Dubai SME Extends Lifeline to Businesses Hit by Severe Weather5 min read
- 04.05.2024
- Posted by: Omar Sami
- Category: Dubai
Dubai SME, a subsidiary of the Dubai Department of Economy and Tourism (DET), has launched an initiative to help Small and Medium-sized Enterprises (SMEs) affected by recent severe weather conditions. The initiative offers interest-free loans and grace periods to eligible SMEs, enabling them to access financial support for repairing or replacing damaged properties.
The recent severe weather in the UAE has resulted in property damage and operational disruptions for many businesses, posing threats to their survival and growth. This initiative aims to provide much-needed relief to affected businesses. The Mohammed Bin Rashid Fund for SMEs, an essential arm of Dubai SME, is leading the effort. Eligible SME owners can apply for interest-free loans of up to AED 300,000 with flexible repayment terms, allowing them to repair any damages without immediate financial strain.
Dubai SME urges its members impacted by the recent adverse weather conditions to take advantage of this opportunity for support. Affected businesses can submit necessary documents to the Fund’s designated relief financing committee via the Mohammed bin Rashid Fund for SME website or by contacting the customer service center.
How TME Services Can Support You
With over 18 years of experience in the UAE and the Middle East, we specialize in legal, tax, accounting, and compliance matters. Visit our services page to learn more about everything we do.
Share the article
-
06 Sep 2024 DubaiUAE Corporate Income Tax: Essential Information for New Businesses
-
06 Sep 2024 Middle EastUAE Visa Amnesty: What It Means for Businesses in Dubai
-
06 Sep 2024 DubaiDubai: The Rising Star for Women in Business
-
30 Aug 2024 DubaiThe UAE's Growing Non-Oil Trade is a Business Opportunity
-
30 Aug 2024 DubaiWhat the EU-GCC Summit Means for European Businesses