A total of 32,564 Instant Licenses have been issued by the Business Registration and Licensing (BRL) unit at the Department of Economy and Tourism (DET) in Dubai since the launch of the initiative in August 2017.
While 59 percent of these licenses were professional, 41 percent were commercial.
Instant licenses could be secured in a single step within five minutes through invest.dubai.ae platform.
Entrepreneurs can establish and conduct business in Dubai easily with the option to issue an electronic Memorandum of Association (MoA) and a virtual site for the first year only.
The service reduces human interaction through automated licensing procedures and easy access to a business license.
It guarantees that entrepreneurs can start their business activity immediately after the license is secured, and then complete the remaining requirements of the commercial license, such as approvals from other relevant government entities.
Bur Dubai accounted for the largest share with 27,200 licenses followed by Deira (5,363) and Hatta (1 license), while the top sub-regions since the launch of the initiative in August 2017 to date were: Al Fahidi, Burj Khalifa, Al Marrar, Port Saeed, Trade Centre 1, Dubai Investments Park 1, Al Karama, Al Mankhool, and Al Garhoud.
The licensee is also given membership in Dubai Chamber instantly, an establishment card of the General Directorate of Residency & Foreigners Affairs as well as three work permits for employees from the Ministry of Human Resources & Emiratization once the trade license is issued.
