7 Aug 2018
UAE: Dubai Airport Freezone Cuts FDI Fees in Bid to Boost Competitiveness
The fee for registering a FDI-backed business within the Dubai Airport Freezone has been cut by 65%, while the costs of acquiring the required licenses and visas for employees have been reduced by 33% and 20% respectively. In addition, the AED1 million (US$ 272,244) minimum capital required to secure a general trading licence has been cut by 50%.
These incentives have been introduced in a bid to maintain the competitiveness of the country’s Free Trade Zones (FTZs) following the federal government’s earlier decision to allow 100% overseas ownership of locally-registered companies in certain business sectors.