Key Points
- Licensing fee exemption for small and medium enterprises extended
Overview
After extensive deliberation, the United Arab Emirates (UAE) government will extend the previous five-year exemption to operating licensing fees for small and medium enterprises (SMEs) by two more years in Dubai. This means that small and medium enterprises will not be required to pay operating license fees for seven years. This will provide them with much-needed relief, and allow them to focus on other areas of their business. This is a huge win for SMEs and will help them to compete in the market.
What are the Changes
Small- and medium-sized enterprises will not be required to pay licensing fees for seven years in order to encourage economic activity in Dubai. This measure is aimed at helping businesses weather the current difficult economic climate.
Looking Ahead
Continue to check the government of the UAE’s website for additional information and updates.
Written by: Jessie Butchley, Global Immigration Writer, Envoy Global
Source: Emirates News Agency
