DP World announces up to 70% reduction in business set-up costs for JAFZA-based companies
DP World, the Middle East’s premier logistics and business hub operator, has announced across-the-board reductions in license registration and administration costs for companies operating in its flagship Jebel Ali Free Zone (Jafza) as well as for new investors.
The far-reaching Jafza Customer Support Initiative is designed to slash business-related fees by between 50 per cent and 70 per cent for registration, licensing and related administrative functions.
The initiative will immediately assist more than the 7,500 businesses that operate out of Jafza and hundreds of new businesses attracted by the premier Free Zone’s plug and play infrastructure and solutions for trade.
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 & Managing Director, DP World, UAE Region and CEO of Jafza, said, “The initiative is highly significant and in line with the recent call by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, to bring down the cost of doing business and enhance investor experience. 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 contributes to over 33.4% of Dubai’s GDP and believes this initiative will further enhance the ease of doing business at Jafza, and continue to position Dubai as one of the global centres for commerce and trade.