Abu Dhabi Global Market (ADGM), the emirate’s financial hub, has launched an instant licence renewal service in an effort to improve business efficiency and the ease of doing business.

ADGM’s Registration Authority said the new service will facilitate business continuity and support ADGM establishments in their operations.

The initiative is launched as part of ADGM Registration Authority’s continuous efforts to introduce initiatives that reinforce ADGM’s position as a destination of choice for companies and investors.

Dhaher bin Dhaher Al Mheiri, CEO of Registration Authority of ADGM, said: “Business efficiency is the foundation of our processes at ADGM and the new instant licence renewal facility is an extension of this endeavour.

“Behind every service that we introduce for our registered entities, we have a dedicated team that is working towards providing the best-in-class services, having understood the business requirements of ADGM registered entities and the wider business community in Abu Dhabi.”

He added that the service will streamline the commercial licence renewal process while facilitating smooth business transactions for entities. “The initiative also complements our efforts to embrace digital and paperless transactions,” Al Mheiri said.