Dubai South announces incentives for Free Zone companies

Measures include support for company formation, licence renewals and fine exemptions

Staff Writer
Dubai South
Image: Dubai Media Office

Article summary

AI Generated

Dubai South Free Zone has launched new incentives to bolster its business community, including support for company formation, licence renewals, and waived late fees. This initiative aims to enhance competitiveness and resilience within Dubai's free zone ecosystem, aligning with the Dubai Free Zones Council's objectives.

Key points

  • Dubai South offers new incentives to support its Free Zone business community.
  • Measures include help with company formation and licence renewals.
  • Exemptions from late renewal fines are also part of the support package.

Dubai South has announced a set of incentives for companies operating within its Free Zone, reinforcing its commitment to supporting the business community and sustaining momentum.

The move is aligned with the efforts of the Dubai Free Zones Council to enhance the competitiveness and resilience of Dubai’s free zone ecosystem. The initiative introduces a range of measures designed to facilitate business continuity and ease requirements for companies.

The incentives include support for the formation of companies, facilitation of licence renewals, and exemption from late renewal fines.

Dubai South Free Zone rolls out support measures for businesses

“Dubai South remains committed to supporting our business community by introducing measures that facilitate growth and continuity,” Nabil Al Kindi, Group CEO of Dubai South said in a statement.

“This latest initiative builds on our ongoing efforts to provide support across our ecosystem, including the recently announced measures for SMEs at the Business Park. It also aligns with the vision of our wise leadership and the broader economic direction of the UAE, and reflects our continued focus under the ‘Dubai South in Motion’ initiative to sustain business momentum and reinforce confidence,” he added.

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Dubai South continues to serve a base of companies from the region and beyond, offering a location, infrastructure and a business environment that supports growth over the long term.