SHARJAH, The Ministry of Economy and the Sharjah Economic Development Department, SEDD, have signed an agreement mandating the Sharjah department to represent the federal ministry to process applications for setting up branches for partnership businesses, limited liability companies and simple commandite companies and collect relevant fees.

The agreement, which seeks to promote co-operation and sharing experiences and knowledge, was signed by Chairman of the SEDD Sultan Abdullah Al Suwaidi and Undersecretary for Economic Affairs at the Ministry of Economy Mohammed Ahmed Al Shehhi.

It also seeks to promote institutional competitiveness, contribute towards sustainable development in line with the federal government strategy, as well as increase Sharjah's attractiveness for businesses, Al Shehhi said.

The signing of the agreement would boost market confidence as a common goal as the two parties seek to enhance ease of doing business in Sharjah and the wider UAE, Al Suwaidi said.

Source: Emirates News Agency