Sharjah announces 50% discount on penalties for failing to renew business licences
The SEC granted a 50% reduction in fines for failing to renew permits.
The Sharjah Government on Tuesday offered a 50% discount on fines for failing to renew business permits beginning the following week.
After a meeting presided over by Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Vice-Chairman of the Sharjah Executive Council (SEC), in Sheikh Sultan bin Ahmed bin Sultan Al Qasimi's presence.
The SEC authorised a 50% discount on fines for licence non-renewals as part of the emirate's intentions to assist neighbourhood companies, as long as the owner changes his or her status within four months, beginning July 10.
The agreement between the Ministry of Industry and Advanced Technology (MoIAT) and the Sharjah Economic Development Department (SEDD) for collaboration in the fields of arranging market surveys and confirming product conformance was authorised by the council.
The memorandum integrates federal and local efforts to disseminate preventive and corrective measures regarding recalled or non-conforming products in order to safeguard the safety and quality of products registered in the nation's markets. Additionally, it aims to establish a state-level central database that will make it simple for dealers to report any non-conforming products.