Economic Stimulus Package by ADGM (1.0)
In response to the UAE Government’s efforts to provide economic stimulus to businesses during the COVID-19 pandemic, a number of free zones have announced major relief packages including fee waivers, rent holidays and waiver of penalties.
On 1 Apr 20, the ADGM’s Registration Authority (RA) and Financial Services Regulatory Authority (FSRA) announced a set of financial and support measures for existing businesses operating in ADGM, supporting their ADGM-based establishment amidst COVID-19 pandemic.
Whom do they apply?
These incentives apply to existing business operating in ADGM.
How long is the incentive period?
The incentive is effective until 31 Dec 20 for FSRA fees and until 25 Mar 21 for RA fees.
What’s the incentive?
The incentive includes:
