Agreement signed to facilitate all investors and entrepreneurs

Business Bureau, Gulf Today

In order to facilitate the conduct of business and creates an attractive and encouraging investment environment in terms of business growth and success in the state, and attracting investors and entrepreneurs, the Federal Authority for Identity and Citizenship and Abu Dhabi Global Market Registration Authority (ADGMRA) signed a cooperation agreement to create a partnership between the two entities, which aimed at coordinating the efforts to issue Golden Residency Permits.

Brigadier Saeed Salem Belhas Al Shamsi, Executive Director of Residency and Foreigners Affairs in Abu Dhabi, and Dhaher Bin Dhaher Al Mheiri, CEO of the Registration Authority at Abu Dhabi Global Market signed the partnership agreement.

By virtue of such agreement, the ADGM Registration Authority will provide the necessary support for ICA in the implementation of transactions of issuing Golden Residency Permits for foreigners through the e-window of ADGM. The Golden Residency include all the investors and entrepreneurs and the people with specialised talents and researchers in the different fields of science and knowledge, the outstanding students with promising academic capabilities. Coordination will be arranged with ICA to evaluate the applications in accordance with the terms and conditions set out in the Cabinet Resolution No. “56” for the year 2018.

It should be noted that the Registration Authority will carry out the transactions of issuing Golden Residency Permits exclusively all over the Emirate of Abu Dhabi. The two entities will work to achieve the highest level of cooperation in the field of linking their systems electronically in a manner that guarantees the provision of the best level of services.

Brigadier Saeed Salem Belhas Al Shamsi praised the agreement signed between the two entities and stated that ICA seeks, under the guidance of the Chairman of the Board of Directors, to sign similar agreements with all government and private bodies and institutes to facilitate its work, the matter which promotes the sustainable growth and investment and provides an incubator environment for the efficient and talented persons who are the pillar of the future, and that the procedures, laws and legislations issued by the Cabinet regarding residency permits go along with the direction of raising the position of the UAE, the country of happiness, tolerance and humanity in all international forums as the country of security, safety, development, growth and prosperity and as an investment destination that embraces all cultures.

Commenting on the signing of the agreement, Dhaher Bin Dhaher Al Mheiri, CEO ADGM Registration Authority, said: “We are proud to sign this strategic agreement with the Federal Authority for Identity and Citizenship, which comes as part of our continuous efforts to enhance the position of Abu Dhabi and the State as a global investment destination that provides a business environment flexible and smooth for individuals and companies, and ensures the highest level of business effectiveness.

In the Abu Dhabi Global Market, we are always keen on enhancing cooperation and partnerships with all local and federal authorities in line with the vision of the Abu Dhabi government to achieve a higher level of efficiency in integrating government services, where issuing Golden Residency Permits will support the development process and build a sustainable economy based on knowledge and sustainability, which includes people with exceptional and creative talent from all over the world.”

The Registration Authority is responsible for the registration, incorporation and licensing of legal entities in ADGM and supports with all government-related services. Providing a range of activities to facilitate market entry, growth and the emergence of a vibrant and sustainable business community, the Authority guides and supports companies through the application and set-up of ADGM-registered entities.

As one of the core pillars of ADGM, the Registrar’s main functions under companies and commercial licensing regulations include registration of ADGM establishments; registration of business names and maintenance of register; registration of post-incorporation documentation; registration of changes in business name particulars; registration of changes in directors, officers, shareholders and share capital; enforcement of ADGM companies regulations, cancellation of commercial licences, prosecution and strike off; and dissolution or restoration of ADGM establishments.

Dhaher Bin Dhaher Al Mheiri says, “Our fully digitised platform, with its robust and supportive on-boarding service ensures a hassle-free transition for companies and their employees who want to set up in ADGM. This is also part of our ongoing commitment to deliver a valuable client experience for ADGM clients and partners as an International Financial Centre.”