Dubai International Financial Centre is Launching a New Business Stimulus Initiative

Dubai International Financial Centre is Launching a New Business Stimulus Initiative

I write to reassure you that the wellbeing of our community continues to be our highest priority.. In order to continue providing the best business environment, and as part of the wider economic stimulus initiatives announced by the Dubai Free Zones Council in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President, Prime Minister of the UAE and Ruler of Dubai and & the directives of His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, the DIFC Authority is launching a new "Business Stimulus Initiative".. With the aim of reinforcing business confidence under these exceptional circumstances, our Initiative provides both our corporate and retail clients with much needed relief through five packages which will be in place for the next three months.. Packages include a waiver of annual licensing fees on new registrations during the next three months, and a 10% discount of renewal fees for existing license holders in the DIFC that are due to renew their licenses during this period.. The DIFC will allow deferred payments in respect all properties owned by DIFC Investments for a period up to