Abu Dhabi: New agreement signed for work permits and license transfers of Al Reem companies – News

The transfer of work permits and licenses from companies based on Al Reem Island to the Abu Dhabi Global Market (ADGM) has been simplified to create an attractive and supportive work environment for the capital’s business sector.

The Ministry of Human Resources and Emiratization (Mohre) and ADGM on Friday signed a memorandum of understanding that will “improve the ease of doing business, boost the efficiency, attractiveness and competitiveness of the UAE labor market and enable the provision of services that ensure maximum ease and efficiency,” said Mohre Undersecretary Khalil Al Khoori.

Companies that obtain an ADGM license will enjoy the advantages that the market offers, including the direct application of English Commons law, along with tax benefits and progressive regulations.

Hamad Sayah Al Mazrouei, CEO of the ADGM Registration Authority, said: “Our close collaboration sets an example for us to follow by establishing integration between ADGM and various government entities, as a means of creating an attractive and supportive work environment. for the business sector in the Emirate of Abu Dhabi.”

“The MoU is part of our continued efforts to ensure a smooth transition of companies operating on Al Reem Island to ADGM, where they can benefit from the added value that the market provides with its comprehensive and advanced ecosystem,” he added.

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