The Abu Dhabi Department of Economic Development (ADDED) has revealed more details on fee reductions intended to help the private sector and increase investment in the emirate.
According to the statement, the municipality charge for the authentication and registration of economic leasing contracts, as well as the membership fees of the Abu Dhabi Chamber, has been set at $13.61 (Dh50). It also canceled paying service providers’ fees and the waste producers tariff to Tadweer, Abu Dhabi’s waste management facility.
The ADDED noted that the fees paid to the Abu Dhabi Civil Defence Authority for Certificate of Conformity have also been canceled.
The Abu Dhabi government is keen to strengthen the roles of government and semi-government bodies, as well as the incentives they provide to private sector enterprises, according to Mr. Rashed Abdulkarim Al Blooshi, Undersecretary of ADDED.
“This decision is a distinguished step that supports the efforts of the Abu Dhabi government towards enhancing the ease of doing business in the emirate and lays the foundations for a prosperous business environment that encourages growth and innovation and attracts more investors to start businesses in Abu Dhabi, which, in turn, contributes to increasing the emirate’s competitiveness on the regional and international levels.”
Mr. Mohamed Helal Al Muhiri, General Director of Abu Dhabi Chamber of Commerce and Industry commented, “The reduction of government fees for commercial activities is considered a new initiative within the stimulating initiatives provided by the Abu Dhabi government to enable the private sector in the emirate”, indicating that the collaboration of Abu Dhabi Chamber with many local government entities is a joint and integrated work that aims to achieve the comprehensive and sustainable development.”
“As well as to motivate members and investors to set up and practice businesses because of the economic incentives that promote the ease of doing business, in addition to maintaining its competitiveness at the regional and international levels,” Mr. Al Muhiri further added.