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Dubai, the sparkling city of gold, has emerged as a global business centre. Its perfect location, outstanding facilities, and systematic approach to establishing business have attracted entrepreneurs and investors from all over the world. But what makes Dubai different is simplifying the business setup processes using technologies. According to the 2023 report, around 24,143 commercial licenses were issued in Dubai, which was 94.1% of the total license count. In addition, there were 411 new occupational licenses and 410 new professional licenses in Dubai, respectively. In the last year, the total capital of all the new economic licenses was more than AED 210.7 billion.
In the modern world of business, time is the main factor. The conventional business licensing processes can be lengthy and entail a lot of bureaucracy. Dubai, however, has been able to recognize the challenge and find easy methods to speed up the process. The instant business license initiative is a process that allows entrepreneurs and small businesses to get the requisite permits and authorizations faster than usual.
This blog will provide details on acquiring an immediate company license, the most important steps, documents, and difficulties that are likely to occur. By the end of this blog, you will be ready to start your business in Dubai because you will know the outline and be equipped with the necessary information.
An instant license, also known as a quick license or a simplified license, is a type of business license issued by the Dubai Department of Economic Development (DED) in 2018 that allows entrepreneurs and small businesses to obtain the necessary permits and approvals within a short timeframe using digital sites. Unlike traditional licenses, which can involve multiple steps and waiting periods, instant licenses offer a streamlined and efficient process.
Anyone apart from private-public sharing companies can get an instant license. If your company requires external approval from the government or any government-approved agencies, you are not eligible for this license. Instant licenses are primarily designed for the following categories of businesses:
Instant licenses are generally available for a wide range of businesses, including:
Applying for an instant license is very easy when compared to traditional methods. It could take a few steps, but you can overcome it with the help of CDA on your side. Here is the procedure to obtain an instant license in Dubai.
Step 1: First of all, select the type of business or business activity. The Department of Economic Development (DED) has a list of permitted activities in the region, you can choose one according to your business. This process is crucial as this will decide the eligibility of your business for the instant license in Dubai
Step 2: Select the company ownership structure and a name for your business. The legal structure might include businesses forms like LLC, SME or sole proprietorship etc. Other factors which also include is the location of the business, as if the business is set in a freezone then could get multiple advantages. To know more about selecting a business name in Dubai click here
Step 3: Define the company’s share capital money. This step includes the details about the shareholding structure and the ownership distribution of the business
Step 4: File the required application along with the necessary documents and the fees. After the payment of the fees, the instant license might be issued upon the verification of the details and documents provided
Step 5: Make sure to open a bank account and apply for a VISA. Having a corporate account and the Visa is another crucial step which the businesses must ensure in order to facilitate a smooth business registration and licensing process.
While applying for the instant license or any other permits or approvals it is important that you submit the necessary documents.
Obtaining instant business licenses in Dubai enables startups & entrepreneurs the easy and fast way to begin their operations in a growing business hub. By going through each detail in this blog, you can be as clear as day and gear up for a great business experience in Dubai. Getting a license is not as complicated as it seems. The businesses can acquire the professionals to ensure the accurate documents and then get the licenses issues by the authority
If you are ready to start your business in Dubai, contact CDA today. With years of expertise in the field, CDA will help you set up your business and get an instant license for your business. Our team of experts who are well versed with the regulations and processes of setting up a business and getting the licenses for the businesses can enable you to get the procedures sorted in no time. The business consultant experts at CDA are always known for the personalized services they provide.
To discover more about our services, contact CDA
