The Dubai government has introduced a new permit that allows companies based in free zones to operate within the mainland. This initiative is aimed at boosting business activities by providing greater flexibility and access to the local market without the need for setting up a separate mainland entity.
Key Features of the New Permit
- Eligibility: Free zone companies across all sectors can apply for this permit.
- Scope of Operations: Permits holders can conduct business activities in mainland Dubai, including trade, services, and other commercial activities.
- Cost-Effective: This eliminates the necessity for duplicate licenses, saving significant costs and administrative efforts.
- Streamlined Process: The application and approval process is designed to be efficient, reducing time and paperwork.
Benefits to Businesses
This move is expected to:
- Expand Market Reach: Free zone companies gain better access to the wider Dubai market.
- Enhance Competitiveness: They can now compete on equal footing with mainland businesses.
- Encourage Investment: By simplifying business operations, it aims to attract more investors to Dubai.
- Boost Economic Growth: Increased business activities will contribute to Dubai’s overall economic development.
Implementation and Next Steps
Companies interested in this permit must submit their applications through the designated government portals. Authorities have assured that guidelines and support will be provided to facilitate a smooth transition. This strategic development reflects Dubai’s commitment to maintaining its position as a global business hub.
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