DMCC extends business support package

DMCC extends business support package

The announcement follows the strong appetite and positive reaction from Dubai's business community to the original support package launched in March and the subsequent extension and expansion of the package in July.Measures applicable to DMCC's existing 17,500 member companies include:• 25% discount on 3-year licence renewal• 20% discount on 2-year licence renewal• 10% discount on 1-year licence renewal• 10% discount on all licences expired in 2020 renewal• 100% waiver of late licence renewal penalties• 100% waiver of late lease renewal penalties• 100% waiver of the Office Sharing Permit fee• 100% waiver on change of address fee for relocating from physical office to DMCC Business Centre• 50% waiver of the Company Reinstatement fee, applicable if the licence was terminated by the authority due to non-licence renewal• 50% waiver of dormancy fees•