DWTC free zone reduces licensing fees by up to 70%

DUBAI / WAM

The Dubai World Trade Centre (DWTC) has announced up to 70 percent reduction on licencing and incorporation fees within the DWTC Authority (DWTCA), a Free Zone (FZ) offering offshore licences for businesses, and ‘One Central’, to spur business and benefit multi-sector growth.
The DWTC’s programme will provide highly competitive offerings with the twin objectives of supporting inward flow of greater FDI and accelerating private-sector contribution to Du-bai GDP in line with the dire- ctives of HH Sheikh Mohammed bin Rashid Al Mak- toum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to reduce the cost of doing business in Dubai. This will lead to cementing its position as the global investment destination of choice, and ably complementing consequent series of economic stimulus policies and regulations approved by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council.
Helal Saeed Almarri, Director-General of the DWTCA and Dubai Tourism and Commerce Marketing, said, “The UAE’s bold economic initiatives demonstrate the strength and resilience of its economy, which is agile, open and inclusive.”