MoFAIC launches new system to streamline attestation services in corporate and commercial sectors – News

Wam picture file

The first phase is being rolled out in partnership with the Ministry of Finance, Ministry of Industry and Advanced Technology (MoIAT), Central Bank of the United Arab Emirates (CBUAE), Federal Customs Authority and local customs departments.



By Wam

Published: Wed, May 18, 2022, 9:48 PM

Last update: Wed, May 18, 2022, 9:51 PM

As part of its efforts to implement one of the most important ministerial resolutions on attestations, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) has launched a new integrated system, in collaboration with several government entities in the United Arab Emirates, to improve the customer experience and make it easier to do business.

These upgrades are part of a framework of reforms that include digitalization and aim to advance the achievement of UAE Government goals.

The new system, which includes the digitization of all services, will help improve the ease of doing business. Under the first phase, MoFAIC is working on revamping the attestation services provided to clients, especially entrepreneurs and businesses, to streamline procedures and improve service quality, to meet their business needs.

The first phase is being rolled out in partnership with the Ministry of Finance, Ministry of Industry and Advanced Technology (MoIAT), Central Bank of the United Arab Emirates (CBUAE), Federal Customs Authority and local customs departments.

Based on its desire to strengthen government integration and cooperation with other UAE government entities to improve government performance and service quality, MoFAIC is making great efforts in engaging clients to optimize their experience and ensure the provision of a seamless online certification experience.

In line with its efforts to enhance cooperation among government entities, the Ministry of Foreign Affairs and International Cooperation has signed a Memorandum of Understanding with MoIAT, under which MoFAIC will review, through the MoIAT Electronic Services Platform , certifications and related fees to be paid. by industrial investors to streamline attestation services. The MoU serves to optimize the services of MoFAIC to better showcase the conducive investment environment in the UAE.

The new system will also help regulate and streamline certain trade-related banking procedures through collaboration between MoFAIC and UAE banks, as part of an agreement with CBUAE to improve the quality of these services and to implement the relevant decisions.

The next phase will see greater usability of online attestation services, with improved ease of access and service delivery times, which in turn will help boost the economy of UAE and its appeal as an ideal advanced digital hub for businesses, entrepreneurs and investors. . — wham

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