Abu Dhabi pronounces new guidelines for UAE companies with out enterprise premises 

Abu Dhabi will enable companies from throughout the UAE to function within the capital without having enterprise premises.

The Abu Dhabi Division of Financial Improvement (ADDED) has launched new flexibilities to assist enterprise growth and development throughout the emirate.

New laws now enable corporations registered in different emirates of the UAE, and their respective free zones, to open branches inside Abu Dhabi with out requiring bodily premises for the primary 12 months.

Abu Dhabi enterprise provide

The choice streamlines enterprise processes and offers corporations easy accessibility to the numerous enterprise alternatives throughout the rising economic system.

It goals to replicate the town’s dedication to fostering a conducive funding local weather by means of ease of doing enterprise, solidifying its place as a thriving hub for funding and development.

The measure exempts 1,200 financial actions throughout varied sectors from offering a bodily premises for one 12 months from the date of their licence issuance.

The choice helps Abu Dhabi’s financial diversification efforts by enabling corporations to develop by means of entry to its built-in enterprise ecosystem.

It enhances the expansion of non-oil sectors, which have elevated 59 per cent over the previous ten years, with a 6.6 per cent enhance within the third quarter of 2024, elevating their contribution to complete GDP to 54 per cent.

Mohammed Munif Al Mansouri, Performing Director-Basic of the Abu Dhabi Registration and Licensing Authority (ADRA), mentioned: “We’re forging forward with our efforts to assist Abu Dhabi’s transition to a wise, diversified, and sustainable economic system by means of varied initiatives to allow the enterprise sector to learn from ample and promising alternatives within the emirate.

“Our measures assist the growth of companies by streamlining operations. As well as, we’re creating authorized and regulatory frameworks to boost the benefit of doing enterprise to realize the strategic targets of financial development and improve Abu Dhabi’s world competitiveness.

“Abu Dhabi has strengthened its place as a number one enterprise hub by attracting many corporations and buyers, because of a versatile and beneficial financial atmosphere that helps enterprise setup and development.

“Recognised because the fastest-growing startup ecosystem within the Center East and North Africa, the emirate has expanded the actions accessible beneath the Tajer Abu Dhabi (Abu Dhabi Dealer) and Freelancer licences to 1,200 and 100 actions, respectively.

“This growth caters to the wants of entrepreneurs and buyers from totally different sectors, allows the launch and operation of companies that energise our business sector, promotes financial diversification, and creates jobs.”

Homeowners of licensed institutions in different emirates can apply for a brand new department licence within the emirate by means of the unified Authorities providers digital platform TAMM.

The method entails submitting the required paperwork, acquiring approvals, and paying the charges to obtain the financial licence for the brand new department upon receipt of an acceptance notification.