Obtaining a license is a mandatory requirement for starting a business in the UAE. In this regard, the government issues a variety of licenses based on your business activity. However, the only issue is that all licenses require thorough paperwork, often taking time.
The UAE government has taken a new initiative to introduce instant license in Dubai to fix this issue. It has made it a lot easier and hassle-free.
So, let’s dive deeper and discuss Dubai’s instant license more.
What is an Instant License in Dubai?
Dubai’s Department of Economic Development (DED) introduced an instant license to streamline a business setup in the emirate. It helps entrepreneurs secure a license in a shorter period by skipping some of the usual documentation and approvals.
The sole purpose of an instant license was to help newcomers initiate a new business more smoothly.
An entrepreneur can enjoy a trade license for 12 months with this license. This means that you have enough time to regulate your business activities and handle essential documents during this period. Later, you can focus on your business expansion, which will start next month.
Advantages of Instant License Dubai:
Dubai instant license has its own set of perks. Here is a list of its few advantages.
- You can start your business operations immediately without waiting for lengthy approvals.
- The entire process usually takes a few hours, and you will get your approval within 24 hours.
- The minimal documentation has reduced paperwork and avoids the need for initial office lease agreements.
- It saves on costs associated with office space, as it’s not required for the first year.
- Limited requirements have made the application process quick and simple.
- Application can also be made online or via a registered typing center.
- Instant licenses in Dubai are available for many commercial and professional activities, including e-commerce and consulting.
- You have no restriction on registering your trade name in the first year.
- It can also be your go-to choice if you just want to test the Dubai market with minimal investment.
- You can start your business without any physical office. However, once your first year is completed, you must need one for renewal of the second year.
- You also don’t need any MOA or rental contract for the first year.
Documents Required for Dubai Instant License:
Following are the documents you need to apply for a Dubai instant license.
- Valid passport copies of all shareholders and partners.
- A copy of the UAE residence visa if any partner or shareholder is a UAE resident.
- Emirates ID copy of UAE resident shareholders.
- A no-object certificate, or NOC, is required if another company employs a UAE resident shareholder and needs permission to start a new business.
- Sponsor/local agreement might also be required for certain business activities.
- Basic DED approval for business activity selection should also be provided at the application stage.
How to Get an Instant License in Dubai?
- Go to the Dubai Department of Economic Development (DED) e-Services portal or visit a DED service center in person.
- Create an account or log in to access the online application system.
- Fill out the application form detailing your business activity, company structure, and shareholders.
- Now, upload the required documents as demanded or mentioned above.
- Select a trade name for your business that complies with DED guidelines.
- After that, check the availability of the name and reserve it through the DED portal.
- Once you submit your application, the DED will conduct a preliminary review.
- Receive initial approval if your documents and application details are in order. This step usually takes only a few minutes online.
- While your application is approved, you can now pay an instant license fee online or at any DED service center.
- After payment, you’ll immediately receive your Dubai Instant License and can start your business operations right away.
- You can also receive a digital copy of the license and get a print of it if needed.
That’s all you need!
Remember, after one year, the license requires renewal. You must provide a tenancy contract or office lease at this stage to comply with DED regulations.
Instant License Dubai Cost:
According to shuraa.com, an instant license in Dubai costs around AED 10,000 to AED 28,000. However, it includes everything from initial approvals and trade name registration to visa applications, virtual office rent, and licenses.
It can also go up or down depending on several factors, including your business activity, the need for a local sponsor, and additional approvals.
Here’s a quick breakdown of potential costs;
- Basic License Fee – AED 3,000 to AED 5,000 (approximately).
- Outsourced Centre Fee – AED 2,000
- Sponsorship Fees – This may vary depending on agreements.
Who Can Apply for a Dubai Instant License?
If you want to start a business that doesn’t require any sort of additional approvals from external authorities, then you can apply for an Instant license in Dubai.
Also, identities or corporations like Sole Proprietorships, Limited Liability Companies, Civil Companies, and One Person LLCs can apply for instant licensing.
FAQ:
Can a foreign national or resident apply for an instant license?
Yes, foreign nationals and UAE residents can apply for an Instant License. Foreigners may need a local Emirati sponsor or service agent, depending on the business type.
How long will it take to get an instant license in Dubai?
The Instant License is issued immediately, within 5–10 minutes. However, it all depends on whether all documentation is complete and correct. That’s why it is called instant and one of the fastest licensing options.
Who can issue an instant license in Dubai?
Dubai’s Department of Economic Development (DED) is the authority that issues Instant Licenses for mainland business activities.
How long is Dubai instant valid?
The Instant License is valid for one year. After this initial period, the business must fulfill standard requirements for renewal, such as providing a renewal tenancy contract.
Can I transfer the instant-to-instant license to any other individual?
Yes, transferring the license to another individual is possible. However, approval from the DED is required, and formal procedures must be followed, including meeting eligibility and documentation requirements for the new license holder.
Final Verdict:
In Conclusion, the Instant License Dubai can cost around AED 10k to AED 28k, but it’s completely worth doing.
It will give you the surety of instant approvals to start your business right away and make the process hassle-free. With it, you can create your virtual empire for 1 year and reap the fruits of instant licensing in the UAE.
