UAE: Revision of Tourism License Fees to Annual Cap of Dh1,000

UAE: Revision of Tourism License Fees to Annual Cap of Dh1,000

UAE: Revision of Tourism License Fees to Annual Cap of Dh1,000

The UAE is an attraction to tourists for its eco-friendly and cosmopolitan environment. The vast deserts and advanced infrastructure form a source of relaxation for the tourists of different nations. The declaration of reduced tourism license fees resulting in a slash of almost 90% in the existing fee structure is like icing on the cake for the stakeholders. A company formation consultants in Dubai can help you for all licensing, documentation and paperworks.

It’s great news for existing license holders as they have been paying varying fees amounts till now. Fixed fee cap will cover charges payable to different departments of the government like Abu Dhabi Department of Economic Development, Abu Dhabi Chamber membership fees, the Department of Municipalities and Transport and the Certificate of Conformity issuance fee.

Abu Dhabi regulation fees are also covered, with flexible adjustments for different types of business. 90% slash is a booster dose provided to overcome the redundancy caused due to pandemics, especially in the tourism industry. With a ray of hope, this revision is effective from, January 2022 which will enhance the scope of competitiveness and facilities provided to the tourists resulting in a win-win situation for all likewise. 

The global presence of the UAE will be reflected more in the tourism sector with such benefits when provided to tourism license holders in the emirates. These reforms will evolve the UAE as a prime destination, catering to different activities like corporate meetings, exhibitions, conferences, family leisure and culture exploration.
It will attract tourists and accelerate the growth of an economy due to increased investment. A business setup consultant provides end-to-end services for business setup in UAE and has been involved in the incorporation of thousands of companies.

As quoted by Hamad Alsudain, the director of licensing and regulatory compliance at DCT Abu Dhabi- “The new licensing fee structure is a tangible demonstration of our unwavering support of the tourism sector, and will benefit those wishing to open, continue or expand their tourism business across Abu Dhabi. Regardless of the type of organisation or size, applicants can feel confident that we are partners and focused on their growth. This initiative will enhance the competitiveness of the business environment and attract increased investment, strengthening Abu Dhabi’s position as a global tourism, cultural and entertainment destination.”
This appreciable move will lend transparency and make it easy for investors by restraining administration challenges. Such reforms will also assist the government to endeavour efforts to promote a compatible business environment for the private sector and specifically SMEs – as shared by the department.
Furthermore, the government aims to strengthen different sectors for the overall growth of the economy and job opportunities to harbour the best of talent and skills.

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