UAE - Mubasher: The Abu Dhabi Global Market (ADGM) Registration Authority announced the launch of an instant licence renewal service for entities registered at ADGM.
In a step to boost business efficiency, the new service will enable entities to renew licences through the ‘Online Registry Solution’ immediately once the renewal form is submitted, according to a press release.
The service will also allow registered entities to lodge other annual filing requirements as per the ADGM Companies Regulations 2015.
Moreover, the online renewal will help ease business continuity and bolster ADGM establishments in their operations.
Dhaher bin Dhaher Al Mheiri, CEO of ADGM Registration Authority, said, “Business efficiency is the foundation of our processes at ADGM and the new instant licence renewal facility is an extension of this endeavour.”
“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,” Al Mheiri added.
This comes as part of the ADGM Registration Authority’s efforts in introducing initiatives that strengthen the ADGM’s position as a destination of choice for companies and investors.
