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Wed 7 Mar 2018 01:57 PM

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Ajman begins charging firms $408 CSR fee

Department of Economic Development says fee encourages companies to adopt corporate social responsibility programmes

Ajman begins charging firms $408 CSR fee

Ajman has started to charge companies a corporate social responsibility (CSR) fee of AED1,500 ($408).

The Department of Economic Development in Ajman (DED-Ajman) said the fee was being collected from companies applying for or renewing their commercial licence in the emirate.

Ali Issa Al Nuaimi, director general of DED Ajman, said that CSR, which plays an important role in nation building, is an integral part of the overall operations of public and private entities.

By adopting and implementing a CSR program, social responsibility will become part of the UAE lifestyle, he added.

DED Ajman said it is calling on all employees and registered companies and establishments to take up cause-oriented initiatives and projects to contribute to the CSR system development in Ajman.

A Cabinet resolution also includes the formation of the National CSR Fund as a federal administrative entity with legal, financial, and administrative independence.

The fund includes a smart CSR platform which aims to organize voluntary contributions for project and program developments as well as record and coordinate all CSR efforts in the country.

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