The changes followed a review conducted in the first quarter of 2010, which looked at the fee structure set out by the centre’s Registrar of Companies.
In a statement on its website, the DIFC said the changes it is making include amendments to its Companies Regulations fees, covering retail and non-retail companies, as well as to DIFC Limited Liability Partnership Regulations, General Partnership Regulations and Limited Partnership Regulations and Special Purpose Company Regulations.
It said it is eliminating the fees it charges businesses that fall into 61 categories, slashing the fees of those in another 10 categories, and slightly raising the fees of companies in 12 categories.
It is leaving the fees it charges businesses in another 46 categories unchanged.
The DIFC statement, which was dated 30 September, said the lower rates took effect on 5 September.
Abdulla Al Awar, chief executive of the DIFC Authority, said the review process was “part of our wider initiative to reduce the cost of doing business in the DIFC”.
He added: “we are committed to working closely with our clients in order to help them achieve their business goals. These proposals are designed to help our clients grow their businesses by making the DIFC a more competitive business hub.”
