NewsCase StudiesEvents

Dubai to Reduce Business Licenses By 30%

Also in the news...

Offshore Tax Secrets 2014

This new guide is essential reading for anyone interested in using offshore tax planning techniques to legally reduce UK taxes.

Offshore Companies

How To Register Tax-Free Companies in High-Tax Countries

Company Formation: A Practical Global Guide

How to set up a company in a wide range of jurisdictions

Mini One Stop Shop (MOSS)

From 1 January 2015 significant changes will be introduced in the EU VAT legislation for the provision of services in the areas of telecommunications, broadcasting and electronic services.

3 important mistakes to avoid when doing business with the French

So you’ve made the marketing research, business plans are looking good, and so you’ve have decided that France will be your next big market

Dubai to Reduce Business Licenses By 30%

Back to News

Sheikh Mohammed bin Rashid issued the act to fortify continued government support for the investment environment.

The government of Dubai has cut business licensing fees by up to a third and has frozen other government charges in a bid to stimulate economic activity.

The Emirates news agency reported that Dubai ruler and UAE vice president Sheikh Mohammed bin Rashid issued the act to fortify continued government support for the investment environment.

This includes fees levied by the government for administrative or economic services even if the costs of these services are higher than the market rate, it continued.

The government departments will also strive to provide all facilities to those who pay the fees, by way of receiving some of those fees on instalments.

Business fees will be slashed by 20 30 per cent over a range of activity, such as trade and professional licenses, property ownership certificates, tenancy termination contracts,building transfer (into hotels or apartment, for instance) and other changes to commercial property.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.