Dubai World Trade Centre (DWTC), a commercial free zone in the emirate, is slashing licensing and incorporation fees for businesses by up to 70%, joining the other commercial hubs in efforts to boost foreign investments inflows into Dubai. Managed by DWTC Authority, the free zone next to Dubai International Financial Centre at the heart of the emirate’s central business district will see a reduction of 50 to 70% on registration and licensing fees for companies, DWTC said on Monday. Depending on the size of the business, immigration-related service fees will be reduced by 40 to 50%, it said.