One of the strategic business hubs established by the regional government, Dubai South Free Zone has extended its incentive package for Business Park and Business Centre clients until the end of the year to ensure their business continuity during the recovery period.
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The Support Package
Dubai South’s stimulus package offers a 50 percent reduction to Business Centre set up fee as well as towards license fee for new company formation and renewals at the Business Park and Business Centre. These reductions are available to those who submit their applications after 26 July 2020.
The zone has also provided its occupants with flexible payment plans such as easy installment schemes along with a waiver of penalties for late renewals and cancellations of contracts and licenses. The extended stimulus package is subject to terms and conditions.
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Aviation City Corporation and President of the Dubai Civil Aviation Authority, DCAA, said: “This extension complements the recent stimulus package announced by the government and its ongoing efforts to help businesses adjust to the new normal. The stimulus package is in line Dubai South’s strategic goals to strengthen Dubai’s economy by supporting businesses as well as empower new investors to enter the market. It is our responsibility to support our existing clients and companies who are trying to establish their businesses at Dubai South, particularly during these challenging times. We understand that the business community is in need of extended support and flexibility, and we are committed to channeling our efforts into reinvigorating the business sector.”
Dubai South
Launched in 2006 as a Government of Dubai project, Dubai South is an emerging, 145 sq. km master-planned city centered on the objective of enhancing the happiness of the individual which aligns with the aims of Dubai Plan 2021.
The sustainable development of the project is designed to accommodate a population of a million inhabitants and create 500,000 jobs in an integrated, economic environment that supports all types of businesses and industries.
