Ministry of Economy launches National Economic Registry

The Ministry of Economy announced the launch of the National Economic Registry "Nomu", with the aim of providing the largest unified database for establishments and companies across the seven emirates, merging the procedures and requirements for establishing businesses and practicing economic activities in the country through a single national portal. 

His Excellency Abdullah bin Touq Al Marri, Minister of Economy said that the “Nomu” platform provides proactive services and accurate and reliable information to a wide segment of society, including decision-makers, businessmen, investors, entrepreneurs, research and study centers, expertise houses, and the media. Perhaps the most prominent of these services is inquiring about data and information on any commercial license in the country and more than 2,000 economic activities across the seven emirates, viewing investment opportunities available in various economic sectors in the country."

“Today, the National Economic Registry links more than 46 entities in the country, and includes the national identity of the Unified Economic Number (ERN), which is a federal number used to identify establishments and companies in the country. It is also used to link information between federal and local government entities and licensing authorities," he added.

The National Economic Registry will reportedly play a vital role in highlighting the country's new economic model based on innovation and knowledge, and consolidating the UAE's position as a global center for the new economy by the next decade, through the opportunities and capabilities that the project will provide to investors and business owners, and facilitating the procedures for doing business digitally, especially since the registry currently includes 1.5 million active and cancelled commercial licenses.

All licensing authorities are linked to the ministry and all state companies are registered in the economic registry, even those operating in free zones.