#AbuDhabi slashes business set-up fees by more than 90%

Abu Dhabi slashes business set-up fees by more than 90%

Abu Dhabi Department of Economic Development, in partnership with other government entities, cut business set-up fees by 94 per cent to Dh1,000 as the emirate seeks to increase its competitiveness and attract more investors.

The new fees are applicable to six activities within the business licence 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 charges required by Abu Dhabi regulating entities dependent on the type of business.

Licence renewal fees have also been reduced to Dh1,000, the agency said.

“We hope this significant change in fee structure helps to further ease the set-up process for new and existing investors," said Mohammed Al Shorafa, chairman of Added.