Dubai: Financial Support Extended

Dubai Economy has announced various financial support measures are going to be extended to September. They made the announcement on their official Twitter account. The support includes allowing payments to be made in 12 instalments and cancelling all delay fines for all Government services, like accumulated fines for delays in renewing business licenses). It also includes removing the mandatory requirement for commercial licenses to be renewed. In addition, lease contracts only have to be renewed in terms of licenses and an initial 25% payment requirement to pay Government license fees in instalments is revoked. Finally, 2.5% of municipality fees are frozen. Full story

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