Permanent home licences will help small businesses 

The new move is positive for the economy 
By Fareed Rahman, Senior Reporter

 HOME LICENCES 
Abu Dhabi: The announcement by Abu Dhabi to permit permanent home licences without the requirement of having an office or workspace for two years will offer a strong boost to small businesses, an economic expert told Gulf News.

Elaborating on the concept, Mohammad Ali Yasin, chief executive officer at First Abu Dhabi Bank Securities, said that the new measures will give small businesses time to establish a business address within two years, ensuring they continue to operate until then.

“You can register a business and pay a licence fee without incurring other costs like having an office or workspace for two years. It will energise the business and boost small businesses operating from home,” he explained.

He added that new measure comes in the wake of complaints from restaurants and other establishments targeted at people who started doing business from home, like making special food or translating documents without having an office or registering with the municipality.

“It will be positive for the economy,” Ali Yasin said.

In an announcement on Tuesday, His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, launched a number of new initiatives aimed at promoting the ease of doing business in Abu Dhabi, reducing associated costs and implementing the necessary procedures to facilitate commercial and investment activities in all fields.

The new directives include exempting all new licences from the requirement of having an office or a work space in the emirate for two years, permitting permanent home licences, and implementing instant licensing systems in most commercial licence types and all services provided by the government.

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