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Abu Dhabi launches unified economic licence

Thursday, 6 June 2024 20:53

By ARN News Staff

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Authorities in Abu Dhabi have introduced a unified economic licence to enhance the ease of doing business in the emirate.

The latest initiative unifies procedures for registering economic licences across the emirate and its free zones, in a move to streamline business setup and reinforce governance and transparency.

This will introduce a standardised reference number for all licences and ensure company data remains current within a newly integrated Abu Dhabi registry, simplifying data management and fostering collaboration between free zones and mainland authorities.

Investors will benefit from a seamless and faster digital setup process, thanks to the new system.

Representatives from entities responsible for economic licence registration have formed a task force to ensure a smooth transition.

The Unified Economic Licence was launched by the Abu Dhabi Department of Economic Development (ADDED) in collaboration with the Abu Dhabi Free Zones Council, Khalifa Economic Zones Abu Dhabi (KEZAD Group), Abu Dhabi Airports Free Zone (ADAFZ), Masdar City Free Zone and Creative Media Authority (CMA).

 

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