dubai instant license invest dubai

What is Instant License and How Can you Register a Company in Dubai for 5 Minutes

Dubai is an ideal business destination for many entrepreneurs and businessmen. Aside from Dubai’s vibrant business environment and its multicultural atmosphere, what distinguishes this world-famous business destination is the ease in setting up a business. Especially when it comes to setting up a business, Dubai stands out in optimized digital platforms that allow entrepreneurs to register their business totally digitally and quite fast. During recent years, the government has taken the initiative to facilitate setting up a business even further. One of the very recent strategies adopted in this direction is announced recently by Sheikh Mohammed Bin Rashid Al Maktoum, Prime Minister and Vice President of the UAE and Ruler of Dubai is the launch of Invest Dubai. Invest Dubai is a digital platform for entrepreneurs to set up their shops in Dubai. This new digital platform covers over 2,000 commercial activities and various license types.  

Establishing Invest Dubai is in line with making Dubai the best destination for entrepreneurs worldwide in terms of ease and quickness. Since December 2020, one of the most awaited business articles that were entrepreneurs of all nationalities could own their business 100% established in Dubai was established proving that the UAE aims to attract more entrepreneurs and businesses from abroad. Following this initiative, regarding the Ease of Doing Business score by The World Bank in 2020, Dubai scored a high 94.8, based on ten factors, and ranks in the top 20 easiest countries to start a business. 

Benefits of setting up a business through Invest Dubai

  • Comprehensive information database: Invest Dubai covers all the essential information, requirements, and procedure for starting a Dubai-based business in one place. These include having information on the kind of license you need to details on the funding programs available. This wealth of information can be complicated to gather and thus is a valuable resource for entrepreneurs. 
  • Instant License: Dubai DED Instant License allows entrepreneurs to obtain a license within 5 minutes with no pre-approvals. The Instant License’s best feature is allowing entrepreneurs to start a business with no tenancy contract and no bank account requirement for 12 months. The license is available to many categories of activities and four establishments – Limited Liability Company, One Person L.L.C, Sole Proprietorship, and Civil Company. The process of obtaining the trade license is as follows: licensee will be issued an establishment card from the General Directorate of Residency and Foreigners Affairs and three work permits for employees from the Ministry of Human Resources and Emiratisation soon as the trade license is issued. Although Instant License itself is not a new feature, the Invest Dubai platform provides entrepreneurs to check the license’s availability based on activities, number of partners, and type of company, plus the fees payable. 
  • Business setup recommendation feature: One of Invest Dubai’s exceptional features is evaluating the costs of a business setup (taking into account multiple options) as well as the instant license costs. If the future business and company type is already determined, it can be established easily through Invest Dubai. Prospective investors and partners can join later through the UAE Pass. A personalized dashboard will be provided after completing the registration, including an overview of partners, licenses, key performance indicators, and other features. 
  • Useful business map: one of the brilliant and helpful features of Invest Dubai is its business map which shows entrepreneurs that where the relevant businesses are active in the UAE manifested as a heat map. The map also features active businesses, top activities, business age range, areas and significant activities in those areas, and top sub-areas. This is exceptionally helpful as the map covers 19 free zones available in total, which can then be filtered based on business sector or industry, license type, facilities required, and amenities.
  • Residency and citizenship information: Invest Dubai also helps foreign entrepreneurs to find information on getting a visa or residency through investment. UAE also recently announced citizenship for investors, doctors, professionals, talented people, innovators, and the conditions for obtaining a Golden Visa. The most helpful feature of Invest Dubai is that based on each type of license, according to the activity and type of company, it gives investors information regarding residency options for themselves and their families.
  •  Useful information for start-ups: For those who would like to establish a start-up, Invest Dubai can be exceptionally useful as it gives various incubator options, funding programme details, and other features to understand precisely how, when, and where to start. The arenas for SME start-ups included in the platform are the Hamdan Innovation Incubator (Hi2) in Dubai SME, Dubai SME approved incubators such as Re-urban Studio and Astrolabes The Co-Dubai, etc., and the Dubai Entrepreneurship Academy.
  • News platform: Invest Dubai is on its way to becoming an influential news platform customized and tailored to its users’ needs.

 

 

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