The Middle East’s commercial center is widely acknowledged to be Dubai. Because of its pro-business legislation, zero-taxation practices, world-class infrastructure, and robust economy, it draws foreign investors. The United Arab Emirates is a desirable location for potential international investors to launch businesses. Additionally, Dubai’s most recent government efforts, such as the rapid trade license, make the process of starting a business simple. Investors can secure a commercial business license in Dubai and begin conducting business operations right away. Dubai Instant License enables the owner to get their license instantly without any hassle.
What Is Dubai Instant License?
A trade license in Dubai known as an “instant trade license” enables potential investors to quickly and easily obtain their business license. As the name suggests, you can get a Dubai trade license instantly. Anyone wishing to conduct legitimate company operations and start trading in Dubai has access to it.
The Dubai Department of Economic Development (DED) launched the Instant License program in 2018. The goal is to further boost the economy of the country by luring in new investors and making it easier to start a business in Dubai. Using a digital portal, an instant license is generated practically instantly within 5 to 10 minutes.
What are the Benefits of a Dubai Instant License?
Applying for a trade license is a difficult process that can take months to complete when trying to start a business in Dubai. Various factors, including paperwork, business operations, and other business requirements, may affect how long it takes to obtain a business license in Dubai.
A Dubai Instant license is not subject to a 12-month leasing agreement. However, conventional business licenses also require required tenancy agreements. The investor makes sure that market access is made readily and at incredibly minimal costs by doing this.
A further advantage of the Dubai instant license is that it enables a potential investor to investigate the market before committing to more significant investments.
The following are a few more advantages of obtaining an immediate license in Dubai:
1. A minimum of documentation is given.
2. In only a few minutes, you can get your license.
3. Clear and easy-to-use web application
4. Processes for registering businesses that are affordable
5. There are no further requests or authorizations needed.
6. The following year, begin setting up a real office.
7. You are permitted to work from a virtual site during the first year of operation.
8. A Memorandum of Association does not have to be drawn up or notarized (MOA)
Who Can Apply for Dubai Instant License?
Anyone conducting business in Dubai is able to apply for an instant license in Dubai provided they do not require any additional licenses or approvals from internal or external agencies. The license in issue is not open to applications from businesses that would need approval from the Dubai Municipality, various ministries, or other departments.
In contrast to private-public shareholding firms, anyone, including general trade organizations, is eligible to apply for an instant license. Through rapid licensing, the judicial structures listed below are made accessible:
- Civil Company
- Sole Proprietorship
- Limited Liability Company
- Single Limited Liability Company
What are the Documents Required for Applying for a DED Instant Business License?
Investors in Dubai must submit the following paperwork to the appropriate authority in order to receive an instant license.
- An Emirates ID of the owner and residence visa copy or the visit visa copy
- Copies of the local sponsor’s passport and Emirates ID (if required)
- Passport copies of the owner, all the shareholders, and the managers
What is the Cost of a Dubai Instant License?
An instant license could cost between 7000 and 15000 AED. This also includes the cost of registering a trading name. You’ll also need to budget for the expense of applying for your personal visa as well as any dependents’ visas if you’re a new resident of the UAE.
How to Apply for an Instant License in Dubai?
You might use an agency or a company setup expert in Dubai to submit an application for a quick license. It is crucial to have an industry expert on your side when opening a new firm in a foreign country. You may better comprehend the dos and don’ts of the procedure with the aid of a reputable business consultancy like WeServe. Additionally, we can help you put together the necessary paperwork and submit an easy application for a fast trade license.
Get in touch with a business counselor and complete the steps listed below to apply for a quick trade license:
1. Choosing a business entity application
2. Select a business venture from the DED’s list of approved activities.
3. Choose the ownership structure for the business and a trade name.
4. Establish the company’s share capital and complete the required application forms.
5. Send all the necessary documents and the payment voucher will be generated.
6. Make the payment and your license will be issued instantly
How WeServe Can Help You Get Your Dubai Instant License?
WeServe is a group of experts with knowledge in business setup and consulting. We are passionate about assisting aspirational small company owners and entrepreneurs to accomplish their dreams and realize their objectives. The license approval and business establishment processes can be made simple for you by our expertise.
We offer devoted support to assist you in starting a business in the UAE. In order to obtain an immediate license in Dubai, our experts will complete all essential documentation on your behalf. They will also provide you with advice regarding the type of business venture that will yield the greatest returns.
Contact us at any time if you have any questions!
