DAFZA unveils incentives package for companies

iStock [For illustration]

An economic incentive package has been announced by the Dubai Airport Freezone Authority (DAFZA) to support businesses affected by the COVID-19 pandemic.

The initiative includes postponing lease payments for up to three months and introducing monthly installment plans for settling financial dues.

The free zone is also cancelling fines issued to companies in addition to refunding their security deposits on leased spaces and labour guarantees.

Meanwhile, new firms are being exempted from registration and licensing fees.

"DAFZA is a key partner for many companies operating in more than 20 vital sectors within the free zone. This package will guarantee continuity and commercial movement within the free zone," said H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DAFZA.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 11:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • Lunch with Lloyd

    11:00am - 2:00pm

    No one knows entertainment better than veteran Dubai broadcaster Mark Lloyd.


On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.


    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!