Sharjah exempts companies from licencing fees

By DG Staff

SHARJAH 2 April 2020: The Sharjah Economic Development Department (SEDD), lauded the package of incentives and decisions approved by the Government of Sharjah to support the government and private entities, as well as business sectors and individuals.

Sultan Abdulla bin Hadda Al Suwaidi, SEDD Chairman, stressed that these decisions, which included economic facilities being exempted from annual fees for three months from 1st January 1st, 2020 to December 31st, 2020, are aimed at attracting investors to the emirate and stimulating investments.

He indicated that the department has started adopting and implementing this decision, and thanked the major role of His Highness the Ruler of Sharjah, the Crown Prince and the Executive Council, for their rational leadership in setting up strategic directions during various situations, which contributed to advancing the economy, said Wam.

He also added that the diversity of incentives approved reflects the awareness of the wise leadership over the importance of working together in the face of the current situation and to make practical decisions that meet the needs and requirements of the economic sector during these exceptional circumstances.

He noted that the licences that were renewed during the first quarter of this year will be taken into consideration before the issuance of the exemption decision, stating that they will be compensated during the same period next year to motivate the owners of licences and investors to continue operating their businesses, taking into account the current circumstances.