{"id":2275,"date":"2020-08-24T11:13:06","date_gmt":"2020-08-24T11:13:06","guid":{"rendered":"https:\/\/rakmed.ga\/?p=2275"},"modified":"2021-11-25T12:17:54","modified_gmt":"2021-11-25T12:17:54","slug":"ruler-of-ras-al-khaimah-orders-certain-commercial-activities-to-be-exempt-from-renewal-fees-to-help-with-covid-19-situation","status":"publish","type":"post","link":"https:\/\/www.rakmediaoffice.ae\/en\/media-center\/press-releases\/ruler-of-ras-al-khaimah-orders-certain-commercial-activities-to-be-exempt-from-renewal-fees-to-help-with-covid-19-situation\/","title":{"rendered":"Ruler of Ras Al Khaimah Orders Certain Commercial Activities to Be Exempt from Renewal Fees to Help with COVID-19 Situation"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><\/p>\n<ul>\n<li><em>Certain businesses are to be exempt from penalties incurred during lockdown<\/em><\/li>\n<li><em>50% exemption for nurseries on trade license renewal fees<\/em><\/li>\n<li><em>25% exemption for establishments that closed to allow their facilities to be used for quarantine purposes<\/em><\/li>\n<li><em>50% exemption for RAK Airport facilities that have no alternative locations<\/em><\/li>\n<\/ul>\n<p>His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, has ordered that certain commercial activities that were especially hit by the lockdown and other precautionary measures enacted to curb the spread of COVID-19 will benefit from reduced trade license renewal fees and full exemption from fines incurred during the lockdown.<\/p>\n<p>The new directives add to a series of measures undertaken by H.H. Sheikh Saud to ensure business continuity in vital economic sectors and ease the burden brought about by the novel Coronavirus situation, while ensuring Ras Al Khaimah\u2019s economy continues to record significant performance and competitiveness scores across all fields. H.H. Sheikh Saud \u2019s directives during this time have supported the Government\u2019s efforts to ensure commercial activities in the Emirate can continue, which in turn ensures high-quality services for the entire community.<\/p>\n<p>H.H. Sheikh Saud directed Ras Al Khaimah Department of Economic Development (RAKDED) to offer nurseries a 50% exemption from their annual trade license renewal fees. In addition, establishments that closed to allow their facilities to be used for quarantine purposes will benefit from a 25% exemption, while facilities located at Ras Al Khaimah International Airport that had no alternative locations to divert operations to will benefit from a 50% exemption on license renewal fees. These exemptions will be in place for a year, in addition to full exemptions being granted from penalties for violations incurred during lockdown.<\/p>\n<p>The directives to exempt certain commercial activities from annual fees benefit Ras Al Khaimah\u2019s business community and help stabilize the Emirate\u2019s economic, which has been witnessing a significant boom in investment. The directives also serve to drive additional foreign investment into Ras Al Khaimah\u2019s market, which is resilient, competitive and has substantial economic potential.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Certain businesses are to be exempt from penalties incurred during lockdown 50% exemption for nurseries on trade license renewal fees 25% exemption for establishments that closed to allow their facilities to be used for quarantine purposes 50% exemption for RAK Airport facilities that have no alternative locations His Highness Sheikh Saud bin Saqr Al Qasimi, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3081,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2,3],"tags":[],"press_release_topic":[60,62,63,64,67,68],"latest_news_topic":[],"class_list":["post-2275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media-center","category-press-releases","press_release_topic-business-and-economy","press_release_topic-education","press_release_topic-environment","press_release_topic-financial","press_release_topic-projects-and-developments","press_release_topic-tourism"],"acf":{"header_desc":"","header_image":false,"pdf_file":false,"hi-res_image":false,"related_to_hh":"yes"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ruler of Ras Al Khaimah Orders Certain Commercial Activities to Be Exempt 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exemption for RAK Airport facilities that have no alternative locations His Highness Sheikh Saud bin Saqr Al Qasimi, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rakmediaoffice.ae\/en\/media-center\/press-releases\/ruler-of-ras-al-khaimah-orders-certain-commercial-activities-to-be-exempt-from-renewal-fees-to-help-with-covid-19-situation\/\" \/>\n<meta property=\"og:site_name\" content=\"Home Page\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-24T11:13:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-25T12:17:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rakmediaoffice.ae\/wp-content\/uploads\/2021\/11\/department-of-economic-development.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"503\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"rakmedia\" \/>\n<meta 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