Latest News

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

Dubai’s JAFZA to Waive Customer Fines

27/5/2019

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...
UAE: MASK FREE Except for 3 Public Areas
Starting Wednesday, September 28, mask-wearing is optional for all "open and closed facilities and spaces", except for hospitals and medical facilities, mosques, and public transportation means like buses, Dubai Metro and Dubai Tram.
read More
Beware of Big Ticket Abu Dhabi’s Scammer Account
Organizers of the popular mega raffle draw Big Ticket Abu Dhabi have issued a fraud alert, warning the public of a fake social media account that claims to be its "second account" and bears the handle "@bigtiicketauh".
read More
Digitisation of RTA Licensing Services
'Click and Drive' will digitise the entire process of obtaining drivers' licenses, including a first-of-a-kind mobile eyesight testing service in the region that is currently run by Al Jaber Optical.
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.