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Tue 10 Mar 2020 02:50 PM

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

Jafza Customer Support Initiative aims to slash business-related fees by between 50-70% for registration, licensing and related administrative functions

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

Jebel Ali Free Zone.

DP World has announced across-the-board reductions in licence registration and administration costs for companies operating in its flagship Jebel Ali Free Zone (Jafza) as well as for new investors.

The far-reaching Jafza Customer Support Initiative is designed to slash business-related fees by between 50-70 percent for registration, licensing and related administrative functions.

DP World said the initiative will immediately assist more than the 7,500 businesses that operate out of Jafza and hundreds of new businesses attracted by the free zone’s plug and play infrastructure and solutions for trade.

In addition, a range of other online services will now be offered free of cost as a direct result of Jafza’s on-going digitalisation process, a statement said.

Mohammed Al Muallem, CEO and managing director, DP World, UAE Region and CEO of Jafza, said: “The initiative is highly significant... It’s a timely move to inspire our customers towards pursuing their business targets with greater confidence and purpose.

"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.”

DP World, UAE Region said it contributes to over 33.4 percent of Dubai’s GDP, adding that it believes this initiative will further enhance the ease of doing business at Jafza, and continue to position Dubai as one of the global centres for commerce and trade.

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