Abu Dhabi Department of Economic Development announced lately launching the Abu Dhabi Registration and Licensing Authority "ADRA" which shall be tasked with improving and overseeing the business sector throughout the Emirate of Abu Dhabi "Emirate".
The ADRA was established under a resolution issued by the Abu
Dhabi Executive Council, to ensure the economic establishments'
strict compliance with local laws and regulations. The ADRA will
have a particular focus on anti-money laundering, combating the
financing of illegal activities, and tackling illicit
organizations.
Furthermore, ADRA will oversee business registrations throughout
the Emirate and its non-financial economic free zones. Further,
ADRA will cooperate with relevant authorities to simplify and
enhance licensing processes, and will develop a unified database
consolidating data on economic establishments across both the
Emirate's mainland and its non-financial free zones in order to
facilitate the procedures for managing the commercial register,
simplify the system of granting licenses to economic
establishments, oversee regulatory affairs, and ensure that
economic establishments do comply with applicable laws and
regulations.
It is worth mentioning that ADRA will be coming up with new
licensing options to attract talent, investors, and entrepreneurs,
allowing them to capitalize on the Emirate's dynamic and
resilient economy.
The launching of ADRA marks a significant milestone in Abu Dhabi's impressive economic journey, supporting the Emirate's vision to drive growth and diversification by providing efficient procedures, proficient guidance, and access to a vibrant business system.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
