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| DIFC First Free Zone To Introduce Establishment Card System |
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, September 11, 2009
The Dubai International Financial Centre (DIFC) has announced that it has become
the first free zone in Dubai to implement the Department of Naturalization and
Residency Dubai’s (DNRD) new Establishment Card System.
Developed by DNRD to create a comprehensive register of companies in Dubai,
starting with the free zones, the Establishment Card System has many purposes,
which include ensuring the compliance of companies with immigration rules and
regulations.
The system makes it easier for the DNRD to monitor whether companies meet the
necessary requirements for conducting business. The card also helps speed up
immigration processing and creates standardised procedures that facilitate more
accurate statistical reporting.
Marwan Lootah, Chief Corporate Affairs Officer, DIFC Authority said, "We
are proud that DIFC is the first free zone to implement the new Establishment
Card System. This reflects our commitment to the rules and regulations outlined
by DNRD, which facilitate more streamlined operational processes and help us
enhance the quality of services we provide to companies in DIFC. One of the
most important features of the new card is that it mentions the name of the
company next to the name of the free zone it is based in, thus simplifying the
classification of companies and employees.”
Khalifa Mutar Mubarak, Asst. Manager for External Centers Sector in DNRD, added:
"DNRD’s services are aimed at all sections of society and we work
actively to expand our presence and enhance access to our services. This helps
us raise the efficiency of our internal processes as well as our transactions
with clients."
Khalifa noted that the new Card System was conceived as an effective solution
for classifying the increasing number of company registrations, especially in
free zones. DNRD has opened branches in various free zones to provide a complete
range of services in order to meet the needs of businesses and entrepreneurs.
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