Federal Decree-Law No. (13) of 2024 Regarding Protection from Domestic Violence
November 18, 2024
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Unified Economic License
The Abu Dhabi Department of Economic Development (ADDED) introduced a new business license in partnership with the Abu Dhabi Free Zones Council. This initiative includes several key entities such as Khalifa Economic Zones Abu Dhabi, Abu Dhabi Airports Free Zone, Masdar City Free Zone, and Creative Media Authority. This initiative will unify procedures for registering economic licenses across the emirate and its free zones, in a move to streamline business setup and reinforce governance and transparency
The Unified Economic Licence initiative supports Abu Dhabi’s economic development objectives by:
1. Enhanced Business Environment:
Streamlined procedures reduce administrative burdens for businesses, making Abu Dhabi a more competitive location for both startups and established companies. This improves the overall business environment.
2. Attraction of Foreign Direct Investment:
By simplifying the licensing process and enhancing transparency, Abu Dhabi becomes more attractive to foreign investors. This can lead to increased inflows of capital and expertise into the economy.
3. Promotion of Economic Diversification:
Abu Dhabi aims to diversify its economy away from oil dependency. The unified licensing system supports this goal by encouraging investments across various sectors, including technology, media, sustainability, and logistics
4. Support for Small and Medium Enterprises (SMEs):
SMEs often face challenges in navigating complex regulatory frameworks. The unified licence simplifies these processes, making it easier for smaller businesses to enter the market and thrive.
5. Global Competitiveness:
Aligning with global standards and best practices enhances Abu Dhabi’s reputation as a business-friendly hub. This attracts multinational corporations seeking stable and supportive environments for regional headquarters and operations.
6. Job Creation and Economic Growth:
Easier business setup means more companies can establish operations quickly. This stimulates job creation across different industries and contributes to overall economic growth
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