Dubai International Financial Centre (DIFC) is introducing temporary economic support measures to assist businesses and retailers as the region navigates current conditions.
Effective immediately, the measures aim to ease short-term operational and financial pressures.
They include flexible payment plans for retail and commercial tenants, instalment options for licence renewal fees, and additional support for retailers.
Grace periods will also apply to selected administrative payments, including those related to lease contracts, the Registrar of Companies, the Data Protection Department, and employee registration under DEWS.
Arif Amiri, Chief Executive Officer of DIFC Authority, said:

“The package of temporary measures we are introducing reflects a thoughtful and proactive approach to easing immediate pressures, while reinforcing the strength, resilience and long-term sustainability of the DIFC ecosystem. We remain confident in the fundamentals of our community and its ability to emerge stronger, which in turn will ensure Dubai continues to advance its position as one of the world’s leading global financial centres.”
Separately, the Dubai Financial Services Authority (DFSA) is introducing temporary regulatory measures to support both new firms seeking authorisation and existing regulated firms within DIFC.
Featured image credit: Edited by Fintech News UAE, based on image by digitizesc via Freepik

