Abu Dhabi, UAE: In a continuous effort to improve business efficiency and ensure ease of doing business, the Abu Dhabi Global Market (ADGM) Registration Authority has launched an instant licence renewal service for entities registered at ADGM.
The new instant licence renewal service will allow registered entities to efficiently complete licence renewals through the Online Registry Solution, once the renewal form is submitted. Entities will also be able to continue to use the platform to lodge their other annual filing requirements as per the ADGM Companies Regulations 2015.
The instant licence renewal will facilitate business continuity and support ADGM establishments in their operations. This initiative is launched as part of ADGM Registration Authority’s continuous efforts to introduce initiatives that reinforce ADGM’s position as a destination of choice for companies and investors.
Commenting on the new service, Mr Dhaher bin Dhaher Al Mheiri, Chief Executive Officer, Registration Authority of ADGM, said, “Business efficiency is the foundation of our processes at ADGM and the new instant licence renewal facility is an extension of this endeavour. Behind every service that we introduce for our registered entities, we have a dedicated team that is working towards providing the best-in-class services, having understood the business requirements of ADGM registered entities and the wider business community in Abu Dhabi.
The fast and convenient digital renewal will streamline the commercial licence renewal process while facilitating smooth business transactions for our entities. The initiative also complements our efforts to embrace digital and paper-less transactions.”
The online service is available to entities through the Online Registry Solution Platform that enables users to access ADGM services anywhere, at any time.
The Registration Authority is responsible for the registration, incorporation and licensing of legal entities in ADGM and supports with all government-related services. The Registration Authority also provides a range of services to facilitate market entry, growth and the creation of a vibrant and sustainable business community.
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About Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by a UAE Federal Decree as a broad-based financial centre, ADGM augments Abu Dhabi’s position as a global hub for business and finance and serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.
ADGM’s strategy is anchored by Abu Dhabi’s key strengths including private banking, wealth management, asset management and financial innovation. Comprising three independent authorities: ADGM Courts, the Financial Services Regulatory Authority and the Registration Authority, ADGM as IFC governs the Al Maryah Island which is a designated financial free zone. It enables registered financial institutions, companies and entities to operate, innovate and success within an international regulatory framework based on Common Law.
Since its inception, ADGM has been awarded the “Best IFC EMEA 2019” by CFI.co and “Financial Centre of the Year (MENA)” for three consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.
For more details on ADGM, please visit www.adgm.com or follow us on Twitter: @adglobalmarket and Linkedin: ADGM
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