Postponement of rent for 6 months at Dubai free zones

Postponement of rent for 6 months at Dubai free zones

The Dubai Free Zones Council has announced a major relief package for companies operating in free zones.. including rent postponement up to six months to help them overcome Covid-19 challenges.. In addition to rent postponments, the package includes facilitating payments through easy installments, refunding insurance amounts, cancelling fines on companies and individuals, refunding security deposits and guarantees, and temporary contracts that allow the free movement of labour between companies operating in the free zones.. The entities that contributed to this economic stimulus package, in coordination with the Dubai Free Zones Council, include the Dubai Silicon Oasis Authority, the Dubai Airport Free Zone Authority, Jebel Ali Free Zone, the Dubai World Trade Centre, the Dubai International Financial Centre, the Dubai Development Authority, Dubai South, Meydan City Corporation and the Dubai Multi Commodities Centre.. "Dubai free zones are working to support the economic system continuously and at all times to enhances the competitiveness of Dubai and to ensure business continuity for companies in all sectors, especially small and medium companies," said Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Free Zones Council, President of the Dubai Civil Aviation Authority, Chairman of Emirates airline and Chief Executive of the Emirates Group..