November 12, 2019 | 2:39 pm
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Economic package aiming at strengthening the development and progress of Abu Dhabi revealed

In alignment to the recent social and economic initiatives of His Highness Sheikh Mohammed bin Zayed Al Nahyan Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Executive Board of the Emirate of Abu Dhabi, that included an economic package aiming at strengthening the development and progress of Abu Dhabi.

Besides, launching numerous socio-economic initiatives in accordance to the direction set forth by the Executive Committee of Executive Board of the Emirate of Abu Dhabi, Abu Dhabi’s Smart Solutions and Services Authority (ADSSSA), and the Department of Economic Development – Abu Dhabi (ADDED) are taking control of the journey followed by the investors for (issuing economic licenses) in the Emirate via “Tamm” System.

“Tamm” System for issuing economic licenses represents a paradigm transformation at the international level; enabling the issuance of an economic license for investors at the earliest possible moment, from anywhere, without the need to visiting any relevant Government authority.

This initiative comes in alignment with the visions of the Abu Dhabi Government, directed at upgrading the system of the Government activity in a complimentary manner, and enhancing the progress in the areas of the Abu Dhabi Government’s activity to benefit the community and economic services. Also, this step signifies the vision aimed at developing a unified Government platform to promote the client’s experience through creating practical, flexible, rapid, and applicable solutions. This step reinforces the commitment to create services and mechanisms to ensure optimizing creativity & innovation to develop the investment community in the Emirate of Abu Dhabi, bringing the efforts of the Government authorities together, to realize the aligned objectives.

Currently, the Government of Abu Dhabi is working, via “Tamm” System to issue immediate economic licenses, in addition to other services associated with the license without the need to visit relevant Government authorities. It is worth to be noted that via “Tamm” System, investors will have access to the “Tamm” portal and will complete all phases followed in the transaction of economic license’s issue, to obtain the economic license promptly as well as other outputs associated with the license, which are all issued promptly. Via “Tamm” combined portal, investors will obtain issued for 90% of the economic activities at any time and place, without the need to visit government authorities or their websites for obtaining approvals. Moreover, “Tamm” portal will enable investors in the Emirate of Abu Dhabi to complete their government transactions pertaining to economic license’s issue, after leasing the commercial shop, documenting at the real estate office. Hence, the investor’s journey towards issuance of commercial license for the economic activity is only limited to registration in the (Smart Pass) of the ADDED, then select “Tamm” portal which will enable them to use the search engine for trade name booking, and inserting the details of the company & information on partners, issuing the Articles of Association, paying the trade name booking fees, and obtaining initial approval for individuals. Prior to receive the notification on approvals required, and to pay all fees due to obtaining the economic license without the need to visit Government service centers.

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