Dubai Executive Council slashes some administrative fees
On 6 June 2018, the Dubai Executive Council approved a stimulus plan to reduce the cost of doing business. The new policy aims to slash "market fees" imposed by Dubai Municipality from 5 per cent to 2.5 per cent, in addition to scrapping 19 fees related to the aviation industry, as Dubai aims to attract foreign investments worth more than AED 1 billion in the aviation sector. The Council also directed the Land Department to waive late payment fees on property registration imposed by the Dubai Land Department for 60 days - which used to be 4 per cent.
Type: Promotion and facilitation (Investment incentives)
Industry: Not industry specific, Services (Transportation and storage)
- Emirates News Agency (WAM), Hamdan bin Mohammed chairs Executive Council meeting, approves series of economic stimulus, Jun 07, 2018
- The National, Dubai approves stimulus plan, slashing aviation fees, Jun 07, 2018