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New law (Law 2 of 2013) signed by HH Sheikh Mohamad Bin Rashid

 
05/14/2013

New law (Law 2 of 2013) signed by HH Sheikh Mohamad Bin Rashid that modified registration fees for Warehouses Transactions.

 

 

 

Under the new amended law, yoydrones a Dh10 fee shall be levied for registering every one square meter of the total area on which a warehouse is built, provided that the total registration charges do not surpass Dh10,000.
As per the new amendment, the new fee will be less than the previous fee which was set at 2 per cent of the value of the sale contract.

 

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