Dubai unifies all channels for business set-up

NEW LAW TO ENHANCE INTEGRATION AMONG LICENSING DEPARTMENTS

By offering a streamlined channel for accessing information, obtaining licenses, and availing other services related to economic activities, the platform seeks to enhance the ease and convenience of investors.

In a landmark move to enhance the business environment, economic growth, and investor experience in Dubai, a new decree was issued yesterday to create a Unified Digital Platform for establishing companies in the emirate.

In his capacity as the Ruler of Dubai, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, issued the new decree on a platform to integrate various licensing processes in Dubai, including those managed by the Department of Economy and Tourism, the Authorities of special development zones and freezones, including the Dubai International Financial Centre (DIFC), and other relevant entities.

Improving investor experience

The integration is aimed at significantly improving the investor experience in Dubai. By offering a streamlined channel for accessing information, obtaining licenses, and availing other services related to economic activities, the platform seeks to enhance the ease and convenience of investors.

The decree, which applies to all economic activities in Dubai, also aims to regulate the issuance of licences, permits and approvals in the emirate to enhance clarity and simplicity. It also seeks to help investors overcome obstacles in setting up or operating businesses in Dubai.

The decree seeks to enhance electronic integration between licensing departments and other key entities to avoid duplication of procedures, and support Dubai’s digital transformation in line with the objectives of the Dubai Economic Agenda D33 to establish the city as a digital economy hub.