Establishing a financial market that provides companies registered in free zones with funding through IPO listings. An ongoing study, conducted in coordination with relevant parties, is researching the legislative and logistical requirements for implementing the initiative. The Council also discussed several other initiatives, including proposals related to long-term rental agreements for investors in Dubai’s free zones, the one free zone passport – a unified license that allows businesses to operate across the emirate’s free zones with the aim of boosting its attractiveness for international companies. Greater coordination also paves the way for sustainable development and presents exceptional opportunities to attract SMEs and international companies and empower entrepreneurs to realize their creative ideas. In turn, these opportunities strengthen Dubai’s pioneering status as a creativity lab and global capital of innovation, in line with Sheikh Mohammed’s vision of establishing free zones in Dubai.”
One Free Zone Passport
In addition, participants examined the one free zone passport initiative that allows companies licensed at a single free zone to also operate in other free zones in Dubai without the need for a second license.