Latest News

CONNECT, NOW.
We understand the importance of availability, and we act on it.

Stimulating Business Growth in Dubai and Abu Dhabi

12/6/2018

The ruler of Dubai has issued a decree waiving fines imposed on businesses whose licenses have expired until the end of 2018.

In an effort to stimulate business growth and economic development, Dubai and Abu Dhabi are exempting companies from administrative fines imposed by Department of Economic Development.

The ruler of Dubai has issued a decree waiving fines imposed on businesses whose licenses have expired until the end of 2018. This decree is a positive step in promoting economic growth and consolidating Dubai’s position as one of the important commercial and economic centres internationally.

Meanwhile, Abu Dhabi said it will exempt businesses whose licenses have not been valid for more than 24 months and which have applied for renewal, liquidation or cancellation of trade license – from paying all delayed and accumulated fees.

You might also like...
Borrowers and Credit Card Holders Beware!
On 4 May 2022, the Central Bank of UAE (CBUAE) raised the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 points. This decision was influenced after the U.S. Federal Reserve raised its target rate by 50 points in the face of inflation.
read More
Small Business Owners, Rejoice!
The UAE has always been an attractive hub for business owners from all over the world due to its tax-free commerce status. The government is now focusing on new beginnings and has set new rules to help local and small businesses thrive.
read More
Looking to Set-Up your Business? Don't Miss this Opportunity!
Check out this game-changing package which benefits investors in terms of paying the fees for their business setup on an ongoing monthly basis. Potential investors are required to sign a lease contract and move their operations into the free zone before the end of January 2022 to avail the offer!
read More
SEE ALL INSIGHTS
Thanks, got it!
Something went wrong, please try again.

Use our online calendar to set up your own appointment and connect to an elawyer for a consultation.