 100 per cent waiver of late licence renewal penalties and office sharing permit fee. Dubai Multi Commodities Centre (DMCC), Dubai's biggest free zone by number of companies, has rolled-out a support package to back its business community while navigating the current economic environment, it said in a statement.. The package, applicable as of April 1, includes a range of discounts and waivers and complements the various economic initiatives announced by the UAE government to support the business and financial sectors.. The support package is in line with DMCC's commitment to make sure the UAE remains the chosen place to do business, said Mr Sulayem. ". Some of the measures applicable to DMCC's existing 17,000 member companies include 100 per cent waiver on late licence renewal penalties, all flexi desk and DMCC Business Centre penalties until the end of 2020, and office sharing permit fee as well as company reinstatement fees.. Incentives for new registration and companies already in the process of registering with DMCC include an 80 per cent reduction on the total company set up fee if shareholders are residents of Jumeirah Lakes Towers and flexible payment options