Dubai Chamber exempts its members from late membership fees

MEDIA IN, Dubai, August 14, 2018 (WAM)

 Dubai Chamber of Commerce and Industry (DCCI) announced today that it has exempted member companies from late fees and accumulated membership due to the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to stimulate economic growth, facilitate business practices and reduce costs. The move follows the launch of two initiatives to stimulate the economy and promote public-private partnerships to enhance the competitiveness of the business environment and attract foreign investment. The first was the establishment of an advisory board of international companies operating in Dubai to enhance their contribution to the decision-making process of the business environment Economic diversification. The second initiative included working with the Chamber’s partners from the concerned government departments and agencies to reduce the cost of the work by reviewing the fees and local laws, which will have a significant impact on reducing the financial burdens on companies and help them to overcome the challenges they face. Hamad Buamim, Director General of Dubai Chamber of Commerce and Industry (DCCI), said that the Chamber’s exemption from late membership fees is a message to the private sector that the Chamber is focusing its efforts on representing, supporting and protecting the interests of the business community in the emirate.