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Jun 06, 2018

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)

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