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 AED 1000.
The enterprise setup charges in Abu Dhabi emirate have been lowered to AED 1000 – a discount of greater than 90 %. License renewal charges even have been lowered to AED 1000.
The reduced fees will be applicable to six activities within the business licence, effective from 27th July, 2021 and will cover all fees from Abu Dhabi Government entities.
The new fees 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 latest move to introduce a fixed fee will increase transparency and reduce administration for investors while creating a favorable environment for Small and Medium Enterprises, according to ADDED.
If you need any assistance with company formation in Abu Dhabi or licence renewal and regulatory approvals, and to ensure you avail yourself of these reduced costs, don’t hesitate to contact us.