Initiatives announced
Market fees exemption of all commercial establishments and hotels
This initiative is for those commercial establishment and hotels that are not benefited from the reduction in previous package.
50% reduction for non-beach hotels
There will be a refund of 50% for non-beach hotels and their restaurants from both the hotel sale fee at 7% and from the tourism dirham fee.
Extending the cancellation of 25% down payment requirement
This initiative is carried from the previous package that cancellation of the 25% down payment requirement for accepting installments of licensing fees and license renewal on monthly basis.
Extending the renewal of commercial license
The government has extended the renewal of commercial license without
mandatory submission of lease contract for next 6 months.
Extending the exemption from all postponement and cancellation fee
This is for all entertainment and sporting events and activities including exhibitions and conferences.
Extending the exemption
Exemption is extended for tickets fees, issuance of permits and other government fees imposed on entertainment and business events.
Extending the 50% reduction in land rent for nurseries
It is under the knowledge fund establishment. Knowledge Fund brings together investors, organizations, governmental entities, foundations and societies on an international scale to achieve the common goal of developing education and knowledge in the region. The goal of this initiative by the Emirates is for all business to benefit and move past this phase to resume their ambitions goals with a solid public-private sector partnership that creates fresh opportunities for the future. The Government is assured that all these initiatives will bring new opportunities for
the investors and entrepreneurs.