UAE waives more than 1500 government service fees
Business UAE

UAE cancels fees for more than 1,500 government services

UAE Cabinet has decided to amend and waive fees for more than 1,500 government services in the UAE in a bid to cut costs to businesses and increase competitiveness.

This initiative aims to boost the UAE’s economic growth. It will abolish the fees for more than 1,500 government services given by the Ministry of Economy, Ministry of Interior, Ministry of Human Resources and Emiratisation.

“The decision contributes to attracting more foreign investments and position the UAE a hub for business by reducing administrative costs and fees. The decision also balances the revenue system of the government in parallel with the tax system,” according to a statement released by WAM.

Direct non-oil foreign trade accounted for more than 60 percent (AED1 trillion) of the total value, while free zone trade and customs warehouses amounted to 35 percent (AED592.4 billion) and one percent (AED11 billion) respectively.

SOURCE

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