Smart attestations and the future of entrepreneurship in the UAE
Ministry of Foreign Affairs
The
accelerating surge of business in the UAE has grown conspicuous despite the
challenges the world is facing due to the Covid 19 pandemic. This probably
stems from the UAE government's recent
orientations to further openness to the world, return to normal life and
attract talent and business, within strategic decisions aimed at enabling the
country to elevate its ranking and score for the ease of doing business
indicator, particularly after it ranked first regionally and fourth globally in
the Entrepreneurship Index according to the report issued by the Global
Entrepreneurship Monitor GEM - NECI for the year 2020, in addition to the
indicators of the best and safest
destinations for citizens and for residents on its land.
Such
catalysts, developments and ensuing challenges, along with the UAE's strategy for government services that aims to provide
100% state-of-the-art digital services accessible anywhere and around the clock, prompted the
Ministry of Foreign Affairs and International Cooperation to pursue its efforts
towards establishing a new landscape for attestation services provided to
entrepreneurs and companies, to facilitate their work. The Ministry sought to
upscale the quality of services in line with the requirements of the business
community, in partnership with the Federal Customs Authority and the Ministry
of Finance. This, in turn, would contribute in strengthening the country's the
economy.
In
developing smart attestations, the Ministry of Foreign Affairs and
International Cooperation focused on several axes:
- Reviewing
the current attestation process and the role partners have in it.
- Studying
mechanisms of commercial documents attestation in the UAE and abroad.
- Simulating
target customers' experience to identify potential challenges.
- Assessing
risks in the current mechanism in light of soaring business and trade
activities.
The
Ministry's conclusion highlighted the importance of improving two predominant
factors in the process of commercial documents attestation, namely the time
taken to attest the document and the stages of attestation by competent
authorities. On that account, the necessary timeframe for the customer attest
the document in its country of origin until it is used in the UAE and vice
versa had to be reduced. This was coupled with a reduction in the number of
places the customer must physically visit to clear commercial transactions
related to attestations. Such was achieved by linking the smart attestation
system with the Federal Customs Authority and local customs departments to
facilitate attestation procedures,
thus setting short time as an added value for business performance, which
reflected positively on customer satisfaction, whether companies,
businesspeople or stakeholders.
In
partnership with the Federal Customs Authority, the Smart Attestation System
will receive attestation requests for commercial invoices, certificates of
origin and other commercial documents, that will be uploaded onto a smart
data-reading system to grant attestation approval f through the Federal Customs
Authority represented by all its local customs departments. The system enables
data sharing and access to documents at any time. Once, the approval is
granted, the customer can easily use the document according to its purpose of
issuance. Additionally, the system will also enable the competent authorities
to follow up and evaluate transactions to ensure business continuity and
analyze challenges, thus contributing to the enhancement of services and quality of services
provided to customers.
One
might ask what tangible improvements will arise from the system's activation?
The answer to this question is the improvement will reflect across several
indicators related to the UAE's competitiveness with the highest countries
applying best practices in this field, as follows: the time and cost of document
compliance and limits, and the number of government agencies providing a common
and unified service, coupled with government efficiency and technological
readiness. In other words, the smart system will reduce the time it takes for
the customer to clear customs transactions for imports at customs checkpoints,
as the customer holds a prior system-generated approval on the necessary
commercial documents. Linking several government agencies to a unified system
will also reduce costs related to these procedures, thus reflecting the
state-of-the-art technical structure of the UAE government, and harnessing to
boost the country's economy.
The plan to upgrade the attestation system also
featured an analysis of current attestation fees and raised recommendations
accordingly to stimulate business attraction, create a competitive environment
for stakeholders and companies. This will contribute to an economic upswing by
buttressing subsequent stages the UAE is set to enter, providing investors and
entrepreneurs with the opportunity to establish and fully own their businesses,
conduct their activity and easily access global markets, following the
amendment of the Commercial Companies Law, which entered into effect on June 1,
2021.
Ahead
of its expected launch in 2022, the Smart Attestation System will go through
two phases: the first will link it to the systems of the Federal Customs
Authority and local customs departments in the UAE, and the second will include
linking with local departments and other UAE government agencies. We aspire to
establish a unified customs link with the competent authorities abroad.
The
Ministry of Foreign Affairs and International Cooperation is always keen on
establishing partnerships with government agencies across the country to move forward,
to make UAE government directions a tangible reality for citizens and residents
in the country and overseas. In line with the directives of His Highness Sheikh
Abdullah bin Zayed Al Nahyan - Minister of Foreign Affairs and International
Cooperation, the Ministry continuously seeks to provide outstanding services
that align with the prestigious stature the UAE has achieved and earned
regionally and internationally, thanks to the vision of our wise leadership,
and we are certain that our investment in human minds and smart services will
place the UAE in the lead, in all fields.

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