The reduced fee includes six activities within the business license and covers all fees for several government entities
License renewal fees for existing business owners also reduced to 1,000 dirhams, but the Federal fee will continue to apply
To make doing business easy in Abu Dhabi, the government has cut the fee for setting up a business by about 94 percent to only 1,000 dirhams ($272).
Abu Dhabi Department of Economic Development (ADDED) said in a statement that the new fee structure will come into effect from 27 July. The drastic cut in the fee was made in collaboration with other government entities such as Abu Dhabi Chamber, the statement said.
The new fees include six activities within the business license, and will cover all fees from Abu Dhabi Government entities such as ADDED, the Department of Municipalities and Transport, membership fees for Abu Dhabi Chamber, CoC (Certificate of Conformity) issuance fee, and fees required by Abu Dhabi regulating entities dependent on the type of business.
Several fees have been removed entirely while others have been considerably reduced, the statement reads.
ADDED expects the introduction of a fixed fee to increase transparency and reduce administration for investors besides creating a “thriving business environment” for the private sector, especially for micro, small and medium-sized enterprises.
License renewal fees for existing business owners have also been reduced to 1,000 dirhams. Federal fees, however, will continue to apply.