Uniform Commercial Register (UCR) across UAE

The UAE ministry of economy has signed a memorandum of understanding (MoU) with concerned government agencies for the implementation of the Uniform Commercial Register (UCR) project across the country.

The MoU is a crucial first step in fully realising the programme at the national level after a projects management team from the ministry visited the different emirates to explain the advantages of the programme.

Among the government departments visited by the ministry's representatives were the Planning and Economic Department in Abu Dhabi, the Economic Departments in Dubai and Sharjah, Ajman Municipality, Ajman Chamber of Trade and Industry, Economic Development Department of Um Al-Qaiwain, Ras Al-Khaimah Economic Department, and the municipalities of Al Fujairah and Deba Al Fujairah.

"We expect to sign the contract next month with the concerned agencies in the different emirates for the execution of this project. This is part of the efforts of the ministry to standardise business activities across all sectors in the country,” said assistant under-secretary for corporate and supervision affairs Hamid bin Butti Al Mahiri.

Al Mahiri also praised the cooperation and support extended by the heads of the various government agencies in finalising the MoU for the project.
“The Uniform Commercial Register project is the first of its kind in the UAE in terms of the methods and mechanisms in technical implementation (as an inter-government project), where the Ministry will be linking the electronic systems of the economic departments, the chambers of commerce and local municipalities in each emirate with a central system managed by the ministry of economy,” said project department manager, ministry of economy, Muhammad Nasir Al Bluchi. Source