Abu Dhabi Business Centre, affiliated to the Abu Dhabi Department of Economic Development, has announced the implementation of a system for the immediate issuance of trade licenses in the Emirate of Abu Dhabi for all applications of extracting commercial licenses within a time period not exceeding 10 minutes.
Ali Majid Al Mansouri, Head of the Department, said that this system is designed to improve the business environment and enhance the competitiveness of the Emirate of Abu Dhabi, and is an important step to achieve targets set by the strategy of developing the business environment in the emirate that is implemented by the Abu Dhabi Business Centre.
He said that the system of the instant licensing issuance came after the department had conducted a comprehensive study, which included access to the best international practices in this area, in addition to the detailed knowledge of all the conditions for the execution of the system and the conditions related to business licenses with all the requirements and conditions to be provided in favour of the client.
He added that the performance of the Emirate of Abu Dhabi’s economy during 2014 was good and this is reflected in the levels of confidence and optimism towards the current and future economic conditions among the parties to the economic process of all categories, from consumers to businessmen, businesswomen and investors.
Al Mansouri said that he hoped that the instant issuance of commercial licensing system will constitute a quantum leap in the renewal of the business cycle at the level of the Emirate of Abu Dhabi, including contributing to the enhancement of the competitiveness of the emirate and to boosting the contribution of trade and business sector in the GDP. Thus, it contributes to attracting more businessmen and investors to keep pace with the magnificent urban development witnessed by the emirate its three regions of Abu Dhabi, Al Ain and Al Gharbia.
He stressed that the Abu Dhabi Business Centre is keen to provide the best services for businessmen and investors through the application of “a Single-Window Service Principle”, where the centre has launched a range of electronic services that can be offered via smart devices for the furtherance of the directives of the Government of the United Arab Emirates to implement innovative solutions that focus on clients needs and the services provided to them.
Mohammed Rashid Al Rumaithi, the Assistant Executive Director of the Abu Dhabi Centre for Business, added that the launching of the immediate licensing service, as well as the renewal of commercial licenses, is designed to improve the competitiveness of the Emirate of Abu Dhabi and attract more investment and reduce the administrative procedures, thus boosting the speed of service delivery and increasing customer satisfaction with the services provided to them.
Al Rumaithi added that Abu Dhabi Business Centre has completed the electronic linkage procedures with about 23 government agencies concerned with the approval of business activities, which account for 90% of the total business activities that are authorised at the level of the Emirate of Abu Dhabi, pointing out that the total number of government agencies concerned with the issuance of approvals of business activities is up to 53 agencies.