The Dubai Department of Economic Development (DED) on Tuesday said that the decree No xx of 2018 exempting companies operating inward Dubai from fines as well as facilitating license renewals, which was issued past times His Highness Sheikh Mohammad bin Rashid Al Maktoum, UAE Vice President as well as Prime Minister as well as Ruler of Dubai, reflects the vision of Dubai’s leadership to farther heighten the competitiveness of the Emirate.
DED observed that the decree is a potent will to the leadership’s continued back upwards to the concern sectors inward the emirate as well as inward overcoming all obstacles that human face upwards them, inward add-on to underpinning His Highness's vision to strengthening the economic scheme as well as creating a competitive surroundings conducive to investments inward Dubai.
Sami Al Qamzi, Director General, DED, said: "DED urges all concern owners to produce goodness from the decree, which exempts companies as well as establishments operating inward the Emirate of Dubai from all the fines imposed on them, as well as facilitate the procedures for renewing licenses past times the goal of 2018. This volition add together to the fiscal benefits of the owners of expired concern licenses, restore legal records as well as licenses, as well as assist the concern community inward Dubai heighten their competitiveness".
Omar Bushahab, CEO, Business Registration & Licensing Sector inward DED, said: "This decree is a positive pace inward promoting economical increment as well as consolidating Dubai's position equally i of the of import commercial as well as economical centres internationally. It reaffirms to investors as well as businessmen around the the world that Dubai effectively addresses diverse economical variables with a forward-looking vision past times adopting best practices as well as regulations. It too helps to take concerns alongside investors as well as entrepreneurs looking to expand their business".
Bushahab urged the owners of concern licenses to expedite all necessary procedures to produce goodness from the exemptions to renew their licenses earlier the grace catamenia until the goal of 2018.
The decree is business office of the initiatives launched past times His Highness Sheikh Mohammed to trim toll of doing concern as well as facilitate inward investment inward the emirate. The Department of Economic Development is implementing 4 initiatives to cause competitiveness as well as hand sustainable economical evolution inward Dubai. These are related to exempting businesses from fines as well as merchandise violations, reducing operational toll inward the retail sector, supporting local production as well as procurement, equally good equally attracting the best startups to Dubai as well as promoting them.
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