Abu Dhabi businesses receive local fees exemption

Move aimed at improving competitiveness in the emirate

NEWS, Business, Abu dhabi, Wam

Businesses in Abu Dhabi issued with new economic licences will be exempt from local fees for two years.

The Abu Dhabi Executive Council approved the resolution as well as another to exempt and reduce the fees of 98 basic services charged by the Abu Dhabi Municipalities on the private sector.

The resolutions will come into force starting December 1, UAE state news agency WAM reported.

It said: “The two resolutions are part of the Abu Dhabi Government Accelerators Programme ‘Ghadan 21’ which is aimed to enhance the competitiveness of Abu Dhabi in business, investment, society, knowledge innovation, and lifestyle.”

The resolution of exempting new licenses from local government fees covers all commercial activities in Abu Dhabi and the emirate's free zones.

The second resolution cancels the fees of 75 basic services provided by the Abu Dhabi Municipalities and reducing the fees of 23 services by 10-50 per cent of the total fee of each service.

 

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020