«Economy and Tourism»: «Burdubi» acquires a total of 9,451 licenses

Immediate licensing for 10.7 thousand business establishments within 10 months

«Economy and Tourism»: Issuing the instant license takes only 5 minutes.

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The commercial registration and licensing sector in the Department of Economy and Tourism in Dubai issued 10,707 licenses, immediately, during the first 10 months of 2021.

A statement issued yesterday stated that these licenses were distributed according to the license category, at the forefront of which were professional licenses by 63%, then “commercial” licenses by 37%, pointing out that the “instant license” service provides a suitable model solution for businessmen who are now able to obtain A commercial license, in the shortest possible time, enables them to establish and conduct business in Dubai easily and conveniently.

"Invest in Dubai"

According to the statement, the issuance of the instant license, which takes only five minutes to issue on the invest.dubai.ae platform, comes with the option of issuing an electronic articles of incorporation, and a virtual site for the first year only, as part of the strategy of the Department of Economy and Tourism in Dubai, which aims to Supporting the process of economic diversification, sustainable growth and competitiveness in the emirate.

"Invest in Dubai", the unified digital platform for establishing a business, constitutes a model window that provides the ability to obtain licensing services, and start business in the emirate within a few minutes.Regional Distribution

The report highlighted the distribution of instant licenses issued during the first 10 months of 2021, according to the main regions in the Emirate of Dubai, as the largest share was the "Burdabi" region with a total of 9,451 licenses, then the Deira region with a total of 1,256 licenses.

Legal form

The legal forms of an immediate license include four types: a limited liability company, a one-person company, a sole proprietorship, and a civil business.

The immediate licenses issued during the first 10 months of 2021 were distributed according to the legal form, as “civil works” topped 38%, followed by individual institutions with 25%, then limited liability companies by 23%, and finally limited liability companies - one person by 14%.

License Features

The "Instant License" initiative contributes to reducing human interaction by automating licensing procedures. It also ensures that businessmen are allowed to start practicing commercial activity as soon as the license is issued, and then complete the rest of the commercial license requirements.

The "instant license" provides the option of issuing an electronic incorporation contract, obtaining the license and commercial registry, and membership of the "Dubai Chamber" through the same procedure immediately.

He was also able to obtain the facility card of the General Administration of Residency and Foreigners Affairs, in addition to the facility card of the Ministry of Human Resources and Emiratisation, as a text message would be sent to the customer approving three permits for employees.

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