Dubai Healthcare City Authority Reveals Business Relief Package

Dubai Healthcare City Authority (DHCA) has announced a business relief package to alleviate financial challenges faced by various sectors as a result of the Covid-19 pandemic.

DHCA’s Relief Package benefits various business segments in the free zone, including certain outpatient clinics, education providers, hospitality and support services, which have had to close or significantly reduce operations to comply with national precautionary and preventive measures.

Businesses located in DHCA properties will benefit from conditional rental waivers for three months, deferred rental payments for a stipulated period, and reduced fees and waivers for certain services.

DHCA’s Relief Package benefits various business segments in the free zone, including certain outpatient clinics, education providers, hospitality and support services, which have had to close or significantly reduce operations to comply with national precautionary and preventive measures.

Businesses located in DHCA properties will benefit from conditional rental waivers for three months, deferred rental payments for a stipulated period, and reduced fees and waivers for certain services.

The package offers 25 percent-100 percent discount on commercial and clinical fees for all directly-impacted segments, and 25 percent-50 percent discount on commercial and clinical fees for all other segments excluding pharmacies and supermarkets.

Jamal Abdulsalam, CEO, DHCA, said: “These segments are facing revenue losses and need respite from operational expenses. We looked at ways to help these segments better manage their operating costs by introducing waivers and reduced fees.” 

Reduced regulatory fees can be availed for a period of three months with the exception of certain fees related to commercial licenses and clinical operating permits, which can be availed until the end of 2020.

DHCA’s Business Relief Package excludes pharmacies and supermarkets which have been following regular operations.

RECENT NEWS

Saudi Arabia Sees Surge In Cashless Payments As It Adopts Digital Transactions

Saudi Arabia uses digital technology for 79 per cent of retail payments Read more

Al Etihad Payments Signs Global Co-badging Deals For Jaywan Cards With Major Payment Giants

Jaywan cardholders will gain seamless global payment capabilities as UAE’s Al Etihad Payments partners with Visa, Mas... Read more

ADGM RA Fines Christopher Flinos, AC Holding For Cryptocurrency Conversion Violations

According to the RA, AC Holding exceeded the scope of its commercial license by acting as an investment company and off... Read more

ADGM Financial Regulator Imposes $8.85mn In Penalties On Hayvn Group For Regulatory Breaches

The investigation resulted in the cancellation of Hayvn ADGM's Financial Services Permission, and an indefinite prohibi... Read more

UAE Announces New Tax Rule

Ministry of Finance issues new Corporate Tax rules Read more

Al Ansari Financial Services Acquires BFC In $200mn Deal

The acquisition makes Al Ansari Financial Services the largest non-banking financial institution in the GCC region in t... Read more