Last Updated on February 23, 2023
Key Points
- Licensing fee exemption for small and medium enterprises extended
Overview
The government of the United Arab Emirates (UAE) will extend the previous five-year exemption to operating licensing fees for small and medium enterprises (SMEs) by two more years in Dubai. This means SMEs will not be required to pay operating license fees for seven years.
What are the Changes?
SMEs will not be required to pay licensing fees for seven years with the aim to restimulate economic activity in Dubai.
Looking Ahead
Continue to check the government of the UAE’s website and Envoy’s website for additional information and updates.
Content in this publication is for informational purposes only and not intended as legal advice, nor should it be relied on as such. For additional information on the issues discussed, consult an attorney at one of the two U.S. Law Firms working with the Envoy Platform or another qualified professional. On non-U.S. immigration issues, consult an Envoy global immigration service provider or another qualified representative.