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Customers will also benefit from a 20% discount on licence charges renewals, while first 12 months license fees for brand new clients within the aviation, logistics and e-commerce sectors and the Business Park shall be waived.<br><br><br><br> This replace allows businesses eligible for brand spanking new financing to get a 3-months payment holiday at the start of their loan term, which can be adopted by a 24-months payment schedule. In a major update to the agreement, Dubai-primarily based SMEs which might be 50% or extra owned and managed by an Emirati are actually also eligible for financing of as much as AED420,000, which will probably be backed by a 50% capital assure. 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The events supporting the initiative have also announced different steps and procedures to assist this effort, including the cancellation of fines for 2019 and 2020, the supply of versatile instalment service for service charges, the reduction of service costs, and the supply of a versatile fee option for air conditioning providers. This initiative will see RERA and its partners will present needed supplies freed from cost to those in need and affected in lots of tasks and freehold areas across the Emirate.<br>