The Abu Dhabi Department of Economic Development (ADDED) has announced that it has launched the "Abu Dhabi Registration and Licensing Authority (ADRA)" in order to further develop and regulate the business sector in the emirate.
Publish dateWednesday 8 January 2025 - 00:54
According to Amac News: Based on the announcement of the department, this action was taken to monitor the registration of businesses in Abu Dhabi and its non-financial free economic zones.
ADRA will also work with relevant bodies to facilitate licensing procedures. The center will ensure that all laws and regulations relevant to the Emirate of Abu Dhabi and its non-financial free economic zones, including anti-money laundering and combating the financing of suspicious activities and illegal organizations, are complied with.
The center will also develop an integrated database to collect information on economic institutions in the emirate's mainland and non-financial free zones. This initiative helps to better manage business registration, facilitate licensing procedures for economic institutions, manage regulatory affairs and ensure compliance with relevant laws and regulations.
Using advanced digital solutions, ADRA will facilitate the process of establishing, operating and growing businesses and help encourage investment and create a strong ecosystem for the business sector. The center will also introduce new types of licenses to provide opportunities to attract talent, investors and entrepreneurs, allowing them to take advantage of the diverse economy of the Emirate of Abu Dhabi.
The Chairman of ADDED considered the establishment of ADRA as a new milestone in Abu Dhabi's economic journey. He added that the center supports ADDED's initiatives to accelerate the growth of the Emirate of Abu Dhabi's economy by providing expert guidance and access to a dynamic business ecosystem.
The center represents Abu Dhabi's vision to strengthen its position as a leading destination for talent, investment and businesses, helping them expand nationally and internationally and access new markets.
ADRA will also work with relevant bodies to facilitate licensing procedures. The center will ensure that all laws and regulations relevant to the Emirate of Abu Dhabi and its non-financial free economic zones, including anti-money laundering and combating the financing of suspicious activities and illegal organizations, are complied with.
The center will also develop an integrated database to collect information on economic institutions in the emirate's mainland and non-financial free zones. This initiative helps to better manage business registration, facilitate licensing procedures for economic institutions, manage regulatory affairs and ensure compliance with relevant laws and regulations.
Using advanced digital solutions, ADRA will facilitate the process of establishing, operating and growing businesses and help encourage investment and create a strong ecosystem for the business sector. The center will also introduce new types of licenses to provide opportunities to attract talent, investors and entrepreneurs, allowing them to take advantage of the diverse economy of the Emirate of Abu Dhabi.
The Chairman of ADDED considered the establishment of ADRA as a new milestone in Abu Dhabi's economic journey. He added that the center supports ADDED's initiatives to accelerate the growth of the Emirate of Abu Dhabi's economy by providing expert guidance and access to a dynamic business ecosystem.
The center represents Abu Dhabi's vision to strengthen its position as a leading destination for talent, investment and businesses, helping them expand nationally and internationally and access new markets.
amacnews.com/vdcg.y9xrak9t7j54a.html
Source : news agency wam
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