Dubai free zone declares up to 70% cut in business set-up costs

Dubai free zone declares up to 70% cut in business set-up costs

For new investors, as well as companies already working in Jebel Ali Free Zone (JAFZA), the government of Dubai has elected to reduce the costs associated with Business license registration and other administrative tasks.

At JAFZA, their pervasive Customer Support Initiative was conceived to slice all business-related expenses like business registration, licensing, and other related administrative functions by a whopping fifty to seventy percent.

According to the new statement issued by the DP world, hundreds of new businesses and over 7,500 firms working out of JAFZA pulled in by its superior infrastructure, and ingenious solutions for trade will all benefit from this decrease in costs. In addition to that, several other online services will also be proposed for free to assist the companies working there and will help the free trade zone step into the world of the digitalization that it is striving to attain.

The CEO of DP World, and the CEO of JAFZA, Mohammed Al Muallem, stated: “This initiative is highly significant, especially in these challenging times. It is a timely move amidst this global pandemic that will inspire our customers to pursue their business goals and will uplift their spirits so that they can tackle anything with greater confidence and determination.”

He further stated: “It is particularly devised to build value and opportunities for the businesses to channel their resources to support their business activities in this time of crisis. We believe this visionary initiative will facilitate companies to do business more smartly and generate more business, thus, leading to the creation of more new jobs.”

DP World, UAE Region has said that a massive percentage of Dubai’s GDP approximately 33.4 percent is due to its contribution. Moreover, the authorities firmly believe that this initiative will entirely make it a lot more manageable to do business in JAFZA free zone, reinforcing Dubai’s reputation as one of the global centers for commerce and trade.

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