Abu Dhabi Economy: starting from the first of August 2021

Implementation of reducing requirements for issuing licenses for commercial activities in Abu Dhabi 71%

"Abu Dhabi Economy" is working with "Abu Dhabi Digital" to improve licensing services on the "Tamm" platform.

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The Department of Economic Development in Abu Dhabi announced the implementation of a 71% reduction in the requirements for issuing licenses for commercial activities in the Emirate of Abu Dhabi, in coordination with more than 20 local and federal government agencies, which facilitates the start of doing business in Abu Dhabi in various economic sectors.

The department stated in a statement yesterday that this comes within the framework of the efforts of the Steering Committee for the "Investor's Journey Program", which is supervised by the "Abu Dhabi Economy", in cooperation and coordination with the relevant government agencies, since April 2021, which greatly facilitates the investors Obtaining their business license.

Frequent requirements

According to the statement, the Department of Economic Development in Abu Dhabi, in cooperation with the relevant government agencies, was able to identify and remove recurring requirements, and amend the current requirements to facilitate the start of doing business, and these changes were made to ensure that there is no conflict with the requirements related to public safety procedures or Security, where the requirements for issuing commercial licenses that have been canceled are prerequisites for starting a new business, and they often create an additional administrative and financial burden for business owners, which increases the time and cost of starting a new project.

Quantum leap

The head of the department, Muhammad Ali Al-Shurafa, praised the level of cooperation and support of local and federal government agencies that contributed to reducing the requirements for issuing commercial licenses, which is a major qualitative leap to accelerate the facilitation and simplification of procedures and requirements for doing business at the emirate level, and to support the "Investor's Journey Program" to lead the transformation process in accordance with International best practices in this field.

He pointed out that, starting from August 1, 2021, the Abu Dhabi Economy began implementing a 71% reduction in the requirements for issuing licenses for commercial activities and including them within the systems of the department and the concerned authorities, which positively reflects on the competitiveness of starting business in Abu Dhabi, which enhances the emirate's position within the reports. Regional and international competitiveness.

For his part, the undersecretary of the department, Rashid Abdul Karim Al Balushi, said that this step is the beginning of the "Investor's Journey Program", which is supervised by the department, in cooperation and coordination with local and federal authorities in the country, stressing that the "Abu Dhabi Economy" will continue to launch more initiatives aimed at Facilitate and simplify doing business in the Emirate, thus enhancing its competitiveness in the business sector.

In the same context, the Executive Director of the Executive Affairs Office in the department, Sameh Al Qubaisi, said that the Abu Dhabi Economy initiative to reduce the requirements for economic activities to issue commercial licenses in the emirate is consistent with the recent decision issued by the Abu Dhabi government to reduce the fees for issuing and renewing economic licenses to only 1,000 dirhams. Within six minutes for about 93% of economic activities, in addition to the department’s launch in July 2021, the “Abu Dhabi Residents Office” ADRO to attract talent and provide distinguished services to residents, thus enhancing Abu Dhabi’s position as a preferred destination for living, working and prospering.

Al Qubaisi explained that, with the aim of enhancing the investor’s journey better, “Abu Dhabi Economy” is working with the Abu Dhabi Digital Authority in the coming months to develop and improve the licensing services provided on the integrated services system platform “Tamm”, to be an integrated window for all commercial licensing services, By containing all the required processes and procedures, thus enhancing the ease of doing business in the emirate for the private sector.

• 1000 fees for issuing and renewing economic licenses in Abu Dhabi.

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