Mohammed bin Rashid issues a decision to modify the system of licencing fees
Shaikh Mohammed bin Rashid, the Ruler of Dubai, issued a decision to alter the licence fees system in order to support the objectives of the Dubai Economic Strategy D33. This agenda seeks to improve Dubai's global standing so that it can become one of the top three global economic centres.
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The reasons for the decision to adjust the prices of licences
In order to strengthen Dubai's position as the world's preeminent hub for the organisation of major events and a top-choice location for tourists and people looking for career opportunities, we need to take the following steps.
Improving Dubai's standing on the international stage so that it can take its place among the top three economic hubs of the world
A decree that modifies the fees for event licencing
To the Most Noble Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, may God protect him, in his capacity as Ruler of Dubai, issued Decree (5) of 2023 to amend some provisions of Decree No. 25 of 2013 regarding the electronic system for licencing events and marketing and distributing event tickets in Dubai. The goal of the amendments was to create a more streamlined process for the licencing of events as well as the marketing and distribution of event tickets.
The new decree was issued as part of the ongoing process of modernising the legislative and regulatory frameworks in Dubai in accordance with the ambitious developmental directions of the emirate and the comprehensive development of the capabilities and competitiveness of its tourism and economic sectors, as well as the eagerness to find various forms of incentives that ensure that all components of the comprehensive economic system in Dubai achieve the highest levels of growth possible.
The cancellation of ten percent of the fees
As a result of the recently issued decree, the emirate of Dubai will no longer be responsible for collecting the equivalent of 10 dirhams (or 10 percent of the value of the ticket) from each person who attends an event that is hosted there. As was customary in the past, the Department of Economy and Tourism in Dubai is continuing to collect the prescribed costs for the annual membership to the electronic system that is used for marketing and delivering event tickets.
The outcomes that should be achieved as a direct result of the decision to adjust event licence prices
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, has issued a package of decisions to establish new institutions affiliated with the Department of Economy and Tourism in Dubai. The purpose of these decisions is to strengthen the pillars of the economy, develop it, increase its attractiveness, and confirm the elements of its growth. The new decree is a part of this package of decisions. And its prosperity, which includes continuing to build an environment for business, maintaining consumer protection, and further developing the concept of the finest worldwide business standards in a variety of industries.
This step will strengthen the momentum of the tourism sector and business events, which will, in turn, reflect the achievement of the vision of the wise leadership to make Dubai the best place in the world for people to live, work, and visit. This framework, especially since Dubai won the year 2022 by hosting 232 events and attracting more than 135,000 participants, thanks to the tireless efforts of "Dubai Business Events," the official office for attracting events and conferences in Dubai, and it also contributes to attracting more audiences and visitors to attend the events and festivals that The emirate organises it throughout the year. [Citation needed]