Latest News

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

Dubai’s JAFZA to Waive Customer Fines


The UAE currently ranks 11th in the World Bank’s Ease of Doing Business and Dubai’s JAFZA (Jebel Ali Free Zone)

The UAE currently ranks 11th in the World Bank’s Ease of Doing Business and Dubai’s JAFZA (Jebel Ali Free Zone) has played an important role in this positive rating. This free zone continues to be a leading source of Foreign Direct Investment and accounts for nearly 24 percent of Dubai’s total yearly inflow.

In commemoration of the UAE government’s designation of 2019 as the ‘Year of Tolerance’, JAFZA has announced that it will waive an estimated UAE Dirhams 35 Million in fines owed by its customers.  The waiver of fines will also support the UAE government’s goal of further enhancing its Ease of Doing Business rating and incentivizing new companies and investors who consider their operations in the Middle East.

This initiative is also expected to impact Dubai’s economy positively as these funds will now allow firms to increase investment in their operations and help them grow. JAFZA not only wants to promote tolerance but also help and support the communities it serves.

You might also like...
Emiratisation Penalty upto AED 72,000/- Will Take Effect from 1 Jan 2023
Starting from 1 January 2023, private sector companies with 50 employees or more that have not raised Emiratisation targets by 2% of skilled jobs in 2022, will be fined according to the Ministry of Human Resources and Emiratisation (MoHRE).
read More
FTA Sets Deadline 31 December 2022 to Apply for Re-determination of Administrative Penalties on Taxes
The UAE's Federal Tax Authority (FTA) urged eligible registered taxpayers to apply for the re-determination of administrative penalties on taxes prior to the 31 December 2023 deadline.
read More
Facilities for Small Projects Subject to Corporate Tax
The Ministry of Finance revealed its intention to offer facilities for small projects subject to corporate and business tax, noting that details of these facilities will be announced during the first half of next year.
read More
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.