To help existing and prospective businesses in the emirates, the Economic Development Department of Abu Dhabi launched Investor Journey.
The Abu Dhabi Digital Authority represents the Department of Government Support.
In addition to reducing costs, the new initiative will facilitate the setting up of new businesses. In addition to Abu Dhabi lowering set-up and renewal fees by 93 percent to just Dh1,000, in 2021 it will eliminate 71 percent of business set-up requirements, bringing a fully digitalized experience guiding investors through a range of services with a minimum of physical touchpoints. Government transactions and approval procedures have also been unified.
“Our active cooperation with partners in the public and specifically the private sectors for the benefit of business owners is a testament to Abu Dhabi’s determination towards reducing both direct and indirect costs while maintaining price compliance,” said Mohamed Ali Al Shorafa Al Hammadi, Chairman of ADDED.
“We have key business enablers in place such Abu Dhabi Residents Office, Abu Dhabi Investment Office and the Investor Journey programme to empower and safeguard one of the economy’s key pillars, the private sector.”
Discussing the importance of the ‘Investor Journey’ in the digital transformation of Abu Dhabi, Ali Al Ketbi, Chairman of the Department of Government Support – Abu Dhabi, said: “One of the main priorities for the government support sector is to enable and support an integrated and proactive digital government. This would enable a future-ready government.”
An informative ‘Simulator’ allows investors and business owners to seek clarity and information; ‘License Finder’ assists in identifying suitable legal forms and license types, followed by an easy application process to obtain trade names and licenses.Source: Abu Dhabi goes digital with ‘Investor Journey’ to ease business set up | Business – Gulf News