Latest News

CONNECT, NOW.
We understand the importance of availability, and we act on it.

Dual Licenses – Free Zones and Onshore in the UAE

3/10/2018

Abu Dhabi Department of Economic Development recently announced the launch of the first phase of Dual Licenses Initiative.

Abu Dhabi Department of Economic Development recently announced the launch of the first phase of Dual Licenses Initiative. Dual Licenses Initiative enables the companies in free zone to also carry out activities onshore. Hence, the companies registered in Abu Dhabi free zones can carry out activities onshore in Abu Dhabi, Al Ain and Al Dhafra.

This initiative aims to encourage economic development across the emirate. On the launch of the second phase of this initiative, more companies will be qualified under this initiative.

The Dubai Department of Economic Development has already issued such schemes. For example, Dubai’s Airport Free Zone and Dubai International Financial Centre (DIFC) had declared last year about signing of the memorandum of understanding with the Dubai Department of Economic Development that enables the companies incorporated in these free zones to operate onshore in Dubai.

These initiatives and agreements aim to increase levels of corporate governance, compliance and transparency within the free zones. This shall also help the authorities develop a central repository wherein data exchange will be transparent. However, the companies must still obtain the free zones’ registration and license first to qualify under these schemes.

You might also like...
Borrowers and Credit Card Holders Beware!
On 4 May 2022, the Central Bank of UAE (CBUAE) raised the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 points. This decision was influenced after the U.S. Federal Reserve raised its target rate by 50 points in the face of inflation.
read More
Small Business Owners, Rejoice!
The UAE has always been an attractive hub for business owners from all over the world due to its tax-free commerce status. The government is now focusing on new beginnings and has set new rules to help local and small businesses thrive.
read More
Looking to Set-Up your Business? Don't Miss this Opportunity!
Check out this game-changing package which benefits investors in terms of paying the fees for their business setup on an ongoing monthly basis. Potential investors are required to sign a lease contract and move their operations into the free zone before the end of January 2022 to avail the offer!
read More
SEE ALL INSIGHTS
Thanks, got it!
Something went wrong, please try again.

Use our online calendar to set up your own appointment and connect to an elawyer for a consultation.