Subscribe Free
in Airports

DAFZA enables customers to obtain dual licenses to operate across Dubai

Posted 25 September 2017 · Add Comment

The Dubai Airport Freezone Authority (DAFZA) recently signed an MoU with the Department of Economic Development (DED) in Dubai to allow DAFZA's hosted companies to obtain dual licenses to operate across Dubai.

The MoU is in line with intensified efforts between DAFZA and DED to support the Dubai Government's goal of establishing a diversified and flexible knowledge-based economy driven by innovation and investment.

The agreement aims to strengthen cooperation on initiatives targeting all aspects related to providing economic support for DAFZA’s main services. It will also facilitate collaboration on areas of common interest that help achieve the strategic objectives of both parties. H.E. Dr. Mohammed Al Zarooni, Director General of DAFZA, and H.E. Sami Dhaen Al Qamzi, Director General of DED, were the official signatories.

The MoU aims to enhance coordination through the licensing and activities of companies operating in DAFZA. Applicants must obtain the approval of the freezone first, in accordance with the stipulated conditions.

Under the terms of the agreement, DED may modify or add any activity related to the licenses of companies subject to the approval of DAFZA. Both parties will work closely to improve the levels of governance, compliance and transparency for businesses working within DAFZA. They will also monitor and inspect licensed companies to ensure their compliance with the applicable laws on various commercial activities, particularly the Law on the Suppression of Fraud and Deception in Commercial Transactions, the Consumer Protection Law, the Commercial Transactions Law and Commercial Agencies Law.

Dr. Al Zarooni said: “The MoU complements DAFZA’s leading role in increasing the flow of FDIs, and is in line with our Strategic Plan for 2017 to 2021 which sets goals that support the national and economic objectives of our wise leadership as well as the ambitious strategic targets of the Dubai Government. We are confident that this new licensing agreement will add significant value to the economy of Dubai and the UAE in general, as it will help attract international investors and offer a unique business experience serving the best interests of companies operating within the freezone.” 

Sami Al Qamzi, Director General, Department of Economic Development, said: “We at the Department of Economic Development are committed to improving our services to achieve sustainable economic development and enhance competitiveness as well as convenience so that businesses in Dubai can cope with continuous changes and concentrate their time and efforts on growth. The agreement with DAFZA aims to streamline procedures by diversifying the service channels of our Department and enhancing transparency in licensing free zone entities. In order to implement the principle of transparency in the retail sector, the DED will supervise and inspect the licensed institutions to ensure compliance with the laws related to commercial activities especially federal laws, particularly the Anti-Commercial Fraud Law, Consumer Protection, Commercial Transactions and on Commercial Agency.”

Al Qamzi added that DED will continue to develop Dubai’s business environment to remain competitive in line with the emirate’s world-class infrastructure. “We are guided by the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to make Dubai a preferred place to live, work and visit as well as a smart and sustainable city and a pivotal hub of the global economy by 2021,” he said.

The MOU signing ceremony concluded with a tour of the DAFZA Square for the DED delegates. The group visited the Square’s modern facilities such as the new Business Center and Auditorium equipped with state-of-the-art technology and equipment to provide a unique quality experience for the freezone’s investors.

 

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Kuwait probes Airbus Helicopters deal

Kuwait Prime Minister, Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, has ordered an investigation into the €1 billion ($1.19 billion) order signed by the air force for 30 H225M Caracal multirole military utility helicopters, 24 of them

FIA2018: Rockwell Collins recognised by Airbus as a top performer for avionics support

Rockwell Collins has been honoured with a Customer Services Award for its avionics service by Airbus and its customer airlines at a special ceremony at the Farnborough Air Show held yesterday.

FIA:2018 Boeing and Novus announce commitment for up to four 777-300ERs

FIA2018: Boeing and Dubai-based aircraft lessor, Novus Aviation Capital, announced its first direct agreement with Boeing for up to four 777-300ERs at the 2018 Farnborough International Airshow.

FIA2018: Wataniya Airways signs a contract for the E195-E2

In a deal that will see the Middle East’s first E2 operator, Embraer announced at the Farnborough Airshow 2018, that it has signed a firm order for 10 E195-E2 aircraft with Kuwaiti airline, Wataniya Airways.

SaudiGulf Airlines launches new mobile app powered by CellPoint Mobile

CellPoint Mobile has partnered with SaudiGulf Airlines to develop and launch the airline’s first mobile app to support booking. As part of the launch, CellPoint Mobile enables payments through SADAD, the national electronic payment

Emirates celebrates five million passengers in Beirut

Emirates celebrated its five million passenger mark at Beirut Rafic Al Hariri International Airport. The airline has been operating in Lebanon for more than 27 years and in celebration of this milestone, a handful of passengers were

TAA SK0902311218
See us at
Aviation Africa BT0607280219ASDubai BT1004091018MAPS18_BT1207131118AIME19BTA3005120219BIAS BT271017161118GATM BT1004061118Cargo BT1004091018MEBAA BT1004121218Istanbul Airshow BT22018