Dragon Mart firms exempted from late licence renewal fines

Dubai

The Department of Planning and Development, an entity of the Ports, Customs and Free Zone Corporation (PCFC), said on Thursday it will exempt Chinese traders in Dubai’s Dragon Mart 1 and Dragon Mart 2 from late licence renewal fines accumulated before July 19, 2018.

The move coincides with the official visit of Chinese President Xi Jinping to the UAE, and aims to relieve Chinese businesses based in the Dragon Marts of extra charges, provided that they renew their licence during the period of exemption which will last until December 31, 2018.