It takes no more than five minutes to get an instant license. It takes no more time, with only one payment authorization containing initial approval fees, trade name booking and license issuance fees.
The online license provides investors with the option of an electronic incorporation contract. It also covers all legal forms of companies except public and private shareholding companies.
Obtaining an immediate license also enables investors to obtain an immediate establishment card from the Ministry of Human Resources and Emiratisation.
The immediate license includes reducing the operating cost of the investor without a site for the first year. The issuance of the online license does not require any documents.
The immediate license enables investors to become members of the Dubai Chamber and benefit from the benefits and services provided by the Chamber to its members.
The immediate license includes new activities, in addition to general trade activity, which includes industrial activities, and all other activities that do not require external approval.
It does not require any external requirements or approvals, as it covers all activities of the Department, but for the general trade activity requires the use of electronic services, and the selection of a limited liability company as a legal form.
Obtaining an immediate license also enables investors to obtain an immediate establishment card from the General Directorate of Residency and Foreigners Affairs in Dubai.
The immediate license encompasses individual institutions and other legal forms such as limited liability companies and one-person companies, and is allowed for both citizens and residents. The investor must attach the Memorandum of Association upon renewal.
Dubai Economy has identified 10 benefits to investors from obtaining an immediate license available to investors, which aims to promote economic growth and facilitate the procedures for establishing companies in Dubai.
The Dubai economy introduced the application of the immediate license in order to raise the level and rank of the State in the report of the World Bank, through the development of procedures to reach the first ranks in accordance with the agenda of Dubai 2021. The immediate license works to reduce the time required to conduct transactions registration companies, in addition to the procedures and requirements for obtaining the license And register the company in less than five minutes.
The DED initiative reinforces the government's approach to Dubai by publishing smart transactions that can be issued through the Smart Lounge or through the website, or by creating a new account in the Smart Government Single Sign-On Program. The number of spot licenses has reached 2,684 since it was launched in July last year.
She said that these advantages enjoyed by the immediate license will increase the competitiveness of the Emirate of Dubai, but more importantly that the period of time granted to the investor is one year until the selection of the appropriate site to conduct economic activity, stressing that some companies were unsuccessful in choosing the site, and therefore graduated from The market as a result of inconsistency in the selection of the appropriate site to practice the activity, and therefore the immediate license is the most appropriate solution to study the feasibility of the project and the selection of the site before starting any business or economic activity. The 10 benefits are:
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