Abu Dhabi introduces fee exemption for new economic licenses:
Ahmed Mubarak Al Mazrouei, Executive Secretary of the Emirate of Abu Dhabi, issued Executive Board Resolution No. 336 on the reduction and cancellation of some municipal fees and services in the Emirate of Abu Dhabi in 2018, including a reduction in fees for a range of services, 50% from the landlord from 100 to 50 dirhams.
The regulation published in the last issue of the Official Journal of the General Secretariat of the Executive Council in the Emirate of Abu Dhabi contained a number of municipal fees. AED 300 for residential purposes, AED 2,000 for industry and AED 500 for industry and anchorage.
The decision related to the implementation of the resolution From December 1, 2018, with a report to be submitted during the week.
Al Mazrouei also issued Resolution No. 337 of the Executive Council of 2018 on the exemption of new economic Licenses of fees
The Decree “exempts all new economic licenses from the fees levied by all government agencies upon granting of the new license, including fees related to any permits or regulatory approvals required for the issuing of the new license, and fees for the documentation of the founding contracts for the new licenses.
According to the decision” This derogation is valid for two years from the date of issue of the license. Local Facilities Other branches of Emirates Facilities and branches of free zones and branches of Gulf companies and branches of foreign companies. “The resolution also instructs the Department of Economic Development to set up the necessary mechanisms to implement the provisions of the resolution. All parties concerned should implement this decision in consultation with the Economic Development Department. The decision is to be made as of December 1, 2018 and will be submitted to the Abu Dhabi Bureau within two weeks