2024-06-06 14:24:26
Abu Dhabi on Thursday launched a unified financial license to enhance ease of doing enterprise, aiming to strengthen the UAE capital’s aggressive place as a high vacation spot for buyers and entrepreneurs.
Zone and Inventive Media, in response to a press release issued by the Abu Dhabi Division of Financial Improvement in partnership with the Free Zone Council, Khalifa Financial Zone Abu Dhabi (KIZAD Group), Abu Dhabi Airport Free Zone, Masdar Metropolis Free Zone, and the official information company The Authority introduced the launch of unified licensing for financial establishments within the emirate.
This step focuses on unifying the registration procedures for financial establishments, making certain the availability and updating of firm information within the unified registry, enhancing information administration processes and strengthening cooperation between related authorities within the emirate and free zones, which can contribute to easy enterprise institution and Strengthen governance and transparency.
The initiative, which allows buyers to be supported simply and rapidly by digital channels, displays Abu Dhabi’s dedication to the continued improvement of enterprise methods and strengthening the emirate’s place as a worldwide enterprise hub.
The authorities accountable for registering financial institutions within the emirate and its free zones have established working teams to make sure a easy transition to the brand new system.
Ahmed Jassim Al Zaabi, Chairman of the Abu Dhabi Division of Financial Improvement and Chairman of the Free Zone Council, mentioned that the free zone performs an necessary position in diversifying the economic system, attracting overseas direct funding, and accelerating the transformation in the direction of smartness, diversification and sustainability. performs an necessary position in realizing everybody’s pursuits throughout the framework of the rising Falcon economic system.
Unifying the registration course of for financial establishments within the emirate of Abu Dhabi is a crucial step and confirms the keenness abu dhabi Strengthen the enterprise system according to the very best worldwide requirements by the event and modernization of applicable legislative and regulatory frameworks and allow buyers, entrepreneurs and excellent abilities to profit from the wide selection and promising alternatives provided by the emirate’s vibrant and energetic economic system Profit from it and speed up the method of digital transformation.
Al Zaabi added: “We’re working with our strategic companions within the free zones of the Emirate of Abu Dhabi and different related authorities to develop the mandatory framework to speed up and launch an environment friendly system of unified registration procedures. Develop partnerships to fulfill buyers necessities and guarantee optimum situations to facilitate the institution and conduct of enterprise, which can assist improve the emirate of Abu Dhabi’s international improvement competitiveness and obtain its strategic targets.
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