ABU DHABI 28 November 2018: The Abu Dhabi Executive Council has approved a resolution to exempt all new economic licenses issued in the emirate from all local fees for two years, effective from the date of issue.
The council has also approved another resolution exempting and reducing the fees of 98 basic services charged by the Abu Dhabi Municipalities on the private sector.
The two resolutions are aimed to facilitate economic activities in Abu Dhabi as part of the initiatives and incentives provided to the private sector companies and enterprises operating in the emirate, said Wam.
Coming into force by December 1st, the two resolutions are part of the Abu Dhabi Government Accelerators Programme ‘Ghadan 21’ which is aimed to enhance the competitiveness of Abu Dhabi in business, investment, society, knowledge innovation, and lifestyle.
The resolution of exempting new licenses from local government fees cover all commercial activities in Abu Dhabi and the Emirate’s free zones.
75 Fees Cancelled
The second resolution cancels the fees of 75 basic services provided by the Abu Dhabi Municipalities and reducing the fees of 23 services by 10-50 percent of the total fee of each service.
Abu Dhabi’s DoT revises fees to encourage investment
The Department of Transport, DoT, in Abu Dhabi announced the exemption, holding and reduction of some of its fees to boost the economic growth of the Emirate of Abu Dhabi according to the Government’s economic plan and to maintain the sustainable growth among different fields.
In a press statement, the Department stated that all developers will be exempted from the partnership fees of transport projects that were executed between 2011 to 2018. In addition, all current fees of developers’ partnership until 2020 will be on hold. This comes in part of supporting the local companies and helping them to extent their businesses and attract more investments.
“This step will save up to Dh1.5 billion on the developers,” the statement added.
The DoT also decreased the fees of operational companies of hire cars by a 40 percent for every one kilometre. “This will enhance the companies’ capabilities and improve the quality of services offered to the society according to the best practices. It will contribute in supporting the local economy and increase the level of customers’ satisfaction,” the DoT statement continued.
DoT affirmed that the support of local companies and operational companies of hire cars is a key factor to attract more companies to enter the Abu Dhabi markets especially under the flexible legislations that instill the concepts of strategic partnership between private and public sectors.