UAE's Ministry of Economy cancels fees for 102 services

UAE's Ministry of Economy also announced eight services will be reduced by 50%
UAE's Ministry of Economy cancels fees for 102 services
Sultan bin Saeed Al Mansouri, Minister of Economy
By Gavin Gibbon
Sun 14 Jul 2019 08:31 AM

Fees for 102 government services in the UAE are to be cancelled as authorities look to provide a boost to the business community.

The Ministry of Economy also announced eight services will be reduced by 50 percent at its customer happiness centres and on its official website.

Sultan bin Saeed Al Mansouri, Minister of Economy, said: “The latest move comes within a series of policies and resolutions decided by the federal and local governments to stimulate and strengthen economic growth, provide new incentives to increase the attractiveness of the local business climate, generate more job opportunities and promote the UAE as a favoured investment destination which supports economic growth and advances UAE rankings on the global competitive indexes.”

A report by Emirates News Agency (WAM) revealed the amended fees represent 47 percent of the total fees levied by the ministry.

According to the updated fee structures, the fee of a dispute between agents, appointed representatives and collector from a trade agent has been slashed from AED12,000 to AED8,040.

The registration and renewal of a trademark or trademarks for a group of goods, products or services has been cut to AED6,700 from AED10,000.

The fee of auditors’ three-year registration for branches of national companies has been reduced to AED10,050 from AED15,000. The fee of publishing official announcements by foreign private joint stock companies has been cut to AED10,000 from AED20,000 while the fee of sale, merger and acquisition of foreign companies has been cut from AED15,000 to AED10,050.

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