With the recent reformations happening in Dubai, Sheikh Hamdan has ordered to reduce the municipality fees from 10 to 7 Percent on sales at hotels and restaurants. The new fee reduction was part of the country’s effort increase foreign investments in the industry of hospitality and tourism and to reduce the cost of trade in Dubai.
The decision of slashing the fees on hotels and restaurants is very much welcomed by investors. Resorts the likes of Anantara The Palm Dubai Resort which is a Palm Jumeirah hotel along with many other resorts and hotels in Dubai, will be greatly benefitted by the new reduction of taxes and fees.
The crown prince of Dubai is a young and knowledgeable leader who is making some bold moves by implementing new and intellectual reformations and leading the country to prosperity.
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