Dubai Economy issues 4,692 instant licences

Initiative reflects Dubai’s sustainable development and competitiveness

The Business Registration and Licensing (BRL) sector in Dubai Economy has reported that 4,692 instant licences were issued since the launch of the service in July 2017 to date.

Among the instant licences issued, 3,448 (73.5 per cent) were commercial and 1,244 (26.5 per cent) in the professional category.

The instant licence initiative is a path-breaking service from the government whereby businesses can secure their commercial licence in one-step for the first year without having a company’s lease or location.

Benefits

All business activities can benefit from the service, except public and private shareholding companies, through eServices (ded.ae/instant), the various outsourced service centres in Dubai, or the Happiness and Smart Lounges. Holders of general trade licences can only use electronic services. All business partners or one of them must be present while applying through the outsourced service centres or the Happiness Lounge.

The instant licence offers the option of an electronic Memorandum of Association (eMOA), in addition to obtaining the licence and entry in the Dubai Economy commercial registry.

The licensee is also given membership in the Dubai Chamber instantly, an establishment card of the General Directorate of Residency & Foreigners Affairs as well as three work permits for employees from the Ministry of Human Resources & Emiratisation once the trade licence is issued.

‘Native’ workers

The registration of ‘Native’ workers in the Ministry of Human Resources & Emiratisation is done while issuing the instant licence. If the partners wish to appoint the employees before the issuance of the instant licence, they need to follow a few simple steps or else skip the screen and complete the procedures.

The number of instant licence owners has reached 16,935 and 87.6 per cent (14,842) of them are men while women account for 12.4 per cent (2,093).

The businessmen who secured the Instant licences so far include those from Britain, Turkey, Saudi Arabia, India, China, Pakistan, Egypt, Jordan, and Sudan.

An instant licence can be obtained for four legal forms of businesses — Limited Liability Company (LLC), Single Member LLC, Sole Proprietorship and Civil Company.