The UAE has officially launched its National Economic Registry, listing an impressive 1.5 million commercial licenses. This bold step enhances transparency and ease of access to business information, making it easier for local and international investors to verify business credentials across various sectors.
This major initiative by the UAE government is part of its ongoing efforts to streamline business processes and attract more investments into the region.
The UAE National Economic Registry consolidates data from economic departments across the seven emirates, offering a unified platform for information on commercial licenses in the UAE.
This move aligns with previous efforts by the UAE to bolster its reputation as a global business hub. In 2020, the UAE government launched the UAE Unified License System, which streamlined the business registration process and reduced paperwork for entrepreneurs.
Business registration in the UAE has seen continuous reform, including the implementation of the Golden Visa program, which encouraged foreign investment by offering long-term residency to investors and entrepreneurs.
If you’re considering starting a business in the UAE, now is the perfect time. With the launch of the UAE National Economic Registry, accessing detailed information on commercial licenses in the UAE is easier than ever. This streamlined process will not only save time but also help in making informed decisions. Explore the registry to understand your competition and the market better.
