Sole Proprietorship Company Formation in Dubai

Administration and license registration fee has been recently slashed by Jebel Ali Freezone owner DP World for those businesses who are operating in this freezone area. Cuts are expected to be around 50% to 70%.

According to the MD & CEO of DP World, UAE Region including Jafza’s CEO Mohammad Ali Muallem, this timely move is sure to instill greater confidence among our customers to pursue their business targets without much hindrance and with greater purpose and confidence.

This cut focuses to create opportunities and establish values, allowing companies to channelize their available resources, helping them to sustain their operations. We are of the strong belief that this initiative taken can help companies to carry out its business much smartly, creating more employment and business opportunities.

Over 7,500 businesses are registered currently in this freezone. Contributions made towards Dubai’s GDP by DP UAE World operations are around 33.4%. More investments are expected in this port and freezone. Landmark Group, the previous year had launched logistics & distribution hub amounting to Dh1 billion in this freezone. Jebel Ali Port also witnessed launch of a chemical terminal project with AquaChemie pumping in Dh150 million.

With cuts made in the fee, other freezones located within the emirate are sure to be prompted to take such similar steps providing ample relief to businesses operating in the region.

Al Muallem further added that Dubai’s economic development has further progressed with trade & commerce and DP World is considered to be a pivotal player to support it. Our flagships Jebel Ali Freezone & Jebel Ali Port are connected quite closely with the companies that have opened up its business here and provide them with the latest infrastructure facilities as well as investment incentives, helping them to stay connected with the global markets.

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Originally posted 2021-09-29 04:51:07.