United Arab Emirates

United Arab Emirates

Abu Dhabi Launches a unified economic licence to enhance ease of doing business

06 Jun 2024

On 6 June 2024, the Department of Economic Development of Abu Dhabi launched the Unified Economic Licence to enhance ease of doing business for investors and entrepreneurs, which unifies procedures for registering economic licences across the Emirate and its free zones, in a move to streamline business setup and reinforce governance and transparency. This will introduce a standardised reference number for all licences and ensure that company data remains current within a newly integrated Abu Dhabi registry, simplifying data management and fostering collaboration between free zones and mainland authorities.