- March 16, 2020
- Posted by: Aswani
- Category: Blog
There is some good news for companies operating in Jebel Ali free zone; the free zone has decided to reduce the cost of license registration and administration of companies by up to 70 percent.
There will be a reduction of 50-70 percent in business-related activities for companies operating in JAFZA and for new investors. The activities include registration, licensing and related administrative functions and certain online services will be offered free of cost.
According to Mohammed Al Muallem, CEO & Managing Director, DP World, UAE Region and CEO of Jafza,”It’s specifically designed to create value and opportunities for the companies to channel their resources to support their activities sustainably. We believe this forward-looking initiative will enable companies to do business in a smarter way and generate more business and create new jobs.”
“Trade has always powered Dubai’s economic development and DP World has played a central role in supporting it. The activities of our flagships Jebel Ali Port and Jebel Ali Free Zone are very closely connected with companies located there to take advantage of the world class infrastructure facilities and investment incentives and to connect to global markets.
The twin economic growth engines are examples to the world and serve as models DP World is rolling out in other locations across our network worldwide. As wealth generators, they are critical infrastructure assets that underpin prosperity and success for our nation,” said Al Muallem.
JAFZA is owned by DP world, which contributes over 33.4 percent of Dubai’s GDP. The new initiative will further enhance the ease of doing business at JAFZA along with elevating Dubai’s status as one of the global centres for commerce and trade.