The Business Registration and Licensing (BRL) sector in Dubai Economy has recently launched ‘Instant Licence,’ an initiative that enables businessmen and investors to obtain their commercial licences in one step within five minutes.
It allows companies to obtain a licence without having a company’s lease or location for the first year only. They simply need to present these documents for renewal. The new initiative reduces the time required for business registration procedures and licence issuance by 90 percent.
All business activities can benefit from the initiative, except public and private shareholding companies, through the various outsourcing centers in Dubai, and the Happiness and Smart Lounges 24×7. Subsequently, holders of general trade licences can only use electronic services. Dubai Economy has also identified a range of activities for external regulators that can benefit from the initiative.
All business partners or one of them must be present while applying through the outsourcing centres or the happiness lounges, and must provide a valid passport copy to all parties (partner and manager), a residence visa copy and non-objection letter from the sponsor to the foreign parties.
For general trade licence procedures through the Smart Lounge or the website, applicants must be personally present to create a new account for Dubai Smart ID and to obtain a username with the original ID for accessing Dubai Economy’s website for accessing the Instant License Service.
“The new service is in line with BRL’s vital role in promoting the sustainable economic development and competitiveness of Dubai through targeted initiatives and the application of best practices in areas such as ease of starting business, company registration, smart services, and providing value-added services to licence owners, and thereby creating a world-class business environment,” said Omar Bushahab, CEO, BRL sector.
Bushahab said Dubai Economy focuses on continuously developing the business environment to remain competitive in line with the world-class infrastructure in the emirate. “We are guided by the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, for Dubai to be the preferred place to live, work and visit as well as a smart and sustainable city and a pivotal hub of the global economy by 2021.”
“Launching the ‘Instant Licence’ service is part of Dubai Economy’s mission is to support economic diversification and enhance competitiveness across all levels in Dubai. We have made significant gains in this mission and launched varied initiatives that have enabled sustainable economic development based on high-value-added economic activities.
“The ‘Instant Licence’ initiative reduces human interaction by 90 percent through automating licencing procedures and easy access to a business licence within five minutes. We expect at least 2,000 commercial licenses to be registered in the last half of 2017,” said Bushahab.