Dubai exempts firms from late licence fines

07 January 2010

A decree has been issued by Dubai's ruler exempting firms operating in the emirate from all fines imposed on them for not renewing their licences on time, as part of the emirate's strategy to help firms reduce their financial burden, Gulf News has reported. The exemption also includes companies operating in special development districts and free zones. However, firms must rectify their status before the grace period ends in June to be eligible to benefit from this privilege, according to the decree.

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