Abu Dhabi Department of Economic Development (ADDED) has signed an agreement with First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai (CBD) and Abu Dhabi Islamic Bank (ADIB) to provide an “easy payment plan” service, allowing holders of credit cards issued by these banks to pay the costs of the services provided by ADDED according to installments ranging from 3 to 12 months.
This service was introduced to support business owners and ensure the ease of doing business in the emirate.
According to the Abu Dhabi Media Office, ADDED’s recent initiatives include reducing requirements to set up a business by 71.3%, with license issuance and renewal fees reduced by more than 94% as part of of the “Investor Journey” program, which aims to improve the ease of doing business and enhance Abu Dhabi’s status as a preferred global destination for business and investment.
Ibrahim Al Mosa, Executive Director of Business Support Services Sector at ADDED, said: “We are committed to providing the best conditions for our customers and the business community in Abu Dhabi. We have signed these agreements with major banks in the UAE and will expand the base of banks providing this service.”
“Cash management is very important for businesses and the easy payment plans provide a good opportunity for business owners, especially micro and small businesses, to pay fees and charges for commercial and industrial licenses and other ADDED services in installments,” Al Mosa said.
The Easy Payment Plan allows ADDED customers to pay commercial and industrial license issuance and renewal fees and other services by credit cards at ADDED Centers or digital channels and then split them into installments ranging from 3 to 12 months with a minimum value of 1,000 Dhs for services provided.