In a move that could ease the cost of doing business in the UAE, the authority said it is also waiving all licence fees for new companies. Aside from reducing setup costs and waiving fees, companies in the free zone will also benefit from tax exemptions. This is the latest in a series of government initiatives that are geared towards helping companies cope with high costs amid challenging conditions, and enhance economic growth. The Dubai Healthcare City Authority (DHCA) also announced on Tuesday that it has reduced a number of fees for companies operating in the medical industry, including operating permit fees for hospitals, clinics, diagnostic centres, pharmacies and laboratories, among others.
“This new approach of reducing cost and time falls in line with the directions of His Highness Sheikh Mohammad bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council of Abu Dhabi to boost Abu Dhabi’s economic competitiveness,” Bryan Thompson, chief executive officer of Abu Dhabi Airports.
“This is being done through a number of initiatives and incentives that aim to attract businesses and institutions to establish themselves in the emirate, ensuring sustainable growth across all economic sectors and strengthening Abu Dhabi’s status on the world economic stage.”
The logistics park at Abu Dhabi Airports Free Zone