The registration and commercial licensing sector in the Dubai Economy issued 20,491 electronic incorporation contracts, and 9336 annex amendment to the establishment contract, including 1529 licenses issued by agreeing to text messages that reach customers from number 6969, without the need to review Dubai’s economy or service centers Approved during 2019.

These results come in implementation of the decree of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, regarding Federal Law No. (7) of 2018 regarding the amendment of some provisions of Federal Law No. (2) of 2015 regarding commercial companies.

Commercial licenses

The report showed that 83% of the founding contracts for commercial licenses issued electronically were done through the Dubai Economy, while the percentage of annexes to amend the founding contracts reached 55%, out of the total licenses that require a founding contract. The figures confirm Dubai’s economic strategy aimed at facilitating the movement and conducting business in Dubai, the emirate’s continued competitiveness and its attractive ability to attract companies and investors who want sustainable growth, and to expand their businesses in various economic sectors in Dubai.

Through its strategy, Dubai Economy is working to facilitate doing business and starting commercial activities, and providing time for business customers to complete their transactions smoothly in the Emirate of Dubai, in order to embody the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transform To the smartest city in the world. The registration and commercial licensing sector works to provide the finest and smartest services to customers, and to facilitate the mechanism of doing business in various fields, in addition to keeping abreast of the latest technologies, digital services and global technological development at the level of the UAE and Dubai in particular.

Incorporation contracts

The founding contracts that were certified electronically during the year 2019 varied according to the activity, in the forefront of which were professional activities, as they numbered 13,671 licenses, commercial (7,052 licenses), then tourist (294 licenses), and industrial (78 licenses). On the other hand, the annexes to amend the founding contracts that were certified electronically varied according to the activity, as commercial activities were issued (7176 licenses), then professional (1831 licenses), industrial (168 licenses), and finally tourism (161 licenses).

Business owners and companies can obtain the initial approval, book the trade name and the incorporation contract electronically, and issue the business license in one visit through the Dubai approved economic centers, which have electronic signature devices to issue the establishment contracts and their annexes.

Legal form

The report issued by the Commercial Registration and Licensing Sector showed that limited liability companies topped the list of legal form of establishment contract licenses that were certified electronically, as they numbered (9108), followed by service agent contracts for civil business companies (8008) and individual institutions (2936), and finally Single-person companies with limited liability (439). As for the legal form of licenses to amend the founding contract, the companies were topped with limited liability (8335), followed by individual institutions (424), then single-person companies with limited liability (395), and finally business companies Civil (182).

Finally, the Commercial Registration and Licensing sector prepared a guide on the issuance and amendment of founding contracts that contains comprehensive information on the issuance of the memorandum of association and its annexes, as it was designed to provide Dubai Economic dealers with the information they need, to ensure the completion and completion of their transactions and requests, and to answer and follow up their inquiries as quickly as possible to meet their needs .

Release and amendment guide

It includes a guide on the issuance and amendment of founding contracts, the forms of founding contracts that Dubai Economy issues, ratifies and issues attachments to in the event of amendment, including: a service agent contract, a founding contract for a limited liability company, a founding contract for a single person company with limited liability, fees for requesting an amendment Founding contract, required documents from the legal person, texting service, and requesting an attachment to amend a founding contract (adding / withdrawing a partner, changing a commercial name, adding an activity to the registry, adding / changing / deleting an activity, altering the capital, changing a partner's name / Manager, change the nationality of a partner / manager, add / change / delete a manager, change percentage Quotas, change the legal form of the individual institution to a limited liability company, change the legal form of an individual institution to one person Company LLC, and change agent services for a local institution.

83% of the founding contracts for commercial licenses issued electronically were through the Dubai Economy.

The limited liability companies topped the list of legal form of incorporation contracts licenses.