A growth of 54% compared to the same period last year
Dubai Economy: The issuance of 14.18 thousand electronic articles of incorporation and an amendment appendix to the first quarter of 2021
The figures confirm the Dubai Economic Strategy to facilitate business and economic activities in the emirate.
Archives
picture
In implementation of the decree of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, concerning Federal Law No. (7) of 2018 regarding amending some provisions of Federal Law No. (2) of 2015 in the matter of commercial companies, which stipulates that the signature is in person or by signature On the electronic level, the commercial registration and licensing sector in Dubai Economy issued 14 thousand and 182 electronic articles of incorporation and amendment annexes during the first quarter of 2021, with a growth rate of 54% compared to the first quarter of 2020, as the total reached 9197 electronic articles of incorporation and amendment annexes.
The incorporation contracts that were ratified electronically during the first quarter of 2021 varied according to the type of license. The first of the year 2021, according to the type of license, the commercial came at the forefront with a rate of 80%, followed by the professional with a rate of 17%, and the rest of the percentages were distributed among the tourist and industrial licenses, according to a statement issued by Dubai Economy yesterday.
Facilitate business
The figures confirm the Dubai Economic Strategy aimed at facilitating the movement and conduct of business and economic activities in Dubai, the emirate’s continued competitiveness and its ability to attract companies seeking sustainable growth and expand their business in various vital sectors in Dubai.
Business owners and companies can obtain the Memorandum of Association and its annexes electronically in one visit through Dubai Economic Centers for the approved service that owns electronic signature devices, or through electronic approval via text messages 6969 without the need to review Dubai Economy.
New procedures
The Commercial Registration and Licensing Sector added some new procedures for electronic incorporation contracts, which included: a contract for selling shares for a limited liability company and a single person company with limited liability, and issuing a civil business company contract in the event that there are citizens or Gulf parties. Civil works.
The new procedures included the collection of electronic signatures for the incorporation contracts, whereby the representative of the company (the legal person) could sign electronically instead of the company in the event that a valid legal power of attorney was provided by the company or by a decision of the Board of Directors or through the powers of the director mentioned in the incorporation contracts.
Establishing companies
The new procedures included the addition of some management powers giving the director the authority to establish, manage and cancel companies affiliated with the main company (the parent), in addition to registering value-added tax and submitting returns with the Federal Tax Authority.
The powers also grant the transfer of workers 'and employees' salaries to banks and banks and transfers to all banks operating in the country.
Representing the company before all courts and quasi-judicial authorities in the country, and finally appointing an arbitrator in case of any disputes.
Dubai Economy establishes a clear mechanism based on quality and excellence at all levels that would enhance the reality of business and achieve sustainable competitiveness in the economy of the Emirate of Dubai and the UAE in general.
Businessmen are among the list of Dubai's economic priorities, and from this standpoint, solutions are being sought that contribute to facilitating business in Dubai, expansion and growth, in addition to maintaining the rotation of the economic wheel and the attractiveness of Dubai as a global commercial and economic center.
Electronic contract of incorporation service
The electronic incorporation contracts service is available through “Invest in Dubai”, the unified digital platform for establishing businesses, which provides a unique business experience and the opportunity to obtain commercial licensing services, and start business within a few minutes, in an easy and smooth manner that saves time and effort in a central platform without reviewing any center. service.
Also available on the platform are the services of initial approval, reservation of a trade name, issuance of instant licenses, licenses of the Mohammed bin Rashid Establishment for the Development of Small and Medium Enterprises, starting licenses, a dealer license, in addition to a commercial license renewal service.
To start any commercial project, you can visit the platform via the link invest.dubai.ae, or contact the call center on 600500006.
Follow our latest local and sports news, and the latest political and economic developments via Google news