Business Dubai

DED implements automatic fine settlement to enhance ease of business and sustainability

The Commercial Compliance & Consumer Protection (CCCP) sector in the Department of Economic Development (DED) has announced an automatic settlement facility for traders eligible for 50% reduction on commercial fines. The announcement is in line with the declaration of 2019 as the Year of Tolerance by President His Highness Sheikh Khalifa bin Zayed Al Nahyan and also represents DED’s efforts to enhance competitiveness and ease of business.

The 50% reduction is applicable only on fines issued for the first violation in a calendar year. As per the new facility, as soon as a commercial violation is entered in the system the trader receives a text message with an automatic reduction of 50% in the fine.  Previously, the customer had to request a settlement upon which the system verified the trader’s eligibility for any reduction in fines.

CCCP seeks to launch services and initiatives that enhance the business environment in line with the aspirations of the UAE to build a tolerant and open society, promote cultural dialogue, and elevate Dubai into a global capital financial capital as well as a destination for sustainable business growth as targeted in the strategic plan of the government on Dubai.

SOURCE

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