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Dubai Government Departments and Institutions Reduce Business Fees and Costs to Stimulate Investments

23 May, 2019

The previous erroneous decisions to increase in registrations, government, and other transactions fees, often reached 100% in land registration was definitely not a viable option and did not benefit the economy of the emirate in the medium term. Proved to be the result of personal the judgment of executives at their various levels, those strange decisions to impose new fees, or increase existing ones, turned out to be unfavorable. Moreover, it quickly caused a great loss at the macro-economic level, after it led to raising the cost of business, and negatively affected the city's economy and attractiveness!

 

After the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai issued to government departments and institutions in Dubai to reduce business costs and stimulate investors, companies, and investment, all departments are now required to review their fees. The process of reducing the cost of the business begins, and competes with each other, to re-study and reduce the fees in an acceptable manner.

 

Through the wise guidance of His Highness Sheikh Maktoum bin Mohammed bin Rashid, The Strategic Council is to bring things back to normal and reduce the cost of business and give more facilities to stimulate investment, after increased complaints from people and investors, which actually affected various sectors of that jurisprudence.

 

Ref : emaratalyoum