TTE GULF IS MEMBER OF

|
Phone: +971 4 454 95 56
|
Email: info@ttegulf.com

|

Affiliated office in France

 

Blog

Decree to Reduce Fines on Businesses

  |   Business, Dubai Mainland, Free Zone Companies

Dubai:

The leading news sources of UAE have confirmed that His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has issued Decree No (10) of 2015 exculpating and decreasing fines forced on organizations in Dubai.

As per an announcement on Tuesday, the declaration intends to urge organizations to redress their status by scratching off or recharging their licenses, redesigning their data in the records of Dubai’s Department of Economic Development (DED) and give precise data about the quantities of dynamic organizations in the emirate.

The declaration additionally exonerates organizations that their permit terminates before 2012 from the forced fines on the off chance that they request permit retraction. Such fines are expert rata lessened by table addendum to the pronouncement if the permit undoing appeal is submitted inside six months beginning from the date of initiation of the announcement.
The executive general of DED may expand this beauty period for one more month.

The pronouncement is viewed as legitimate from the date of distribution in the Official Gazette.

TTE Gulf Management Consultancy is one of the top consultants of business setup in Dubai that facilitates with effective investment opportunities in Dubai. It is one of the paramount market research companies in UAE. It offers the business setup services throughout in UAE.

For contacting TTE Gulf Management Consultancy, call us at +971 4 454 95 56 or contact can also be done via email at info@ttegulf.com. For visiting its office, the address is Business Bay, Metropolis Tower, office 808, Dubai, United Arab Emirates.