Dubai’s Department of Economic Development is reducing commercial fines for traders by 50% and implementing an automatic settlement system that generates a text message alert for fines.
The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai’s Department of Economic Development (DED) waived a total of $6.3m in fines under its 50% reduction facility in 2017-2018.
The DED received more than 4,650 fines settlement requests in 2017 and 2018. Continuing the scheme in 2019, the DED said announced an automatic settlement facility for traders eligible for 50% reduction on commercial fines.
Once a commercial violation is entered in the system, the trader receives a text message with an automatic reduction of 50% in the fine. Previously, the customer had to request a settlement upon which the system verified the trader’s eligibility for any reduction in fines.
The DED said the 50% reduction is applicable only on fines issued for the first violation in a calendar year.
The announcement is in line with the declaration of 2019 as the Year of Tolerance by President His Highness Sheikh Khalifa bin Zayed Al Nahyan and also represents DED’s efforts to enhance competitiveness and ease of business.
Source Credit: Arabian Business