Dubai’s Department of Economy and Tourism issued 32,564 Instant Licences to businesses
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Dubai’s Department of Economy and Tourism issued 32,564 Instant Licences to businesses

Dubai’s Department of Economy and Tourism issued 32,564 Instant Licences to businesses

The Instant Licences initiative was launched in Dubai in August 2017 to streamline the process for entrepreneurs to set up their businesses

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Since the launch of the Instant Licences initiative in August 2017 in Dubai, 32,564 of these licences were issued to businesses.

The figures were shared by the Business Registration and Licensing (BRL) sector at Dubai’s Department of Economy and Tourism (DET) this week.

Out of the total Instant Licences issued, 59 per cent were professional and 41 per cent were commercial licences.

According to the report, Bur Dubai accounted for the largest share with 27,200 licences followed by Deira (5,363), and Hatta (1 licence), while the top sub-regions since the launch of the initiative were: Al Fahidi, Burj Khalifa, Al Marrar, Port Saeed, Trade Centre 1, Dubai Investments Park 1, Al Karama, Al Mankhool, and Al Garhoud.

An Instant Licence can be obtained in four different legal forms – limited liability company, one person LLC, sole proprietorship and civil company.

Among the legal forms of the Instant Licences issued since the launch of the initiative, civil companies topped the list with 36 per cent, followed by limited liability companies with 27 per cent, sole establishment with 23 per cent, and one-person limited liability companies with 14 per cent, according to Dubai Media Office.

The licensee is also given membership in 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.

The registration of “Native” workers in the Ministry of Human Resources and Emiratisation has been added while issuing the Instant Licence under the framework of implementing Emiratisation and encourage the private sector to attract Emirati talent.

The Instant Licence service enables business owners to secure their licences in one step within five minutes through invest.dubai.ae platform.

It allows entrepreneurs to avail of electronic Memorandum of Association (MoA), and a virtual site for the first year only.

It automates the licensing procedures and guarantees that entrepreneurs can start their business immediately after the licence is secured, and then complete the remaining requirements of the commercial licence, such as approvals from other relevant government entities.

Read: Dubai reduces instant licence fee by over 90 per cent to Dhs250

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