Dubai's DAFZA reduces free zone business set up fees by up to 65% | ZAWYA MENA Edition

Dubai's DAFZA reduces free zone business set up fees by up to 65% | ZAWYA MENA Edition:

Dubai Airport Freezone Authority (DAFZA) has reduced business setup cost by up to 65 per cent, as part of its aim to increase DAFZA’s regional competitiveness and activate several key sectors by attracting foreign direct investment (FDI).

Supporting Dubai’s efforts to become an ideal destination for investment and prosperity, the decision will help achieve further stability for the operational processes of free zone companies and consequently sustain and drive investment growth.

“These incentives were agreed upon following comprehensive studies and polls evaluating the free zone’s initiatives, services, and business environment. This has allowed us to ensure flexibility at DAFZA in meeting the requirements of new foreign investors and current customers. We are offering unique services that take into account the global economic climate and allow customers to increase earnings and operational profits as well as achieve business growth and prosperity. The ultimate goal is to drive local economic development and support the sustainability of direct FDI, accelerating and increasing its contribution to Dubai’s GDP,” said HE Dr. Mohammed Al Zarooni, Director General, DAFZA.