- The Business Registration and Licencing (BRL) sector in Dubai Economy has launched the “Instant Licence” initiative for businessmen and investors to get their commercial licences within 5 minutes
- Moreover, the commercial license in Dubai without having a company’s lease or location for the first year, and these documents have to be submitted only at the time of renewal
- The new initiative reduces the time required for business registration procedures and licence issuance by 90%
- Holders of general trade licenses can only use electronic services, and all business partners or one of them must be present while applying through the outsourcing centres and happiness lounges
- Dubai Economy focuses on continuously developing the business environment to remain competitive in line with the world-class infrastructure in the emirate of Dubai
- Launching the “Instant Licence” service is part of Dubai Economy’s mission to support economic diversification and enhance competitiveness across all levels in Dubai
- With the “Instant License” initiative, at least 2000 commercial licenses are expected to be registered in the second half of 2017
- A Dubai commercial license has one-year validity from the date it was issued, and after first renewal, the commercial license in Dubai has a four-year validity
- All business activities in Dubai fall into three categories of licenses: commercial licenses, covering all kinds of trading activity; professional licenses, covering professions; and industrial licenses, establishing industrial or manufacturing activity
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