To enhance the attractiveness of Dubai as an investment destination to potential investors and to reduce the cost of doing business, Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, has ordered the municipality fees for restaurants from 10 percent down to 7 percent.
“We continue to work under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum to provide more business facilities to enhance Dubai's competitiveness under a policy that ensures the growth of partnership between the public and private sectors,” Sheikh Hamdan said.
Today, Dubai is one of the world's most popular tourist destinations. Last year we welcomed 16 million visitors & look forward to receiving 20 million in 2020 when we host the Expo. Our goal is to preserve these gains & consolidate our position as a competitive global destination— Hamdan bin Mohammed (@HamdanMohammed) June 11, 2018
“We continue to take firm steps to establish Dubai as a preferred destination for visitors and businesses internationally, and our incentive policies are aimed at making Dubai the best place in the world to do business,” he said.
This decree will expand the series of measures announced days earlier and aimed at supporting companies operating in Dubai, reducing the cost of doing business and attracting new investments— Hamdan bin Mohammed (@HamdanMohammed) June 11, 2018
“The tourism and hotel sector is a major pillar of our efforts to diversify the economy and sources of income. Its sustainability requires creating an attractive environment for tourism and investment.”
In line with the directives of @HHShkMohd we are announcing a 3% reduction of fees on the sale value for hotel facilities and restaurants in Dubai to enhance its position as a preferred destination for both investment and tourism— Hamdan bin Mohammed (@HamdanMohammed) June 11, 2018