Abu Dhabi government slashes fees for economic activities

(MENAFN- Khaleej Times)

The Abu Dhabi Department of Economic Development (ADDED) revealed that the Abu Dhabi government has decided to reduce the fees for economic activities in the emirate to Dh1,000.

The decision included the reduction of the fees for establishing a commercial company and the documentation of incorporation contracts.

The Abu Dhabi government's new decision sets Dh790 for issuing an economic activity licence, including fees for all local authorities concerned with economic licensing, and Dh890 for licence renewal, only Dh10 for licensing procedures. In addition to Dh50 as a trade name issuance fee, Dh100 for adding an economic activity, and Dh500 as fees for adding an industrial product on the licence.

The fees paid to service providers, and the waste producers' tariff paid to the Abu Dhabi Waste Management Centre - Tadweer, the activity fees, and the fees paid to the Abu Dhabi Civil Defence Authority (ADCDA) for Certificate of Conformity as well as the membership fees of Abu Dhabi Chamber.

The Abu Dhabi Executive Council has abolished the exemption of new economic licences from fees. The decision sets fees for municipalities for various services related to leasing contracts. These include the registration of economic lease contracts, establishing a municipal fee, and the waste disposal. The fees are collected annually by the Abu Dhabi Department of Economic Development regardless of the contract value.

In detail, the decision has set Dh50 only for the municipal fee required for the authentication and registration of economic lease contracts, as well as service fees for the Department of Municipalities and Transport, provided the municipal fee shall be collected annually by the Abu Dhabi Department of Economic Development (ADDED) regardless of the value of the contract.

In addition to Dh50 for Abu Dhabi Chamber's membership fees, and the service providers fees shall be cancelled as well as waste producers' tariff for Abu Dhabi Centre for Waste Management. In addition to the cancellation of activities fees and Certificate of Conformity (COC) for Abu Dhabi Civil Defence Authority.

Rashed Abdulkarim Al Blooshi, Undersecretary of ADDED, commended the efforts of all the government authorities in supporting the Private-Public Partnership (PPP) in the emirate.

On his part, Abdullah Al Sahi, Undersecretary of the Department of Municipalities and Transport (DMT), stated: "This decision is a distinguished step that supports the efforts of the Abu Dhabi government towards enhancing the ease of doing business in the emirate and lays the foundations for a prosperous business environment that encourages growth and innovation and attracts more investors to start businesses in Abu Dhabi, which, in turn, contributes to increasing the emirate's competitiveness on the regional and international levels."

Brigadier General Mohamed Ibrahim Al Ameri, Director General of the Abu Dhabi Civil Defence Authority (ADCDA), stated, "The decision to modify the fees for economic activities in the Emirate of Abu Dhabi reflects the government's commitment to supporting the development of the economy in the emirate. The establishment of the private sector is considered as one of the most crucial factors for the development of the emirate's economy. The Abu Dhabi Investment Development Authority (ADIDA) has announced its intention to boost the business environment and the investment climate in the region."

This will also motivate members and investors to set up and practice businesses in view of the economic incentives that promote the ease of doing business, in addition to maintaining its competitiveness at the regional and international levels. He also emphasized that the application of fees reduction will in turn help increase trust, transparency and mitigate the administrative burdens of investors, particularly entrepreneurs of small and medium enterprises (SMEs), as this will contribute to the continuity, growth and prosperity of businesses.

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