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Abu Dhabi Has Dropped Business Setup Fees By Up To 94%

Thanks to the new initiative, setting up a new business in Abu Dhabi will cost you as little as 1,000 AED.

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abu dhabi has dropped business setup fees by up to 94 percent
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Abu Dhabi Department of Economic Development and other government entities are determined to make the capital of the United Arab Emirates even more attractive to entrepreneurs because they’ve decided to lower business setup fees by up to 94 percent.

“We hope this significant change in fee structure helps to further ease the set-up process for new and existing investors,” explains Mohammed Al Shorafa, chairman of Abu Dhabi Department of Economic Development. “Our goal for Abu Dhabi, as part of our new economic strategy, is to create a thriving business environment that encourages growth and innovation. Ease of starting and managing a business is a key lever, and we strongly believe the restructuring of fees will help us achieve this goal.”

The new business setup fees amount to just 1,000 AED ($273 USD), and they came to effect on July 27, 2021, covering all fees from Abu Dhabi government entities such as Abu Dhabi Department of Economic Development, the Department of Municipalities and Transport, membership fees for Abu Dhabi Chamber, CoC (Certificate of Conformity) issuance fee, and others.

This isn’t the first move Abu Dhabi have made in order to attract more entrepreneurship. In the past, the city has provided everything from rent rebates and discounts on utility bills to loan guarantee packages. Combined, all these business growth measures create an environment that’s especially favorable to tech entrepreneurs, who often compete with large enterprises with minimal financial resources. The less fees and other expenses they have to worry about, the more money they can dedicate to developing a great product and making it available to customers.

Also Read: How To Start An Online Business In Dubai (2023 Guide)

Abu Dhabi expects its economy to grow as much as 8 percent during the next two years as it recovers from the pandemic. The growth is expected to be driven mainly by government spending, foreign direct investment, the oil sector, and financial services.

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Visit Iconic Mosques Worldwide With MetaMosque VR

For those with disabilities or economic challenges, visiting the Great Mosque of Mecca is now a real possibility.

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visit iconic mosques worldwide with metamosque vr

For Muslims worldwide, visiting mosques is of crucial religious and cultural importance. Unfortunately, not everyone shares easy access to a local place of worship, and many Muslims certainly can’t afford a pilgrimage to Al Haram, the Great Mosque of Mecca — even just once in their lifetime. Now, a new virtual reality project is attempting to break down those barriers.

MetaMosque is a virtual app that enables users to experience mosques around the world. Through the platform, Muslims can take part in a spiritual journey to experience the wonder of some of the world’s most significant mosques, fostering a sense of belonging and connection to these vital religious spaces, regardless of circumstances.

Samera Abed, CEO and founder of MetaMosque, devised the project for her 90-year-old mother, who now struggles to attend a mosque by herself.

“So just like how I taught her to use an iPhone, I am teaching her to be part of a community,” Abed explained. “She can go to her childhood mosque whenever she wants”.

Also Read: Yango App Now Alerts Muslim Drivers To Prayer Times

Available on Meta Quest, the MetaMosques immersive experience offers an engaging virtual exploration of prayer halls and a close look at the fine architectural details of some of the world’s most iconic Islamic buildings. After a virtual visit, users are encouraged to share their experiences in online discussions that aim to grow the accompanying MetaMosque community.

“I also know that this will be a great gift for many Muslims in the world who have disabilities or are facing economic challenges,” Abed adds.

MetaMosque currently offers access to ten mosques and a Majlis. The app is available on multiple platforms, including iOS, Android, PC, and Meta Quest, with inbuilt AI that can answer questions on Islamic knowledge and the history of these mosques, along with personalized reminders for upcoming religious events.

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