Home The Bulletin Abu Dhabi: Business setup and licence renewal fees reduced to AED1,000

Abu Dhabi: Business setup and licence renewal fees reduced to AED1,000

by Out and About Mag.

As a result of collaborative efforts led by the Abu Dhabi Department of Economic Development (ADDED), in collaboration with multiple government entities, including Abu Dhabi Chamber of Commerce and Industry, business setup fees in Abu Dhabi emirate have been reduced to AED1,000 – a reduction of more than 90 per cent. Licence renewal fees also have been reduced to AED1,000.

business setup

The new fees include six activities within the business licence and will cover all fees from Abu Dhabi Government entities such as ADDED, the Department of Municipalities and Transport, membership fees for Abu Dhabi Chamber, CoC (Certificate of Conformity) issuance fee, and fees required by Abu Dhabi regulating entities dependent on the type of business. Several fees have been removed entirely while others have been considerably reduced.

The move will significantly enhance ease of doing business in the emirate and increase Abu Dhabi’s competitiveness regionally and internationally. The introduction of a fixed fee will increase transparency and reduce administration for investors. It also supports Abu Dhabi Government’s efforts to create an even more thriving business environment for the private sector, especially for micro, small and medium-sized enterprises.

His Excellency Mohamed Ali Al Shorafa, Chairman of ADDED, said: “We hope this significant change in fee structure helps further to ease the setup process for new and existing investors. As part of our new economic strategy, our goal for Abu Dhabi is to create a thriving business environment that encourages growth and innovation. Ease of starting and managing a business is a key lever, and we strongly believe the restructuring of fees will help us achieve this goal.”

The new fees will be effective from Tuesday, 27 July 2021. Federal fees will continue to apply.

business setup

 

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