The Department of Economic Development - Ajman (DED-Ajman) has announced the launch of an innovative new service that allows investors to automatically renew their trade licenses via SMS.

The move demonstrates the department's continuing commitment towards providing investors and businesses with an easier and smoother processing of documents, which in turn, will play a key role in the efforts towards achieving total sustainable development for the emirate, said a statement.

The new SMS service is part of the amendments being made for the new licensing system and also complies with DED-Ajman's standards and guidelines on facilitating business transactions and increasing economic and investment activity in Ajman, it said.

Ali Eissa Al Nuaimi, director general, DED-Ajman, revealed that the launch of the ‘Automatic Renewal of Trade License’ service was developed based on the classification of the degree of risk for economic activities and also represents an exceptional achievement for the department, adding to its track record in creating easy-to-follow procedures for license renewal.

The launch of the service also complements the continuing move to position the emirate as an ideal investment haven.

Al Nuaimi said: “The new service paves the way for streamlining and improving transactions for processing the renewal of licenses - saving great time and effort for the investor.”

“This step is an essential boost to Ajman's drive towards leadership, competitiveness and attract more investment to the emirate in support of economic diversification,” he added.

Yaqoub Yousif Rasheed, director of IT Department, DED-Ajman, said: “As part of our commitment to provide the best digital services to our customers and meet their expectations, we have developed the Automatic Renewal of Trade License.”

“With this new service, investors will be sent an SMS that includes an electronic link to pay the renewal fees and once this is done, the renewed license will be sent thereafter via email,” he said.

“The new service is part of the new version of the licensing system and in line with the plan to develop the economic license system,” he added.

Saud Al Shammari, director of registration department of economic and licenses, DED-Ajman, said: “The new service is part of our efforts to develop the economic licensing mechanism--improving the quality of services, streamline business and create an attractive investment environment for Ajman.”

“The new service is one of the features of the new version of the licensing system, which is aimed at increasing the efficiency of transactions and processes,” he said.

“This will play a pivotal role in enhancing the competitive advantages of Ajman and making it one of the most attractive destinations for foreign and domestic direct investments. The new system is expected to achieve 70 transactions per day,” he added. – TradeArabia News Service