Setting up business in Abu Dhabi gets quicker, cheaper

istock [For illustration]

It's now a lot easier and cheaper to set up a business in Abu Dhabi.

The requirements for starting a new venture in the emirate has been reduced by 71 per cent, and it applies to all commercial activities.

The move comes a week after the Abu Dhabi Department of Economic Development (ADDED) announced a 94 per cent reduction in the cost of registering or renewing a business.

The changes are part of the government's 'Investor Journey Programme', introduced in coordination with more than 20 government entities and the private sector.

Authorities have been able to identify and remove duplication of requirements and modify existing procures to facilitate the process of starting a business.

Last week, ADDED announced that all licence issuance and renewal fees for Abu Dhabi government entities have been reduced to AED 1,000 only and over 93 per cent of economic activities can now receive a commercial licence in six minutes.

ter.com/admediaoffice/status/1422090226286137347?s=20ps://twitter.com/admediaoffice/status/1422090226286137347?s=20

More from Business

  • IDC 2025 discusses global disruptions, defence preparedness

    The International Defence Conference 2025 commenced on Sunday at Emirates Palace in Abu Dhabi, bringing together defence and security leaders, experts, and companies from around the world to discuss key challenges and opportunities in the sector.

  • Dubai Energy Council reviews carbon emissions progress

    Ahmed bin Saeed chaired the Dubai Supreme Council of Energy meeting on Sunday, which reviewed progress in carbon emission reduction technologies in alignment with the UAE’s Net Zero 2050 Strategy and the Dubai Carbon Abatement Strategy 2030.

  • OpenAI board rejects Musk's $97.4 billion offer

    OpenAI has rejected a $97.4 billion (AED 357 billion) bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous.

  • AD Ports Group reports net profit of AED 1.78 bln

    AD Ports Group has announced its preliminary unaudited financial results for the fourth quarter and full year ending December 2024, and saw revenue increase 48 per cent year-on-year (YoY) to AED 17.29 billion.

  • Air Arabia reports record AED1.6 bln profit in 2024

    Air Arabia has announced its financial and operational results for the full year ending December 31, 2024, posting a record pre-tax net profit of AED 1.6 billion, reflecting a four per cent increase compared to AED 1.5 billion in 2023.

News