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Dubai is one of the most different places in the United Arab Emirates. Dubai has a lot of businesses and business opportunities that bring in foreign business people and investors every year. Dubai has a huge market for foreign investors who want to invest or start a business there. The Department of Economic Development (DED) in Dubai came up with the Instant Trade License after figuring out what the market wanted.
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With the “instant license” programme, you can get a business or professional license in Dubai in as little as 5 minutes. The instant license was made to help the economy of the UAE. It makes it easier and faster for entrepreneurs to get a trade license and start a business in the UAE mainland.
It is a one-step process that doesn’t need the Memorandum of Association (MOA) or the rental contract for the first year. You only send these in when you get your business license renewed.
Getting a commercial or professional license could take up to two days or more, depending on the type of business you run and the paperwork and approvals you need to do. But with the Dubai instant license, you can get your business license in just a few minutes and with fewer requirements.
Keep reading : How to get Trade License in Dubai quickly
In Dubai, the following types of businesses can apply for an instant license:
External approvals are extra approvals that need to come from other government agencies or agencies that are approved by the government.
Depending on how you apply for an instant license, you may or may not need certain documents.
If applying through DED’s e-Services platform:
If applying through Service Centres, Happiness Lounges, or Smart Lounge:
You will be Interested on : General Trading License in Dubai
You’ll get a single payment voucher that includes the fees for initial approval, reserving the trade name, and giving you the license. The price of the instant license will depend on what your business does. But all types of business activities have to pay a fixed Market Fee. Starting with the second year, the renewal fee will be 2.5% of your commercial space’s rent. Contact Experts at Black Swan to know the cost of Instant Trade License in Dubai UAE.
Any business on the mainland of the UAE must have a local sponsor. The amount of the sponsorship fee is based on what you and your local sponsor agree on.
Read on : How to Renew Trade license in Dubai
Here are the most important steps to take to apply for an instant license on the DED e-Services platform in Dubai:
When the business license is given to you,
If you want to start a business right away in Dubai, call Black Swan Business Setup. For more information, call +971 56 658 2477 or WhatsApp +971 56 658 2477 to talk to our company formation experts. You can also send us a message by filling up the form below.
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