MoE Reduces, Cancels Fees For Over 100 Public Services
Mohammad Ali (@ChaudhryMAli88) Published July 13, 2019 | 09:00 PM
The Ministry of Economy has announced a new amended fee and fine structure for a package of 110 services in the implementation of Cabinet Resolution No. (51) of 2019 on reduction of government services fees it provides to customers and businesses
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 13th Jul, 2019) The Ministry of Economy has announced a new amended fee and fine structure for a package of 110 services in the implementation of Cabinet Resolution No. (51) of 2019 on reduction of government services fees it provides to customers and businesses.
According to the new fee structure, fees of 102 services will be cancelled while those of eight services will be reduced by 50 percent at the ministry’s customer happiness centres and on its official website.
Sultan bin Saeed Al Mansouri, Minister of Economy, said that the latest amendments will provide a boost to the business community in the country as the cost of conducting trade and investment activities will drop for both Emiratis and resident business owners, including large, medium and small enterprises.
Al Mansouri emphasised the ministry's keen desire to create a business-friendly environment where private sector companies can grow and flourish.
''The latest move comes within a series of policies and resolutions decided by the Federal and local governments to stimulate and strengthen economic growth, provide new incentives to increase the attractiveness of the local business climate, generate more job opportunities and promote the UAE as a favoured investment destination which supports economic growth and advances UAE rankings on the global competitive indexes,'' he added.
The amended fees constitute 47 percent of the total fees levied by the ministry, he noted.
According to the updated fee structures, the fee of a dispute between agents, appointed representatives and collector from a trade agent has been slashed from AED12,000 to AED8,040.
For the registration and renewal of a trademark or trademarks for a group of goods, products or services have been cut to AED 6,700 from AED 10,000.
The fee of auditors’ three-year registration for branches of national companies has been reduced to AED10,050 from AED15,000. The fee of publishing official announcements by foreign private joint stock companies has been cut to AED10,000 from AED20,000 while the fee of sale, merger and acquisition of foreign companies has been cut from AED 15,000 to AED 10,050.
Related Topics
Recent Stories
Govt committed to developing gems, jewellery sector: Minister
Three new bills introduced in Senate
Nine dead, 1,318 injured in Punjab road accidents
Ukraine, Russia exchange fire, at least seven dead
1st-ever National Sports Revival conference starts next month
Joint venture decided for action against MEPCO’s defaulters
Modern irrigation system imperative to deal with water scarcity: UAF VC
Bringing 4.4mln hectares suitable land under olive cultivation to address econom ..
One woman died after speedy bus overturned
155 killed in Tanzania as heavy rains lash East Africa
Parliament committed to resolve public issues on priority basis: Ghulam Mustafa
Collaborative Care of Diabetes Centre inaugurated in Faisalabad
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago