Dubai, UAE – The Business Registration and Licensing (BRL) Sector of the Department of Economic Development (DED) in Dubai signed a memorandum of understanding (MoU) with axs, TECOM Group’s smart gateway for integrated services founded in 2014, to provide licensing and registration services for TECOM Group’s non-free-zone business partners in Dubai Industrial Park, Dubai Design District (d3), and Barsha Heights.
In line with the government’s directive to enhance ease of doing business in the emirate, the move aims to increase the efficiency of company licensing and registration processes, and enable all TECOM organisations to complete the full spectrum of transactions under one roof without the involvement of any external service centres. Until now, TECOM’s non-free-zone business partners – unlike their free zone counterparts – were required to liaise with DED for their licensing and registration needs through multiple formal steps and procedures.
Omar Bushahab, CEO of the BRL Sector at DED, inked the agreement with Dr Ayoub Kazim, Managing Director of axs.
As per the MoU, effective 1 July, axs has access to DED’s business licensing and registration systems, and can issue, renew and cancel commercial licenses for its over 4,000 non-free-zone business partners. The agreement also mandates that 70 per cent of jobs newly created by axs should be held by UAE nationals.
Speaking on the MoU, Omar Bushahab said: "We are keen to upgrade our services to support sustainable economic development and facilitate business activity. Through our partnership with axs, we seek to streamline licensing procedures and commercial operations across the free zones in Dubai. Since axs is managed by Dubai Holding's TECOM Group, our partnership will further empower its free zone entities and improve the productivity as well as the overall economic performance of the emirate."
For his part, Dr Kazim said: “Digitalisation of services plays a key role in the country's strategy to increase its competitiveness. Under the terms of the MoU, axs now offers all the electronic services previously provided only by DED to enhance the experience of TECOM's over 4,000 business partners.”
The UAE has placed 17thworldwide in the IMD World Digital Competitiveness Ranking 2018, published by the World Competitiveness Center of the International Institute for Management Development (IMD). Notably, the country ranks first in terms of business flexibility and regulatory frameworks.
Serving entities across TECOM Group’s 13 business parks, axs provides institutional services – such as licensing and registration of companies and office space leasing – as well as government services including postal and customs services, and health insurance.
Since the inception of axs, its efficient and convenient offering has earned the platform several accolades, including wins in the Government Services and Contact Centre categories at the Gulf Customer Experience Awards 2018, as well as the Government Services category at the 2017 International Business Excellence Awards.
-Ends-
About axs
axs (www.axs.ae) is a smart integrated business service platform, launched by TECOM Group in collaboration with Dubai Creative Clusters Authority, providing over 200 government and corporate services to partners across TECOM Business Parks (TBP). Its interactive online portal and smart service centre enhance the ease of doing business for over 5,400 members of TECOM Group’s 13 business communities. axs introduced its unique 24-hour digital platform to manage services in a seamless and efficient manner, offering partners a smart user experience.
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.