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Tue 30 Jul 2019 02:15 PM

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Revealed: the service fees being waived, cut by UAE's Ministry of Economy

A list of 115 Ministry of Economy service fees being removed or reduced is detailed by state news agency WAM

Revealed: the service fees being waived, cut by UAE's Ministry of Economy

A list of Ministry of Economy service fees to UAE businesses that are being either waived or reduced as part of a move to boost the country's appeal has been revealed.

In a list obtained by state news agency WAM, the ministry has detailed those transactions and their corresponding fees, which total 115.

The list includes cancelled service fees for intellectual property, commercial agencies, trademarks, industrial licences, auditing accounts, patent and industrial designs, and commercial registration management, WAM said.

It added that 61 transaction fees have been cancelled for the national patent programme, 15 for trademarks, 14 for industrial licence services, nine for commercial registration, nine for auditing accounts, five for commercial agencies, and two services for intellectual property.

The fees that have been cancelled range from AED100 to AED5,000, according to the list, WAM added.

The ministry's plan is in line with the implementation of Cabinet Resolution No. 51 of 2019 on the reduction of government fees for services it provides customers and businesses.

It comes as the UAE is ranked 11th internationally in an ease of doing business list published by the World Bank.