Rise in Demand on Instant Licences in Dubai
- Publish date: Thursday، 19 May 2022
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The Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET) in Dubai reported that 32,564 Instant Licences were issued since the launch of the initiative in August 2017. Out of the total, 59% were Professional and 41% were Commercial licences.
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The Instant Licence service enables business owners to secure their licences i through invest.dubai.ae platform. Entrepreneurs can establish and conduct business in Dubai easily with the option to issue an electronic Memorandum of Association (MoA), and a virtual site for the first year only.
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An Instant Licence can be obtained in four different legal forms - Limited Liability Company, One Person L.L.C, Sole Proprietorship and Civil Company. Among the legal forms of the Instant Licences issued since the launch of the initiative in August 2017 to date, Civil Companies topped the list with 36%, followed by Limited Liability companies with 27%, Sole Establishment with 23%, and One-Person Limited Liability Companies with 14%.
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.
Investors can obtain any trade licence or launch a business in a matter of minutes through ‘Invest in Dubai,’ the first integrated digital business set-up platform, which simplifies the business journey.