UAE Government Announces Massive Cuts in Business Fees

The Ministry of Industry and Advanced Technology (MoIAT) in UAE has lowered the fees for 14 main and sub-services and totally abolished charges for another sub-service, effective 1 January 2023. The decision is in line with UAE’s ‘Make it in the Emirates’ program to develop a business environment for local and foreign investors and to reduce the cost of doing business for entrepreneurs and small and medium enterprises (SMEs). According to the MoIAT, 2023 will be the “Year of Sustainability,” and the fee reduction will promote sustainable enterprises in UAE. Here are the fee reductions: Speaking about the fee reduction, Omar Al Suwaidi, Under-Secretary of the MoIAT, stated that it will enhance UAE’s economy and business advancement, which will be evident in the ease of doing business index.