ADGM Launches Incentive Program for Al Reem Island Businesses

Abu Dhabi, 27 March, 2024 :  Abu Dhabi Global Market (ADGM) introduces a new incentive initiative tailored for established non-financial and retail businesses located on Al Reem Island. This initiative aims to facilitate their transition from the Abu Dhabi Department of Economic Development (ADDED) to ADGM.

Under this initiative, qualifying Al Reem Island businesses will be exempt from ADGM commercial license fees until October 31, 2024. The objective is to alleviate financial burdens during the transition, enabling businesses to operate smoothly within ADGM's jurisdiction.

Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority, highlights the initiative's role in mitigating potential disruptions and ensuring swift operations within ADGM.

ADGM encourages eligible businesses to seize this opportunity, emphasizing its commitment to nurturing a supportive business environment and contributing to Abu Dhabi's sustainable economic growth.

Through such incentives, ADGM reaffirms its position as a catalyst for business success and innovation in the region.

Source : www.wam.ae