ADDED inks agreements with 4 banks to offer ‘easy payment plan’

ADDED inks agreements with 4 banks to offer ‘easy payment plan’

The Abu Dhabi Department of Economic Development (ADDED) has signed an agreement with First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai (CBD), and Abu Dhabi Islamic Bank (ADIB) in order to provide “easy payment plan” service.

According to the statement, “The new service will enable credit card holders issued by these 4 banks to pay the charges for the services provided by ADDED in installments ranging from 3 to 12 months.”

This move is in line with the efforts of ADDED to support business owners and ensure ease of doing business in the Emirate.

As per the statement, “ADDED’s recent initiatives to improve the business ecosystem included a reduction of requirements to set up business by 71.3 percent, and fees to issue and renew licenses were reduced by over 94 percent as part of “Investor Journey” program.” It intends to improve the ease of doing business and strengthen Abu Dhabi’s status as a preferred global destination for business and investments.

Mr. Ibrahim Al Mosa, Executive Director of Corporate Support Services Sector at ADDED said that, “We are committed to providing the best conditions for our customers and business community in Abu Dhabi. We have signed these agreements with