The Dubai Financial Services Authority, the regulator of Dubai’s tax-free financial center, proposed relief measures to support new and existing entities at the business hub amid the coronavirus pandemic.
For new firms:
- Additional time for completing application and authorization processes
- 50% reduction in application fees for the remainder of 2020 and flexibility in requirements for permanent premises
- Waiver of registration fees for the remainder of 2020 in the case of domestic funds
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