Abu Dhabi unveils initiative to hasten issuance of business licences – The National

Abu Dhabi unveils initiative to hasten issuance of business licences – The National

Abu Dhabi unveils initiative to hasten issuance of business licences. Abu Dhabi launched an initiative to hasten the issuance of business licences in an effort to boost economic activity and improve the emirate's ranking on the ease of doing business index.. The emirate's Department of Economic Development said the new e-contract and e-signature system will make the process of obtaining a licence for one-person and limited liability companies much simpler, state news agency Wam reported on Monday.. "The e-contract and e-signature system is an important step towards enabling business owners to easily obtain their economic licences.". The department has launched several initiatives to boost economic activity and support small and medium-sized enterprises in the emirate in recent weeks.. Under the new e-contract and e-signature system, an applicant can obtain a certified Memorandum of Association through the department's Abu Dhabi Business Centre website, which eliminates the need for a notary to physically review the documents required before a licence can be issued.. Since the beginning of the year, 138 transactions were completed for the issuance of memorandums of association for limited liability and one-person companies while 1,759 Tajer Abu Dhabi and all-in-one licences were issued.. This accounts for about 30 per