The Abu Dhabi Department of Economic Development revealed that the Abu Dhabi government has decided to reduce the fees for economic activities in the emirate to AED 1,000. The decision included the reduction of the fees for establishing a commercial company and the documentation of incorporation contracts. The fees paid to service providers, and the waste producers' tariff paid to the Abu Dhabi Waste Management Centre - TADWEER, the activity fees, and the fees paid to the Abu Dhabi Civil Defence Authority (ADCDA) for Certificate of Conformity.
The Abu Dhabi Executive Council has abolished the exemption of new economic licences from fees. The decision sets fees for municipalities for various services related to leasing contracts. These include the registration of economic lease contracts, establishing a municipal fee, and the waste disposal. The fees are collected annually by the Abu Dhabi Department of Economic Development regardless of the contract value.
The tariff of waste producers paid to the Abu Dhabi Waste Management Centre - TADWEER, the activity fees, and the fees paid to the Abu Dhabi Civil Defence Authority (ADCDA) for Certificate of Conformity will be cancelled.
His Excellency Rashed Abdulkarim Al Blooshi, Undersecretary of ADDED, expressed the Abu Dhabi government's keenness to enhance the roles of government and semi-government authorities and enhance the incentives offered by them to the private sector companies and entities. As the private sector is considered the main driver of the Abu Dhabi local economic system.
Al Blooshi, also commended the efforts of all the government authorities in supporting the Private-Public Partnership (PPP) in the emirate.
On his part, His Excellency Abdullah Al Sahi, Undersecretary of the Department of Municipalities and Transport (DMT), stated: “This decision is a distinguished step that supports the efforts of the Abu Dhabi government towards enhancing the ease of doing business in the emirate and lays the foundations for a prosperous business environment that encourages growth and innovation and attracts more investors to start businesses in Abu Dhabi, which, in turn, contributes to increasing the emirate's competitiveness on the regional and international levels.” His Excellency said that the Department of Municipalities and Transport (DMT) is very keen to unify efforts and continue cooperation and coordination with various government entities in the emirate to work on the right implementation of this decision.
His Excellency Brigadier General Mohamed Ibrahim Al Ameri, Director General of the Abu Dhabi Civil Defence Authority (ADCDA), stated, "The decision to modify the fees for economic activities in the Emirate of Abu Dhabi reflects the government's commitment to supporting the development of the economy in the emirate. The establishment of the private sector is considered as one of the most crucial factors for the development of the emirate's economy. The Abu Dhabi Investment Development Authority (ADIDA) has announced its intention to boost the business environment and the investment climate in the region.”
His Excellency Dr. Salem Khalfan Al Kaabi, Director General of the Abu Dhabi Waste Management Centre - Tadweer, said "The Abu Dhabi government's continuous efforts to improve the economic climate and stimulate private establishments and investors in the Emirate have contributed to a more robust and balanced economic development in the region. The decision to reduce the fees for economic activities in Abu Dhabi is a step that aims at opening the door for new investors to enter the market in the emirate."
It is worth noting that the Abu Dhabi government's new decision sets AED 790 for issuing an economic activity licence, including fees for all local authorities concerned with economic licensing, and AED 890 for licence renewal, only AED 10 for licensing procedures. In addition to AED 50 as a trade name issuance fee, AED 100 for adding an economic activity, and AED 500 as fees for adding an industrial product on the licence.