Last Updated on: 27th June 2023, 10:21 pm
UAE Issues Up To 92% Discounts On Various Business Services
The United Arab Emirates (UAE) has gone one step further in promoting its business-friendly environment and has significantly reduced fees for various business services.
The move is part of the emirate’s ongoing efforts to attract investment and make its business landscape more attractive. The Ministry of Industry and Advanced Technology (MoIAT) recently announced the tariff reduction, which took effect on January 1st.
These are some of the services and their verified prices:
| Service | Old Fee | New Fee |
| Product conformity certificates from a provider of a specific conformity assessment | Dh670 | Dh1,000 |
| Conformity certificate for optional products | Dh3,700 | Dh1,720 |
| Licensing to use the Emirates, Quality Mark | Dh26,000 | Dh2,000 |
| Licensing to use the national Halal mark | Dh18,000 | Dh2,000 |
| Scope expansion of the Emirates Quality Mark and the national Halal mark | Dh2,500 | Dh250 |
| Notification of conformity assessment bodies | Dh33,000 | Dh24,500 |
| Registering conformity assessment bodies | Dh7,500 | Dh5,000 |
The UAE is no stranger to being recognized for its competitiveness, being ranked 12th in the world and in the Middle East and North Africa (MENA) region in the latest Global Competitiveness Yearbook published by the International Institute for Management Development (IMD) come first.
The country received a score of 88.67 out of 100. Also in the World Bank’s Doing Business report, the UAE ranked 16th in the world and first among Arab countries.
MoIAT said lowering service fees will boost the growth of sustainable industries by promoting the use of advanced technologies that minimize emissions and improve sector circularity. The move is in line with the United Arab Emirates’ declaration of 2023 as the “Year of Sustainability”.
Also Read: Dubai Becomes The Largest Adopter Of EVs in The Middle East
