Dubai Chamber of Commerce and Industry (DCCI) has announced it will waive late membership fees in an effort to reduce the cost of doing business in the emirate.
The measure is the latest taken by a government department in Dubai after instructions from the emirate’s ruler to make the economy more competitive.
DCCI president and CEO Hamad Buamim said: “The fee waiver reflects the Chamber’s strong commitment to protecting the interests of Dubai’s business community and supporting its growth and development.”
At the end of last month, Dubai Airport Free Zone said it would reduce business set up and other costs by up to 65 per cent
Other fee reductions have been announced in the hospitality, education, aviation and real estate sectors.