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UAE Free Zones’ Continuously Support SMEs

April 07, 2020

UAE Government is thoroughly supporting enterprises and community through this challenging period to keep our people and country sustainable and safe. We are proud to be the part of our country, which is working closely with everyone to weather this storm together and leads us to be stronger and more resilient.

The Abu Dhabi Global Market (ADGM), has launched a set of financial and support measures to mitigate the impact of the coronavirus (COVID-19) pandemic on registered entities operating in its financial free zone on Al Maryah Island.

The ADGM support measures are effective immediately and many of which are applicable until late March 2021.

The ADGM support measures include:

  • 100% waiver on Commercial Licence renewal fees (with exception of SPVs and foundations licences) until 25 March 2021
  • 100% waiver on Business Activity renewal fees until 25 March 2021
  • 100% waiver on Data Protection renewal fees until 25 March 2021
  • 100% waiver on new Temporary Work Permits issuance, renewal and late application fees until 25 March 2021
  • 100% waiver on annual Funds fees until 31 December 2020
  • 100% refund of annual Funds fees already paid by FSRA regulated entities for 2020
  • 50% refund of Supervision fees already paid by FSRA regulated entities for 2020
  • 50% waiver on any new FSRA Supervision fees to be collected until 31 December 2020
  • Deferment of rental payments and service charges for office tenants at ADGM Square on Al Maryah Island for 2020

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