New investors can now receive a 70 per cent discount on business set-up related costs.
That's according to DP World UAE Region, which announced that these reductions apply to licence registration and administration costs.
Companies that are operating from the Jebel Ali Free Zone (JAFZA) can also avail the offer.
The initiative will assist more than the 7,500 businesses that operate from the free zone and hundreds of new businesses looking to set-up their companies in the area.
Photos: UAE’s first operational vertiport unveiled in Abu Dhabi
The UAE's first operational vertiport for vertical take-off and landing aircraft (eVTOLs) has been unveiled in Abu Dhabi.
France's air traffic control strikes ground flights across Europe
Delays and flight cancellations were set to impact swathes of Europe on Thursday, after authorities failed to reach a deal with some French air traffic control workers to avert a strike.
Blinken to meet businesses in Shanghai as he kicks off tough China trip
US Secretary of State Antony Blinken will meet business leaders in Shanghai on Thursday as ties between Washington and Beijing stabilise, pushing to resolve a raft of issues threatening the newly gained equilibrium between the rivals.
Tesla promises 'more affordable' cars after shelving all-new Model 2
Tesla said it would introduce "new models" by early 2025 using its current platforms and production lines as it retreated from more ambitious plans to produce an all-new model that had been expected to cost $25,000.
UAE, Oman establish investment partnerships worth AED 129 billion
The UAE and Oman have agreed to establish investment partnerships worth AED 129 billion.
6:00am - 10:00am
The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
10:00am - 1:00pm
Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
John Lyons of Espace Real Estate says there is a slight slowdown in the property market during summer. So we asked him, does this mean prices are negotiable during the summer months?
Lawyer Rebecca Kelly of Clyde & Co. explained why UAE judicial authorities are setting up new offices to deal with financial crime, including money laundering.
Airalo - an eSim company disrupting telco's roaming revenues, has raised $60 million in funding including investment from our own e&.
It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.
The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.
