What is Instant License in Dubai

Instant License in Dubai:

Convenience is the commodity that matters most to the current world. We live in an instant society today. A society that wants everything faster & quicker. To cater the needs of society, the business licensing and registration department in Dubai (DED) has launched the concept of Instant License, which is faster and more cost effective. An instant license means you can have your business registered & licensed with the Department of Economic Department, Dubai within a day time. The important factor to obtaining a mainland license is usually a requirement of having a physical office, ready to move office, desk space or warehouse with valid tenancy contract as well as Ejari . This definitely raised the costing of a license for an investor and also the time involved, searching for a suitable office space. The Department of Economic Department (DED), Dubai’s Instant License is an initiative where an investor can obtain license from the DED without the requirement of the office space. The major factor involved for the introduction of instant license by the Department of Economic Department (DED) is to support country’s economic diversification and enhance the efficiency of DED services.

What are requirements of getting instant license in Dubai

In order to proceed with the instant license, the applicants (i.e. Expat partners & UAE National Shareholder) need to be present before any one of the DED Service centers and proceed with their passport verification & Digital signature attestation. If the expat partner and manager is holding any kind of UAE residence visa, they need to have a No objection certificate from their respective sponsor.

Instant license dubai economic department

As per the information received from the DED office, the instant license may be obtained for any kind of business setup in Dubai under commercial licensing (Limited Liability Company (LLC) or under professional licensing (Sole Proprietorship or Civil Company), depending on the business activity. Instant license can be register on all the activities which do not have any kind of external approval. The exclusion of office or lease agreement is applicable only for the first year. from next year to onward, it is mandatory to have a desk / office space. For the first year of the instant license, the location mentioned on the license will be of the “Dubai Municipality”. However at the time of the renewal, a valid lease agreement will be required along with Ejari.

Investor & employment visa eligibility criteria

Instant license in Dubai, once is issued is eligible to have a maximum of 2 investor visa’s (valid for 3 years) whose name appears on the MOA and 3 employment visa (valid for 2 years). The requirements of an instant license in Dubai mentioned above may vary on case to case basis, where certain individuals or companies may not be eligible to apply as per DED rules & regulations for instant license.

Instant license Dubai cost

Additional cost involved in Dubai instant license fees

Instant license Dubai cost also be based on the number of partners, business types, legal type. It is mandatory to have a UAE National either as a local service agent or a shareholder depending on the license type.

Summary

In it’s bid to attract foreign investors to a world-class economy and infrastructure, the Dubai Government and the DED have taken steps that help bolster the economy. The introduction of an instant license is another step in the right direction, attracting more investors to set up their companies in Dubai faster, while cutting down costs. Flyingcolour Business Setup, Accounting & VAT Services in Dubai and UAE has helped several clients to setup business in Dubai and UAE in mainland, Free Zone & offshore with detailing all the steps, costs, regulations and legalities. This blog post is written by Ms. Ankita. Feel free to call today for a more detail on your business setup inquiry. Please send inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366. To understand if your business plan and activity fall under an instant license or for any queries related to an instant License, do not hesitate to contact us.