The Abu Dhabi Registration and Licensing Authority (ADRA) revealed important progress in enterprise licences and compliance indicators within the Emirate’s mainland and non-financial financial free zones throughout 2024.
The variety of new financial licences within the Emirate’s mainland elevated by 16 per cent in comparison with 2023, underscoring Abu Dhabi’s attractiveness as a vacation spot for native and worldwide companies and investments resulting from its business-friendly ecosystem and world-class transparency and governance requirements.
Moreover, Abu Dhabi witnessed a exceptional progress of twenty-two per cent of lively licences within the non-financial financial free zones.
Abu Dhabi enterprise progress
The variety of “Actual beneficiary” requests reached 47,291, reflecting the effectiveness of initiatives launched by the Emirate over the previous few years to reinforce compliance with native and worldwide requirements and strengthen Abu Dhabi economic system’s competitiveness.
ADRA reported a 27 per cent improve in renewed licences within the Emirate’s mainland and a 9 per cent in lively licences in comparison with 2023.
Mohammed Munif Al Mansouri, Performing Director-Common of ADRA, mentioned: “The high-growth charges in financial licences reaffirm Abu Dhabi’s attractiveness to traders and entrepreneurs to learn from the Emirate’s thriving economic system and its promising alternatives.”
He added that over the previous 12 months, the ADRA’s initiatives to reinforce ease of doing enterprise, empower ladies, and increase financial actions have considerably elevated sure licence classes, reminiscent of Tajer Abu Dhabi (Abu Dhabi Dealer), freelancer, and the “Mobdea”.
He added: “We reaffirm our steadfast dedication to offering the perfect atmosphere for entrepreneurs and traders, aligning with the Emirate’s initiatives to speed up progress and diversification, and constantly develop legislative and regulatory frameworks whereas advancing digital transformation”.
The “Mobdea” licences, designated for Emirati ladies to show their inventive passions into industrial endeavours, grew from 1,456 licences in 2023 to 2,503 final 12 months, with a staggering 72 per cent improve.
This progress is a results of the Emirate’s steady efforts to empower ladies within the economic system, enabling them to conduct their companies while not having bodily premises, overlaying greater than 50 financial actions.
Freelancer licences have additionally grown considerably from 1,013 in 2023 to 2,065 in 2024, reflecting a 104 per cent improve.
Amongst these, licences issued to Emirati nationals rose by a formidable 371 per cent, from 84 in 2023 to 396 in 2024.
The expansion fee for brand new licences issued to different nationalities ranged from 20 per cent to 107 per cent.
The Freelancer licence permits UAE nationals and residents with specialised abilities and experience to interact in over 100 financial actions at minimal value.
It leverages professionals’ various data and experience and accelerates a knowledge-based and innovation-driven economic system.
The “Tajer Abu Dhabi” licences elevated by 20 per cent, with 7,187 licences issued final 12 months in comparison with 5,989 in 2023.
Just lately, 12 new financial actions had been added to this licence class, permitting entrepreneurs and micro, small, and medium enterprises to start out their companies while not having bodily premises for the primary three years.
The variety of financial actions coated underneath this licence has grown to greater than 1,200, in comparison with simply 30 when it was first launched in 2017.
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