TME LEGAL | DUBAI – RECHT KLAR

Dubai SME Extends Lifeline to Businesses Hit by Severe Weather

Dubai SME Extends Lifeline to Businesses Hit by Severe Weather

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 crucial 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 significant 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 embark on repair and replacement endeavors 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.

Share:

More Posts

Judicial Shift in UAE Labour Law – Limitation Period for Annual Leave Claims

A recent judgment by the Abu Dhabi Court of Cassation (Case No. 73/2024) marks a notable departure from previous case law by ruling that the limitation period for claiming accrued leave entitlements does not automatically commence at the end of each year of service. Rather, the burden is on the employer to prove that the employee either took the leave or forfeited it with knowledge of the consequences. This decision significantly impacts leave management practices in the UAE and underscores the importance of accurate recordkeeping and timely enforcement of internal HR policies. For employers, the case serves as a strong reminder to proactively monitor and document annual leave usage.

Tax Liability of German Influencers in Dubai

Influencers Under the Scrutiny of German Tax Authorities – What German Influencers in the UAE Need to Know. North Rhine-Westphalia investigates professional social media actors for suspected tax evasion – other federal states follow suit – Special focus: German influencers based in Dubai