Under the directives from HH Sheikh Mohammed bin Rashid Al Maktoum, Dubai Free Zone council will be providing an economic stimulus package to help entities deal with the recent global challenges as result of COVID-19.
The recent announcement will include postponement of rent payments for up to 6 months, facilitating financial payments through monthly installments, refunding insurance and guarantees (such as tenant deposits), cancelling certain business penalties for companies and individuals and allowing intra-corporate transfer of labour between companies and sectors operating in free zones.
Under the directives of @HHShkMohd, Dubai Free Zones Council have announced an economic stimulus package to help local entities deal with recent global challenges. Dubai Free Zones remain committed to support the economy while enhancing Dubai’s competitiveness. pic.twitter.com/io5d86qVSt
— HH Sheikh Ahmed bin Saeed Al Maktoum (@HHAhmedBinSaeed) March 29, 2020