Ras Al Khaimah waives fines, late payment fees for events companies

Ras Al Khaimah waives fines, late payment fees for events companies

  RAS AL KHAIMAH – The Ras Al Khaimah Department of Economic Development (RAKDED) has waived fines and late payment fees for events companies. According to RAKDED, exhibition organisers, wedding halls and event venues will be exempt from 100 percent of their licensing fees, violation charges and late payment penalties for 2021. The decision is in line with directives from Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, to support businesses in the emirate. The exemption remains valid for one year from the date of implementation, allowing the relevant establishments to benefit from the waiver in the event that they need to renew their license. The new exemptions follow an earlier set of measures that were approved last year, which waived 50 percent of trade licensing fees, as well as exempting establishments from violations and late fees. The stimulus package introduced over the course of the past year included a 50 percent waiver from the Ras Al Khaimah Chamber of Commerce and Industry on outdoor exhibition permits until the end of 2020, as well as a 25 percent exemption for consumer and specialised exhibitions held at the Ras Al Khaimah Exhibition Center until the end of 2020. Ras Al Khaimah also offered a 25 percent discount on new residency visas for family members; a 60-day grace period for the extension of trade licenses; exemption of fees for tenants of municipality-owned markets for a period of three months; and reduced fees for issuing health cards, among others. BBM/Expat Media

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