Light at the End of the Tunnel for Businesses in the UAE During the Era of Pandemic

The coronavirus epidemic has presented business owners with an endless set of hurdles over the last few months. Businesses all around the UAE are gearing up to take any competitive advantage they can get. However, as vaccination rates rise daily, and the global economy appears to be gaining traction, there seems to be some hope at the end of the day.

The decision by the government of Dubai to reduce fees and introduce waivers for several service charges that apply to its various entities has risen as a very positive step. Following a decision by His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince and Chairman of the Dubai Executive Council, 88 unique waivers and fee reductions for government services were allowed.

Dubai Maritime City Authority, Dubai Municipality, its Land Department, Dubai Courts, the Roads and Transport Authority, and Dubai Tourism are among the organizations that have received fee reductions or exemptions. Overall, the modifications result in lower costs and less paperwork, making business operations easier and less expensive.

This is a forward-thinking and timely action that will boost the productivity of commercial enterprises affected by fee reductions and waivers, as well as improve profit and viability while encouraging entrepreneurship.

The breadth of the revisions demonstrates Dubai's commitment to providing every advantage to businesses operating within the emirate, allowing them to develop and succeed while also providing significant job opportunities for their employees.

If you wish to know whether new government fees reductions apply to your business registration in the UAE, feel free to ask us right away!

Official Source: Gulf News