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BUSINESS
Abu Dhabi slashes business set-up
fees by more than 90%
New fees will be effective from July 27, 2021, Abu
Dhabi Department of Economic Development said

Licence renewal fees in Abu Dhabi emirate have been reduced to Dh1,000.
Delores Johnson / The National

The National
Jul 25, 2021

Abu Dhabi Department of Economic

Development, in partnership with other
government entities, cut business set-up
fees by 94 per cent to Dh1,000 as the
emirate seeks to increase its
competitiveness and attract more
investors.

The new fees are applicable to six

activities within the business licence and
will cover all fees from Abu Dhabi
government entities such as Added, the
Department of Municipalities and
Transport, membership fees for Abu
Dhabi Chamber, CoC (Certificate of
Conformity) issuance fee and charges
required by Abu Dhabi regulating entities
dependent on the type of business.

Licence renewal fees have also been

reduced to Dh1,000, the agency said.

“We hope this significant change in fee

structure helps to further ease the set-up
process for new and existing investors,"
said Mohammed Al Shorafa, chairman of
Added.

"Our goal for Abu

READ MORE
Dhabi, as part of
Abu Dhabi to form new board
our new economic
for emirate's chamber of
strategy, is to
commerce
create a thriving
business
environment that encourages growth
and innovation. Ease of starting and
managing a business is a key lever, and
we strongly believe the restructuring of
fees will help us achieve this goal.”
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Abu Dhabi has taken various measures,

including providing rent rebates,
discounts on utility bills and loan
guarantee packages, to support
businesses and stimulate economic
growth in the past year amid the
coronavirus pandemic. Last year, it
detailed a plan to stimulate economic
growth through strategic investments
and 16 initiatives to support the private
sector.

The latest move to introduce a fixed fee

will increase transparency and reduce
administration for investors while
creating a favourable environment for the
SMEs, Added said.

The new fees will be effective from July

27, 2021 but all federal fees will continue
to apply, the statement said.

Abu Dhabi's economy is expected to

grow by between 6 per cent and 8 per
cent over the next two years, driven by
government spending, financial services
and foreign direct investment, Mr Al
Shorafa said earlier this year.

The emirate plans to focus on specific

sectors in which government entities can
partner with private companies "to
enhance their growth and increase their
contribution to the emirate’s gross
domestic product”, he said in April.

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!"#$%&' (*+
@admediaoffice

As part of ongoing efforts to enable the

private sector, #AbuDhabi has reduced
business setup fees to AED1,000 – a 94
per cent reduction from current rates.

7:00 PM · Jul 25, 2021

23 4 Share this Tweet

Updated: July 25th 2021, 9:35 PM

BUSINESS ECONOMY ABU DHABI INVESTMENT

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