In a bid to reduce the cost of living and encourage the ease of doing business in the emirate, the fees for Dubai government services has been waived off completely.
This decision was passed at Wednesday’s meeting of Dubai Executive Council, which was chaired by Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum.
The waiver covers services from health to economic, marine to social, leisure to infrastructure sectors.
Reports suggest that this decision was taken on the directives of Sheikh Mohammed bin Rashid Al Maktoum, who is the Vice President and Prime Minister of the UAE and Ruler of Dubai.
Reasons Behind This Decision
There are several reasons as to why this decision has been taken but the most important of all is that the government has realised the importance of boosting national economy, reducing costs on business owners and also, increasing the country’s competitiveness on international stage.
This is not the first time such a decision has been approved; last year, the UAE cabinet also took a decision to amend and waive fees for more than 1,500 federal government services. These services were provided by the Interior, ministry of Economy and ministry of Human Resources and Emiratisation.
In order for any country to succeed, especially Dubai, the focus needs to be to allure investors. This decision not only does that but also promotes economic growth in the whole of UAE. Reduction of administrative fees is something all the investors look out for and the lower they are, more keen the investors will be to invest.
Speaking about this decision, Shaikh Hamdan said: