DP World has announced across-the-board reductions in licence registration and administration costs for companies operating in Jebel Ali Free Zone (Jafza), as well as for new investors. The new Jafza Customer Support Initiative is designed to cut business-related fees by between 50% and 70% for registration, licensing and related administrative functions.
The initiative is expected to immediately assist more than the 7,500 businesses that operate out of Jafza as well as hundreds of new businesses that are planning to start up in the Free Zone. In addition, a range of other online services will now be offered free of cost as a direct result of Jafza’s on-going digitalisation process.
Mohammed Al Muallem, CEO and Managing Director, DP World, UAE Region and CEO of Jafza, said: “It’s a timely move to inspire our customers towards pursuing their business targets with greater confidence and purpose. It’s specifically designed to create value and opportunities for the companies to channel their resources to support their activities sustainably. We believe this forward-looking initiative will enable companies to do business in a smarter way and generate more business and create new jobs.”
DP World, UAE Region accounts for over 33.4% of Dubai’s GDP. The group says it believes this initiative will further enhance the ease of doing business at Jafza, and will thereby help to continue to support Dubai’s position as one of the global centres for commerce and trade.