Dubai freezones launch economic stimulus initiatives

The second stimulus package is focused on the nearly 45,000 companies based in Dubai free-zones. Even though each freezone operates under its own rules and regulations, due to the impact caused by COVID-19, they have all aligned their strategy in support of Dubai’s economy. The stimulus package announced by the Dubai Free-Zone Council includes:

– The postponement of rent payments for up to 6 month

– The facilitation of financial payments through easy monthly instalments

– The refund of various insurance and guarantees claims

– The wave of fines for companies and individuals

– The facilitation of the free movement of labour

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