Being one of the most developed, diversified and extensive region in the entire UAE that offers plenty of business opportunities; it is no wonder Dubai attracts thousands of foreign businessmen and international investors each year for their company setup in Dubai.
The government of Dubai is constantly focusing on developing the business environment to remain competitive in the world and to be the most preferred place to live, work and visit as well as a smart and sustainable city and a pivotal hub of the global economy by 2021.
Read More: How to become an Entrepreneur in Dubai
This is why “instant license service” has been introduced by Business Registration and Licensing (BRL) sector in Dubai Economy DED for ease of doing business and help new entrepreneurs in the process of business registration in Dubai.
What is Instant License Service?
DED will issue the commercial license through only one step without the need for the Company’s memorandum of association and the site’s lease contract for the first year only. The site will be transferred and the Company’s memorandum of association will be attached upon renewal of the license.
Through “Instant license Service” you can get trade license in as quick as 5 minutes! Here’s how you can obtain it,
- Service Centers
- Happiness Lounges
- Smart Lounge
Terms and Conditions
- For online applications, no documents are required.
- If you are using other application channels, following is required,
- At least one or all of the partners must visit the outsourcing center to apply for the service.
- Passport copies of all license parties (partners and managers) are required to be provided.
- A Residence Visa copy and NOC issued by the sponsor for foreign parties is required.
- Copies of visit visa to foreign parties are required.
When using e-services, following conditions are to be met,
- Parties not having a previous account on the website shall have to create one account in Dubai ID. They will have to personally appear and show their original ID.
- After that, go to eservices portal and choose “Instant license”
- Login to Dubai ID.
Procedure to Obtain Instant License
- Select legal form
- Select business activity.
- Add the partners and classify the following points below according to the legal form:
- Partners’ share in the Capital.
- Distribution of profits and losses between the partners.
- Trade names should be reserved through the following ways:
- New trade name reservation
- Usage of a trade name that is automatically generated that has the trade name reservation number.
- Put in the value of the Capital in the commercial register data of the Company; rest of the fields will be filled automatically.
- An option to issue an electronic memorandum of association within the available electronic service will be made available to you that you can use or simply choose to skip.
- Payment voucher will be issued.
- You are required to pay the fees now.
When you have successfully completed the process, an instant license will then be instantly in your hand. You are then free to perform your business activities. However, at the time of renewal all the documents will be required from you according to the standards set by DED.
To get the fastest and affordable commercial license in Dubai instantly, contact KWS Middle East. We are one-stop-shop for all your Dubai Company formation needs. Call us at 00971-(04) 871 4313 or email you query at firstname.lastname@example.org.