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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 (2021 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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Amazon Partners With Music Streaming Service Anghami

Prime subscribers in Saudi Arabia and the United Arab Emirates will automatically get a free six-month subscription to Anghami Plus.

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amazon has partnered with music streaming service anghami

Amazon’s Prime subscription service offers an excellent value proposition because it includes not only free shipping but also access to a huge library of songs, among other things. Unfortunately for music lovers in the MENA region, the Amazon Prime music library includes mostly songs from English-speaking countries. But that’s about to change soon because Amazon has partnered with Anghami, the first legal music streaming platform and digital distribution company in the Arab world.

As a result of the new partnership, Prime subscribers in Saudi Arabia and the United Arab Emirates will automatically get a free six-month subscription to Anghami Plus, a premium subscription service that offers an unlimited access to Anghami’s large content catalog and unlocks extra features such as the ability to play songs offline, display lyrics, and enjoy music in high quality.

amazon prime anghami plus offer

“This collaboration with Anghami is a perfect example of how we work together with leading local brands to innovate on members’ behalf, offering them the best experience possible,” said Ronaldo Mouchawar, Vice President of Amazon Middle East and North Africa. “We’re excited to see Prime members in both Saudi Arabia and the UAE enjoy Anghami Plus and all it has to offer, alongside other shopping, savings and entertainment benefits already included in their membership”.

The partnership with Amazon is guaranteed to help Anghami realize its global ambitions and compete with other music streaming services, most notably Spotify and Deezer.

Also Read: Truecaller Wants To Raise Over $100 Million In Stockholm IPO

Several months ago, Anghami entered into a merger agreement with publicly traded special purpose acquisition company (SPAC) Vistas Media Acquisition Company Inc. The goal is to list Anghami on the New York NASDAQ exchange, giving it access to global growth capital.

Currently, Anghami provides its users access to more than 57 million Arabic and international songs, as well as podcasts and live radio. Amazon Prime subscribers who decide to keep using Anghami can get an additional 50% discount for the next six months.

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