To Mitigate the Effects of Current World Crisis on Business Conduct 1884 establishments in Ajman benefit from the third economic incentives package

Jun
17

Ajman DED will hold a live stream today from 5 to 6 PM through its “Stay Live” Program on @AJMANDED in Instagram and @AJMANNEWS and @NEWS_4ALL in News Network, in order to discuss with the business community the economic incentives’ package announced by the Government of Ajman.

Shaikh Abdullah bin Nasser Al Nuaimi, Director of Planning & Business Development Department said: “the third economic incentives package aims to support investors and SMEs in facing the challenges posed by coronavirus outbreak. Incentives package includes exempting economic establishments whose business has been temporarily suspended during the crisis due to the implementation of the precautionary measures from license renewal fees for one year. The exemption which will expire at the end of the current year applies to 12 activities, including Hajj and Umrah organization, exhibition management and organization, social events halls, massage and relax centers, fitness clubs, nurseries, gents and ladies’ salons, kids’ salons, recreational games, cinemas, recreational sports grounds and arenas and video games lounges. Incentives also include extending the suspension of calculation of penalties and fines resulting from the delay in licenses’ renewal and warehouses’ permits till the end of the year”.

Saud Alshimmari, Director of Business Registration Department explained that around 1884 economic establishments benefited from exemption of license renewal fees, including the fees for renewal of entry into Commercial Register, the fees for issuance of Commercial Register Certificate, service application form fees, fees for the permit to affix trade name signboard, service agency contract authentication fees, service agent appointment fees, service agency contract form fees, fees relating to Civil Works Company Contract Form and authentication, fees relating to foreign trade names or trade names containing numbers, indicating a geographical scope and carrying the name of Ajman, UAE or the Gulf. He also underlined the cooperation with all partners such as the Municipality & Planning Department and Ajman Chamber of Commerce and Industry in launching further incentives to mitigate the economic effects of coronavirus world crisis on such sectors and help them steer through this phase.



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