Current Affairs - International - Discussion

Dubai has launched the ‘One Freezone Passport’ initiative, which allows companies licensed in one free zone to expand their operations into other free zones without the need for additional licenses. This move simplifies regulatory processes, enhances business flexibility, and reduces operational costs for global firms. Louis Vuitton became the first company to benefit from this system, facilitating its operations between Jafza and the DWTC Free Zone. By unifying its free zone ecosystem, Dubai strengthens its status as a global business hub, attracting multinational companies and fostering a more streamlined and competitive economic environment.