The Complete Guide to Instant Business Licenses In Dubai

instant dubai business licenses 16 Feb 2024

Are you contemplating setting up a business in Dubai but feeling daunted by the procedures? 

Fear not! In this comprehensive guide, we’ll guide you through the intricacies of acquiring a Dubai instant business license, providing invaluable insights and expert guidance to simplify the process and facilitate a smooth and efficient business setup experience. Whether you’re interested in LLC company registration in Dubai or seeking assistance from business setup consultants, we’ve got you covered. 

 

What is an Instant License in Dubai? 

The DED Instant License has been introduced by the Dubai Department of Economic Development to streamline and accelerate the process for foreign investors looking to set up their businesses in Dubai.  

With its remarkable diversity, Dubai stands out as a premier destination within the UAE, drawing in foreign businessmen and investors alike with its wide array of ventures and abundant business opportunities. In response to the evolving landscape and the increasing need for smooth market entry this license will help foster a conducive environment for business growth and development. 

As the name suggests, an instant license means that you receive your trade license in a much shorter window of time. Most of the other procedures that are associated with a traditional business license need only be done after receiving the instant license. 

 

Advantages Of The Dubai Instant Business License:

 

 1. Expedited Approval: 

Experience swift approval within the same day of application, ensuring minimal waiting time. 

 

2. Rapid Process: 

Experience the efficiency of completing the entire licensing process in just 10 minutes, saving valuable time and effort while ensuring swift business setup. 

 

3. Convenient Online Application: 

Enjoy the flexibility of applying conveniently online or in person, based on your preference and convenience. With the option for online application, you can initiate the process from anywhere, streamlining the business setup procedure further. 

 

4. Immediate Business Commencement: 

Start your business operations promptly upon receiving the license, without any unnecessary delays. 

 

5. Virtual Workspace Option: 

Enjoy the flexibility of working from a virtual space for the first year, reducing overhead costs associated with physical office spaces. 

 

6. Reduced Startup Costs: 

Benefit from lower startup costs, facilitating easier entry into the market for new businesses. 

 

7. Flexibility in Expansion: 

Begin small, operate from home, and expand your business at your own pace, aligning with your evolving needs and goals. 

 

8. No Trading Name Registration Requirement: 

Experience flexibility in branding as there is no obligation to register your trading name in the first year, allowing for exploration and experimentation with different branding strategies. 

 

9. No MOA requirements: 

Skip the Memorandum of Association (MOA) requirements for the initial business year, simplifying the setup process. 

By meeting these eligibility criteria, you can apply for and obtain a Dubai Instant Business License, facilitating a streamlined and expedited process for establishing your business in Dubai. 

For further clarification on the eligibility criteria specific to your business, do not hesitate to reach out to BizVisor today. 

 

Who Can Apply For An Instant License in Dubai?

LLCs, sole proprietorships and civil companies can apply for an instant license. Businesses conducting approved DED instant license activities will find the setup easy as these do not require additional approvals and paperwork. The Bizvisor team will assist you in identifying if an instant license is a good fit for your business. 

 

How To Apply For A Dubai Instant Business License

 

1. Create a Dubai Smartpass ID: 

This ID serves as your gateway to access the Dubai Smart Government services, including the application process for a Dubai instant business license. These are the credentials you can use to log in to the Dubai Economic Development Department’s online portal. 

 

2. Choose Your Business Structure: 

Select the appropriate legal structure for your business, such as LLC (Limited Liability Company) or sole proprietorship, based on your business needs and preferences. 

 

3. Select Business Activity: 

Choose your business activity from the available list provided by the Dubai Economic Development Department. 

 

4. Define Shareholding Structure: 

Clearly define the shareholding structure of your company, indicating the ownership distribution among partners or shareholders. 

 

5. Choose Trade Name: 

Select three trade name options for your business. Ensure that the chosen names comply with the UAE’s naming conventions and are available for registration. Calculate the required share capital for your business setup. 

 

6. Complete Application: 

Fill out the instant trade license application form with accurate details and information regarding your business activities, shareholding structure, and trade name preferences. 

 

7. Submit Required Documents: 

This step is crucial for a smooth and efficient application process. These may include passport copies, UAE residence visa copies, Emirates ID copies, and any other relevant documents as per the requirements. View our documents section below for more details. 

 

8. Make Your Payment: 

When you complete the application, you’ll receive a payment voucher. This step ensures that all necessary fees are settled, completing the process for your Dubai instant business license. This step ensures that all necessary fees are settled, facilitating the completion of your Dubai instant business license application. 

 

9. Receive license: 

Your instant license will be issued upon completion. 

 

Documents Required for Obtaining Instant Business Licenses In Dubai: 

When applying through the DED’s service platform, only your original Emirates ID is required to initiate the application process. 

However, if you opt to apply through a Service Centre, Happiness Lounge, or Smart Lounge, additional documents are necessary. These include: 

  1. Passport Copies: Submit passport copies of all relevant partners and the business owner. This ensures proper identification and verification during the application process. This ensures proper identification and verification during the application process. 
  2. UAE Residence Visa or Visit Visa Copies: Provide copies of the UAE residence visa or visit visa for foreign partners, if applicable. These documents are essential for verifying the residency status of foreign partners involved in the business setup process. 
  3. Emirates ID: Furnish Emirates ID copies of foreign partners involved in the business setup. 
  4. No Objection Certificate (NOC):  Make sure to obtain a No Objection Certificate (NOC) from the current sponsor of residence visa-holding partners, as required. This document is essential for facilitating the application process for your Dubai instant business license.
  5. Local Sponsor Documents, if applicable: include copies of the passport and Emirates ID of the local sponsor. These documents are essential for ensuring compliance and legal adherence throughout the application process. If at least one of all partners is present at the service center during the application process it ensures smooth processing and verification of the application. Obtaining an NOC is optional for general trading activities. 

 

What Are The Limitations Of Dubai Instant Business License? 

 

  1. Restricted Eligibility: The license is exclusively available to UAE and GCC nationals in Dubai, limiting access for foreign investors. 
  2. Limited Business Activities: The instant license is suitable only for specific business activities and may not accommodate broader business ventures, restricting opportunities for diversification. 
  3. Visa Limitations: This license does not allow for the application for residence visas, which may hinder the ability to establish a long-term presence in Dubai. 
  4. Sole Legal Responsibility: Individuals holding an instant license are solely responsible for their company’s legal disputes, increasing personal liability. 
  5. Banking Challenges: Opening a business bank account may pose challenges and require assistance, potentially delaying financial transactions and operations. 
  6. Limited Scalability: The instant license cannot be converted into an LLC for scaling up business operations, limiting growth opportunities. 

 

Dubai Instant Business License Costs 

While being a cost-effective alternative to traditional processes, there are still a few associated expenses investors must be mindful of. The overall cost for obtaining instant support in Dubai usually falls within the range of AED 12,500 to AED 28,500. These expenses cover trade name registration, initial approval, visa application, virtual office rent, and the license itself. 

 

Why Launch a Business in Dubai? 

Dubai offers ample incentives and advantages for aspiring entrepreneurs. From its strategic location and tax-free policies to its advanced infrastructure and supportive business environment, Dubai provides a conducive platform for business growth and success. With its  bustling economy, strategic geographic location, tax free benefits, advanced infrastructure, and government support, the city provides an ideal environment for business growth and success. 

You can be part of that success story by setting up your company in the city. Read more about how to register a company in Dubai, or alternatively, if you’re planning to set up a limited liability company, read our step-by-step guide on how to start an LLC in Dubai

 

Enjoy Expert Dubai Instant License Service With Bizvisor 

Embark on your entrepreneurial journey in Dubai by obtaining your instant business license. With streamlined procedures and expert assistance from BizVisor, you can establish your business efficiently and start operating in the vibrant Dubai market. Contact us to see how our expert team can help you. 

Dubai’s instant business license offers a convenient and efficient way for entrepreneurs to establish their ventures in the vibrant UAE market. With its streamlined process and numerous advantages, it’s an excellent option for those looking to dive into the Dubai business scene.

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