Loyal Lovin readers can support Lovin so we can continue to share the stories of all amazing cities
Minimum custom amount to enter is AED 2
By donating, you agree to the Privacy Policy and Terms of Service
Hotels And Restaurants Are Among Those To Benefit From A New Government Relief Plan Worth AED 1.5 Billion
Hotels And Restaurants Are Among Those To Benefit From A New Government Relief Plan Worth AED 1.5 Billion
Under the directive of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of Dubai Executive Council announced on Saturday, July 11 that a new economic stimulus package of AED1.5 billion has been approved for the business sector.
The latest stimulus package brings the total incentive package to AED6.3 billion. Explained by Sheikh Hamdan himself, the newly introduced stimulus package is to;
- Enhance the liquidity of companies
- Support their business continuity
- Reduce their cost
- Facilitate procedures
Recommended
From Strauss To Zimmer: Re-Live The Magic With The Limitless Orchestra
Dubai Duo To Conquer 7 Marathons On 7 Continents In 7 Days For Charity Cause
Abu Dhabi Ends 2024 Supercross Season With A Bang!Coronavirus: Dubai Crown Prince announces over $400 million economic stimulus package @HamdanMohammed #Dubai https://t.co/5H3fpj85hb
— عبدالله المطوع🇦🇪 (@AAlmutwah) July 11, 2020
Hotels and restos: These establishments will receive a refund for half of the hotel sales value fee of 7% for the period from July to December 2020, in addition to a refund of half of the tourism dirham fee, until the end of December
اعتمدنا ضمن الحزمة استرداد المنشآت الفندقية والمطاعم لنصف قيمة رسم مبيعات الفنادق البالغ 7% للفترة من يوليو حتى ديسمبر 2020، بالإضافة إلى استرداد نصف قيمة رسم درهم السياحة وتمتد حتى نهاية ديسمبر المقبل.
— Hamdan bin Mohammed (@HamdanMohammed) July 11, 2020
Construction: Authorities have directed quick financial payments to contractors, as well as the return of all financial guarantees for construction and building activities related to the commercial licenses deposited
This is to be replaced by another system that guarantees all the rights of the contracting parties.
كما وجهنا بالإسراع في دفع المستحقات المالية للمقاولين وكذلك رد جميع الضمانات المالية لأنشطة التشييد والبناء المرتبطة بالرخص التجارية المودعة لديها.. على أن يتم استبدالها بنظام آخر يضمن جميع حقوق الأطراف المتعاقدة.
— Hamdan bin Mohammed (@HamdanMohammed) July 11, 2020
Schools have been exempt from fines and private schools from the renewal fees of the commercial and educational licenses until the end of December, 2020
واعتمدنا مبادرة إلغاء الغرامات وإعفاء المدارس الخاصة من رسوم تجديد التراخيص التجارية والتعليمية حتى نهاية ديسمبر المقبل.
— Hamdan bin Mohammed (@HamdanMohammed) July 11, 2020
Newsletter