DED- Instant Licences issued in Dubai
Business Company formation & Licensing Dubai License

1,882 “Instant Licences” issued to date in Dubai, says DED.

The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED) in Dubai reported that 1,882 Instant Licences, which are issued within five minutes, were issued after the service was launched in July 2017 to the End of 2018. Among the Instant Licences issued, 1641 were Commercial (87%), and 241 in the Professional (13%) category.

The initiative has recently won the first rank in the Global Continual Improvement & Innovation Competition & Award organised by Dubai Quality Group in the category of Kaizen (Services). The Instant License enables businessmen to obtain their commercial licences in one step within five minutes without having a company’s lease or location for the first year only. They only have to present these documents for renewal. The initiative reduces the time required for business registration procedures and licence issuance by 90%.

The number of Instant Licence owners reached 6,100 as of today with men accounting for 88% while women 12% of the total instant licence holders. Indian businessmen hold the largest number of Instant Licences issued so far followed by the nationals of Egypt, Pakistan, Saudi Arabia, China, Britain, Sudan, Jordan, Bangladesh and Canada.

All business activities can benefit from the service, except public and private shareholding companies, through the various outsourced service centers in Dubai, and the Happiness and Smart Lounges 24×7. Holders of general trade licences can only use electronic services.

All business partners or one of them must be present while applying through the outsourced service centres or the happiness lounges and must provide a valid passport copy to all parties (partner and manager), residence visa copy and non-objection letter from the sponsor to the foreign parties.

The Instant license also offers the option of an electronic contract, in addition to obtaining the license and entry in DED’s commercial registry. Furthermore, the licensee is given membership in the Dubai Chamber instantly as well as establishment cards of the Ministry of Human Resources & Emiratisation and the General Directorate of Residency & Foreigners Affairs.

An Instant License includes four legal forms; Limited Liability Company, One Person L.L.C, Sole Proprietorship and Civil Company.

SOURCE

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