The Dubai Economic Department decided to amend the fees for issuing the instant license, which it issues for commercial activities in Dubai, especially general trade activity through electronic services only, from 3000 dirhams to 250 dirhams only, and also in the event that the license is renewed with a decrease of about 92%. The instant license provides the option to issue an electronic incorporation contract, obtain the license, the company’s commercial registry, and Dubai Chamber membership through the same procedure immediately. He also managed to obtain a 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 reaches a text message after issuing the license by agreeing to three employee permits.
The registration and commercial licensing sector in the Dubai Economy said that it issued 550 licenses immediately during the first quarter of 2020, as the process of issuing an 'instant license' takes only 5 minutes with the option to issue an electronic incorporation contract, and a virtual site for the first year only. The immediate licenses that were issued during this period were distributed according to the activity, led by commercial activities at 73% and professional at 27%.
The 'Immediate License' service, which holds the banner of the Hamdan Bin Mohammed Program for Smart Government 2019, provides a model solution suitable for businessmen who have become able to obtain a commercial license in the shortest time possible enabling them to establish and conduct business in Dubai easily.
The report issued by the commercial licensing and registration sector indicated that those who have an immediate license, which covers more than 1,400 economic activities, during the first quarter of this year, numbering 1,746, the percentage of businessmen of them is about 88%, while businesswomen constitute 12 %. The nationalities of those who obtained the instant license varied during the first quarter of 2020 to include businessmen from Britain, South Africa, Saudi Arabia, Egypt, Jordan, India, Pakistan, China, Sudan, and the Philippines.
The 'Immediate License' initiative contributes to reducing human interaction by automating the procedures for licensing, in addition to the ease of obtaining a commercial license, and the initiative guarantees that businessmen are allowed to start practicing the business immediately after the license is issued, and then complete the rest of the requirements of the commercial license, such as approvals from government agencies Other concerned.
The legal forms of the instant license include four types: a limited liability company, a one-person company, an individual institution, and a civil business company. And through the "immediate license", entrepreneurs can obtain a general commercial license via the Internet, and it includes general trade activity, in addition to all activities that do not need external approvals, and it is allowed for both citizens and residents. The fees for the instant license issuing markets, especially the general trade activity for which the license was issued through electronic services only, were modified from 3000 dirhams to 250 dirhams only, and in the event of renewing the license.
The instant license provides the option to issue an electronic incorporation contract, obtain the license, the company’s commercial registry, and Dubai Chamber membership through the same procedure, immediately. The license also enables the obtaining of the General Administration of Residence and Foreign Affairs facility facility card immediately, in addition to the Ministry of Human Resources and Resettlement facility facility card where the customer receives a text message after the license is issued with the approval of three employee permits.
The feature of registering “citizens” employees in the Ministry of Human Resources and Emiratisation was added when issuing the immediate license, and this comes within the framework of implementing Emiratization decisions approved by the Council of Ministers headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the State and Prime Minister and Ruler of Dubai, and to encourage The private sector to attract citizens, develop their capabilities and skills, and prepare national competencies to lead the competitive knowledge economy competently.
The issuance of the immediate license comes within the framework of Dubai's economic strategy aimed at supporting the process of economic diversification and sustainable and competitive growth in the emirate, focusing on facilitating the conduct of business, which contributes to foreseeing and making a better future in which Dubai is the first in the world in attracting strategic economic sectors and providing high-quality services according to the finest Global standards.