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

Abu Dhabi will permit companies from throughout the UAE to function within the capital with no need enterprise premises.

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

New rules now permit 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 yr.

Abu Dhabi enterprise supply

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

It goals to mirror 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 progress.

The measure exempts 1,200 financial actions throughout numerous sectors from offering a bodily premises for one yr 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 improve 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), stated: “We’re forging forward with our efforts to assist Abu Dhabi’s transition to a sensible, diversified, and sustainable financial system by means of numerous initiatives to allow the enterprise sector to profit from ample and promising alternatives within the emirate.

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

“Abu Dhabi has bolstered its place as a number one enterprise hub by attracting many corporations and buyers, due to a versatile and beneficial financial surroundings that helps enterprise setup and progress.

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

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

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