The Dubai Commercial Registration & Licensing Sector issued 4,692 licenses immediately, from the launch of the initiative in July 2017 to today.
And the Dubai Economy confirmed in a report yesterday that the process of issuing the "immediate license" takes only five minutes, without the need for a company establishment contract and an existing site, for the first year only.
She explained that the immediate licenses, which were issued during this period, were distributed according to the activity, in the forefront of which were the commercial activities that registered 3448 licenses with a rate of 73.5%, then the professional activities that registered 1244 licenses.
The Dubai Economic Report indicated that the number of those who have an immediate license, covering more than 1,400 economic activities, since the launch until today, reaches 16 thousand and 935 investors, of whom the percentage of businessmen constitutes about 87.6% (14 thousand and 842 licenses), while Women business owners make up 12.4%, at 2,093 licenses.
From the launch of the initiative to today, the nationalities of those who obtained the immediate license varied to include businessmen from India, Pakistan, Egypt, Saudi Arabia, Sudan, Jordan, China, Britain and Turkey.
The report pointed out that the "instant license" service provides a typical solution suitable for international investors, who can now obtain a commercial license in the shortest possible time, enabling them to establish and conduct business in Dubai easily, pointing out that the "instant license" won, finally, a banner. Hamdan Bin Mohammed Smart Government Program 2019
The report emphasized that Dubai Economic seeks through the "immediate license" to enable companies to take full advantage of Dubai's competitive advantages and stimulate the business environment, as it is the government agency entrusted with regulating economic activity in the Emirate of Dubai, which is concerned with supporting the process of economic diversification and sustainable and competitive growth in the emirate Being focused on facilitating doing business, which contributes to anticipating and building a better future in which Dubai is the first in the world, in attracting strategic economic sectors, and providing high-quality services in accordance with the highest international standards.
The "instant license" provides the option to issue an electronic incorporation contract, obtain the license and the commercial register of the company, and membership of the "Dubai Chamber" through the same procedure immediately. The license also enables to obtain the card of the General Administration of Residency and Foreigners Affairs facility immediately, in addition to the card of the Ministry of Human Resources and Resettlement facility, where the customer receives a text message, after issuing the license by agreeing to three employee permits.
And the Dubai Economy pointed out that, in line with the accreditation of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, the Emirate of Dubai Emiratization Plan of Action, to raise the ratios of Emiratization in all sectors, a feature has been added to register employees (citizens) in the Ministry of Resources Humanity and Emiratisation, when issuing the immediate license, and in the event that the company’s parties desire to appoint employees before issuing the instant license, follow certain steps, but in the event that the parties do not want to hire employees, the screen can be overrun and the procedures completed.
Dubai Economy explained that the owners of projects through the "immediate license" can obtain a general commercial license via the Internet, and the general trade activity includes all trade activities that do not need external approvals, while the legal forms of the immediate license include four types: a company with limited liability, A one-person company, an individual institution, and a civil business company.
16.9 thousand investors the number who have an immediate license since its launch.