The Instant License—Explained
This must be a much-awaited implementation for every businessman as the Department of Economic Development (DED) in Dubai launched the Instant Licensing Services. This will make the business setup in UAE easier than ever as businessmen can obtain a commercial license in just five minutes for the first year without holding a lease of the company or even location. The aforementioned documents, however, will be required for renewal.
This Instant License is the newest service that has been launched by the Business Registration and Licencing (BRL) that is for all Dubai Economic Department (DED)-licensed activities and for all legal types. It is believed that this service will have the time for the process of registering a business or business setup in Dubai, and anywhere in the UAE, reduced by 90% because of the automating licensing procedures. Aside from public and private shareholding companies, almost every business activity will be able to take the advantage from this scheme. The businessmen can have their licenses be registered through the Dubai Economy’s outsourcing centers and the happiness and smart lounges. It is a requirement for at least a business partner to be present when applying for the license and present valid passport copies of all parties (partner and manager), residence visa copy, and non-objection letter from the sponsor.
Meanwhile, with regard to having activities that have to do with general trading, it is mandatory to apply through the E-Services and choosing LLC. This may only be available for almost every business since it’s not for public and private shareholding companies.
However, this is considered to be a huge step towards business environment development as Dubai Economy strives to be competitive as is expected in the UAE. As always, the UAE is one of the countries in the world that remains to be on the race to have world class and state-of-the-art infrastructure.
There are a lot of consultants that can be of help with regard to business setup in Dubai. One of them is Farhat & Co., which has been serving various companies from different industries for more than 30 years. The experience that we have in our sleeves serves as an edge for us and makes us one of the leading business setup consultants in Dubai and in the neighbouring Emirates.
We are repeatedly giving quality service better than before for we care about you and your business’ well-being. As we always strive for excellence because it is in one of our goals to stay in the list of one of the best business setup consultants in Dubai, we continually serve with excellence. If you are interested to have a consultation with us, please do so and find out for yourself why we are one of the prime consultants when it comes to business setup in Dubai, UAE.
FAR – Farhat Office & Co.
Phone: +971 4 2500251
Mobile: +971 42 500 251 | +971 50 646 6748 | +971 50 481 2157