Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Economy ministry and ADDED ink agreement  Join our daily free Newsletter

MENAFN - Khaleej Times - 05/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) The Ministry of the Economy and the Abu Dhabi Department of Economic Development, or Added, represented by Abu Dhabi Business Centre, signed an agreement aimed at publishing limited liability, general and limited partnership companies documents' and collecting fees by the Business Centre on behalf of the Ministry.

The agreement stated the charges the Ministry of Economy in accordance with the decision of the Council of Ministers, prescribe for publishing official documents of limited liability companies, at Dh3,000. Fees for publishing documents of partnership or limited partnership companies were set at Dh2,000, while the fee for publishing any amendment for the above mentioned companies was set at Dh1,000. The fee for the publishing documents concerning the opening of a new branch, is Dh1,000.

The agreement was signed at Abu Dhabi Economic Media Club, by Humaid Ali bin Butti Al Muhairi, Assistant Undersecretary of the Ministry of Economy for Commercial Affairs, and Mohammed Rashid Al Rumaithi, executive director of Abu Dhabi Centre, in the presence of a number of officials from both sides.

"The signing of this agreement comes within the cooperation between the Ministry of Economy and the Department of Economic Development to boost investment in UAE, raise the country's standing in ease of doing business and enhance the business environment," said Al Muhairi.

He stressed the keenness of the Ministry of Economy to activate the role of the Business Centre as a "one-stop-shop" for all commercial licensing transactions in Abu Dhabi, and enhance the competitiveness of the Emirate of Abu Dhabi at the regional and international levels.

Al Rumaithi praised the role of the Ministry of Economy and its efforts to support the Business Centre in achieving its objectives to enhance the investment environment in the Emirate of Abu Dhabi, in order to realise the strategic goal of turning the emirate into an attractive investment hub among the top international ranks in the field of business competitiveness. The agreement enables the Business Centre to receive publishing applications for opening branches of (limited liability, partnership and limited partnership companies); and to collect fees on behalf of the Ministry of the Economy. This is done within the joint cooperation between the two sides in all areas of common interest and to exchange knowledge and expertise within their respective competencies.

Al Rumaithi said that centre is set to play a leading and strategic role in the paradigm shift and development of the business environment in the Emirate. The Business Centre will exceed its responsibilities as a trade licensing entity, to turn into a body vested with the greater role of developing the business environment, boosting the business sector and activating the private sector, to achieve the objectives of the Abu Dhabi Economic Vision 2030.

Under the agreement, the centre will receive applications for publishing announcements concerning the opening of branches of limited liability, partnership and limited partnership companies and related modifications. It will also collect fees on behalf of and in accordance with instructions of the Ministry of economy. The centre enables the Ministry through its Axela system Economy to access five accounts for completing commercial licensing transactions, accessing data and information regarding companies' licensee and capital.

The agreement also allows the Business Centre to collect fees, publish and amend documents for opening of branches of limited liability, partnership and limited partnership companies in the Emirate of Abu Dhabi, and to transfer income arising from collection between accounts, in accordance with the instructions of the Ministry of Finance.

 


Khaleej Times




  MENA News Headlines
 Sep 1 2015 - Saudi- Short circuit caused Aramco fire 3 Canadians among deadArab News
(MENAFN - Arab News) ALKHOBAR: A short circuit involving a transformer in the basement of the residential complex of Saudi Aramco resulted in the fire on Sunday according to a preliminary probe. The ...

 Sep 1 2015 - Saudi- Why top women won't contest civic electionsArab News
(MENAFN - Arab News) JEDDAH: A number of prominent Saudi women have cited several reasons for not running as candidates in the upcoming municipal elections. Some of them are an alleged lack of ...

 Sep 1 2015 - Car Bomb Hits Libya's TripoliQatar News Agency
(MENAFN - Qatar News Agency) A car bomb exploded in the Thahra area of central Libyan capital Tripoli on Monday.One person was injured in the blast and a number of cars parked nearby were damaged. ...

 Sep 1 2015 - The Syrian conundrumArab News
(MENAFN - Arab News) This is with reference to the article 'Ousting Assad must to defeat Daesh' (Aug. 31) by Hassan Barari. Saudi Arabia has been calling for the removal of Bashar Assad since the ...

 Sep 1 2015 - Israeli Naval Forces Fire on Gaza FishermenQatar News Agency
(MENAFN - Qatar News Agency) Israeli naval forces opened fire on Palestinian fishing boat off the coast of Gaza City on Tuesday morning. The fishermen came under fire as they were sailing off the ...

 Sep 1 2015 - Saudi- Power politicsArab News
(MENAFN - Arab News) I read with interest the article 'Justice done to death' (Aug. 31) by Neil Berry. I have started to believe that laws are meant only to rein in the masses worldwide. People like ...

 Sep 1 2015 - Qatar- QTA Awarded Best Arab Government Tourism AuthorityQatar News Agency
(MENAFN - Qatar News Agency) Qatar Tourism Authority (QTA) Monday announced receiving the award of "Best Arab tourist governmental body" for 2015, and granted by the Arab Center for Media tourism, ...

 Sep 1 2015 - Tortured alive or poisoned to death: The suffering of stray dogs in EgyptDaily News Egypt
(MENAFN - Daily News Egypt) They were born believing the streets are their home. No matter how unsafe home is, they don't have anywhere else to go to, it's where they belong. Even if that means ...

 Sep 1 2015 - Egypt- The witches and wizards of the Patient Support Team: A new approach for charity eventsDaily News Egypt
(MENAFN - Daily News Egypt) If you are a Harry Potter fan living in Egypt, you will almost certainly have heard about the Harry Potter Experience organised by the Patient Support Team (PST). Last ...

 Sep 1 2015 - The industrialisation of reconciliation: Iran, Saudi Arabia and ISDaily News Egypt
(MENAFN - Daily News Egypt) came across a curious news item the other day on Reuters about an industrial development project in Saudi Arabia, and it rang a few bells. The plan is to build a "new ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help