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Dubai Free Zones Council Advances Regulatory Reforms to Boost Global Competitiveness
Dubai Free Zones Council Advances Regulatory Reforms to Boost Global Competitiveness

Hi Dubai

time10-07-2025

  • Business
  • Hi Dubai

Dubai Free Zones Council Advances Regulatory Reforms to Boost Global Competitiveness

The Dubai Free Zones Council, chaired by His Highness Sheikh Ahmed bin Saeed Al Maktoum, has approved key strategic initiatives to enhance the competitiveness of Dubai's free zones and drive long-term economic growth. During its 31st meeting, the Council reviewed progress on aligning free zones with national anti-money laundering efforts, including implementation of guidelines from the UAE National Anti-Money Laundering and Combatting Financing of Terrorism Committee. The discussion focused on data integrity, compliance challenges, and readiness for future evaluations. A central topic was the rollout of Executive Council Resolution No. (11) of 2025, which enables free zone companies to expand within Dubai without establishing new legal entities. The Council assessed implementation phases, dual licensing mechanisms, and digital integration—supporting the emirate's D33 economic agenda aimed at doubling its economy within a decade. Efforts to streamline licensing and service procedures with local and federal authorities were also discussed, with emphasis on resolving overlapping jurisdictions and ensuring consistency across regulatory processes. The meeting concluded with updates on the development of special economic zones and a review of the Council's ongoing strategic initiatives to reinforce Dubai's position as a global business hub. News Source: Dubai Media Office

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