June 24, 2020
Commercial Bank of Dubai (CBD) have recently announced that Dubai Economy Department (DED) Trader licence holders can open a CBD bank account with ‘zero balance’ and minimal paperwork, secure preferential rates on local and international transfers and get a free cheque book. Business owners will also have the opportunity to earn up to 100% of their trade licence fees back based on the average daily balance maintained in their accounts. In addition, they can get a CBD credit card and convert their licence fee into 0% easy payment plan payable over a period of 6 or 12 months. Such measures will enable startups to conduct business seamlessly.
This comes as part of our strategic partnership with Dubai Economy Department and the government to enhance the overall business environment of Dubai and support entrepreneurs by providing them with the relevant products and services to set up and promote their businesses.
Since the early days of covid19, the UAE government has taken multiple unprecedented measures to support its people and businesses. The initiatives are countless and has been safeguarding businesses across all sectors to go through pandemic unitedly. As the result, UAE now is coming back to the usual business pace.
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