Business Setup in Abu Dhabi Made Easier
- Publish date: Thursday، 22 December 2022
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The Abu Dhabi Department of Economic Development (ADDED) announced that the Abu Dhabi Government reduced the requirements for starting a new commercial business by 71%.
Sameh Abdulla Al Qubaisi, Executive Director of the Executive Affairs Office of ADDED, said that the move came after several recent announcements regarding the ease of doing business in the emirate
In April 2021, ADDED, led and launched a special task force as part of the department’s Investor Journey Programme, and coordinated with more than 20 government entities and the private sector to achieve the reduction.
Through several discussions led by ADDED, the Abu Dhabi Government identified and removed duplicate requirements and modified existing requirements to facilitate the process of starting a business while not compromising public safety and security.
Last week, ADDED announced that all licence issuance and renewal fees for Abu Dhabi Government entities have been reduced to AED1,000, and over 93 percent of economic activities can now receive a commercial licence within six minutes.
Setting up a business #inAbuDhabi has never been easier or cheaper. It now costs only AED1,000 (plus federal charges) - a reduction of 94 per cent - and the requirements for a commercial licence have been reduced by 71 per cent across all activities.
— مكتب أبوظبي الإعلامي (@admediaoffice) August 2, 2021
To further enhance investors’ experience, ADDED is working closely with the Abu Dhabi Digital Authority (ADDA) to improve the commercial licensing services on the TAMM-Abu Dhabi Government Services website, Al Qubaisi added.
This article was previously published on UAE Moments.To see the original article, click here