DFZC approves free zones business portal

DUBAI: The Dubai Free Zones Council ( DFZC) recently held its 15th meeting virtually, headed by His Highness Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Free Zones Council, to review the progress on several of its initiatives.

During the meeting, the Council examined the development of a comprehensive postcoronavirus action plan for free zones in Dubai, the free zones business portal, the establishment of a gaming-exclusive zone, the requirements for implementing the economic substance regulations (Cabinet of Ministers Resolution No. 31 of 2019), and the existing collaboration between DFZC and the Department of Economic Development in Dubai on the protection of consumer rights.

Speaking on the meeting’s discussions, His Highness Sheikh Ahmed bin Saeed Al Maktoum said: “The post-coronavirus action plan for free zones supports their existing efforts to enhance their position in supporting the national economy. It also complements the development of a comprehensive geo-economic map for Dubai, in line with the with the Fity-year Charter, following the Free Zones 2.0 model that aims to position Dubai as a world-class investment destination across sectors.”

The Council approved the free zones business portal initiative, which will provide investors with a unified communications channel to reach all the free zones in Dubai and facilitate their decision-making process in choosing the most fiting free zone for their business needs.