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Dubai allows free zone companies to expand into mainland with new rules
Dubai has enacted new regulations allowing free zone companies to expand into the mainland by opening branches, contingent on obtaining a license from the Department of Economy and Tourism. This initiative aims to boost investment and economic growth, with licenses requiring annual renewal and separate financial records for operations outside the free zone. The resolution, issued by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, excludes financial institutions under the Dubai International Financial Centre and mandates inspections in line with federal and local laws.
Dubai allows free zone businesses to expand into mainland markets
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has announced a new regulation allowing Dubai free zone businesses, excluding financial institutions under the Dubai International Financial Centre, to expand operations into the mainland. This expansion requires necessary approvals from the Dubai Department of Economy and Tourism.
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