Abu Dhabi: The Ministry of Economy (MoE) has amended the fees structure for 110 services, in line with a Cabinet decision benefiting customers and businesses.
Under the new measure, fees of 102 services will be cancelled while those of eight services will be reduced by 50 per cent at the ministry’s customer happiness centres and on its official website.
“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,” said Minister of Economy Sultan bin Saeed Al Mansouri.
He said that amended fees make up 47 per cent of the total fees levied by the ministry.
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.