4,692 Instant Licences issued

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

Among the Instant Licenses issued, 3,448 were Commercial, 73.5 per cent, and 1,244 in the Professional, 26.5 per cent, category.

The Instant Licenses service provides a convenient model for businessmen who can now obtain a commercial license within five minutes, enabling them to establish and conduct business in Dubai easily. The initiative is a path-breaking service whereby businesses can secure their commercial license in one-step for the first year without having a company’s lease or location.

Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, handed over the ‘Flag’ of the Hamdan Bin Mohammed Programme for Smart Government 2019 to Dubai Economy recently for winning the Best Government Initiative award for the Instant Licenses initiative during a ceremony organised by Dubai The Model Centre, DTMC, a subsidiary of the General Secretariat of the Executive Council of Dubai.

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 licenses 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 and must provide a valid passport copy of all parties (partner and manager), residence visa copy and no-objection letter from the sponsor to the foreign parties.

Dubai Economy focuses on developing business environment to remain competitive in line with the world-class infrastructure in the emirate, guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

WAM