Abu dhabi: Dubai International Financial Centre (DIFC) is introducing a targeted package of temporary economic support measures to assist its business and retail community as the region emerges from the current environment.
According to Emirates News Agency, the initiatives are designed to ease short-term operational and financial pressures, and are effective immediately. Arif Amiri, Chief Executive Officer of DIFC Authority, emphasized their commitment to support clients, partners, and employees with reassurance and relief when needed most. The measures aim to ease immediate pressures while reinforcing the strength, resilience, and sustainability of the DIFC ecosystem, ensuring Dubai's position as a leading global financial centre.
The DIFC Authority's initiatives include flexible payment plans for retail and commercial sectors, installment plans for license renewal fees, and additional support for retailers. Grace periods will also be provided for certain administrative payments related to lease contracts, Registrar of Companies, Data Protection Department, and registering employees into DEWS.
Additionally, the Dubai Financial Services Authority (DFSA) is introducing temporary regulatory relief measures to support both new firms seeking authorization and existing regulated firms within the Dubai International Financial Centre.
