The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has introduced a new tourism business licensing initiative to support and accelerate the growth of the emirate’s tourism industry.
According to the statement, “Licensing fees for companies in the tourism business in Abu Dhabi will be capped at $272 (Dh1,000) per annum.”
The department noted that the fee cap will help existing businesses and encourage new investors to launch operations in Abu Dhabi, boosting the emirate’s competitiveness as a premier destination for leisure, cultural, and Meetings, incentives, conferences, and exhibitions (MICE) tourism.
“The new licensing fee structure is a tangible demonstration of our unwavering support of the tourism sector and will benefit those wishing to open, continue or expand their tourism business across Abu Dhabi. Regardless of the type of organization or size, applicants can feel confident that we are partners and focused on their growth. This initiative will enhance the competitiveness of the business environment and attract increased investment, strengthening Abu Dhabi’s position as a global tourism, cultural and entertainment destination.”
The initiative comes as part of the Abu Dhabi Government’s wider strategic plans to further develop the sectors in the UAE capital and cement its position as a preferred destination for travelers and tourism investment.
“The new business license offers an amended fixed-fee structure, with the blanket costs covering fees payable to several Abu Dhabi Government entities, including Abu Dhabi Department of Economic Development, the Department of Municipalities and Transport, Abu Dhabi Chamber membership fees, and the Certificate of Conformity issuance fee,” as per the statement.
Further, it covers Abu Dhabi’s regulation fees, with the amount adjustable depending on the type of business applying. Overall, the changes represent an almost 90 percent reduction in total license fee costs, the department added.