UAE – Mubasher: Dubai Multi Commodities Centre (DMCC) has extended its ‘Business Support Package’ to 20 October 2020, according to a press release on Sunday.
Launched in March, the package is the DMCC's largest commercial support aiming to help businesses to reduce costs and ensure their continuity amid the coronavirus (COVID-19) pandemic.
The package, which is applicable to the DMCC's existing 17,500 member companies, includes a reduction for licence renewals and a 100% waiver of penalties.
In addition, the DMCC has inked a partnership agreement with Emirates NBD to enable its member companies to make their payments through flexible and interest-free instalments.
The executive chairman and CEO of DMCC, Ahmed Bin Sulayem, said: "As the largest free zone in the UAE, our decision to extend the Business Support Package is set to boost Dubai’s economic resilience at this critical time and ensure that the emirate remains the chosen place for doing business in the months and years to come."
Meanwhile, the executive director – Free Zone at DMCC, Ahmad Hamza, commented: "By extending our Business Support Package, we enhance the ease of doing business, which in turn ensures that Dubai and DMCC continue to be the destination of choice for businesses, entrepreneurs and people alike."
It is noteworthy to mention that in the first half (H1) of 2020, 805 new member companies have joined the DMCC business district.
