Major free zones in Dubai are working the regulations to allow businesses to operate across various free zones with a single license.
Ahmad al Haddad, Chief Operating Officer at the Parks and zones at DP World said
“There are still some areas where we will need a better understanding to make it work best. But, serious discussions are definitely on. There will be terms and conditions that will need to be unified across the various free zones before the single license. That’s what we are working on.”
“No timelines have been set for now to launch it formally” he added.
The Dubai free zone council, consisting of freezones in Dubai had come out with the idea of ‘’ One Free Zone Passport”. This will enable a business to operate in other free zones in Dubai if it is registered in any of the free zones in the emirate.
The businessmen eagerly waiting for this to become a reality. That way, businesses will save cost and paperwork involve in acquiring new licenses.