How to get an Instant License in Dubai
Dubai has always been on the forefront of creating investor-friendly policies that accentuate on the growth of a business-conducive environment. One such policy happens to be that of procuring a Dubai instant license that is vital for Dubai business setup. The introduction of the instant license for Dubai business setup supplants the conventional and complicated method of business setup that typically takes days.
If you stand eligible for an Instant License in Dubai, you can apply for it, procure it within minutes and get started with your business activities right away.
What is an Instant License in Dubai?
An Instant License is a trade license available to businesspersons that are looking to carry out professional or commercial business activities. The Department of Economic Development is the issuing authority for business licenses. The new process eliminates the need for paperwork and significantly expedites the Dubai business setup process.
So, if you’re an entrepreneur fiddling with the idea of starting a business in Dubai, then procuring an instant license in Dubai is the fastest way for you to go. The procedure is fairly simple and can be completed online in a few minutes. As opposed to the prerequisites of the traditional method of procuring a license, the instant license doesn’t require the following for its procurement:
After submitting the required documents, the Department of Economic Development (DED) will issue you an Instant License, essentially authorizing you to carry forward your business setup in Dubai.
Benefits of Instant License in Dubai
Typically, the process of obtaining a trade license is tedious and time-consuming, which is why, most businesspersons looking for Dubai business setup take the help of business setup professionals to acquire it.
If you plan on obtaining the license, you will have the following benefits:
- Simple application that can be completed within minutes
- Minimal documentation required
- License will be issued in minutes
- No post-approval procedures
- MOA not required, hence minimizing time
- Trade name registration not required
- Cost-effective procedure
- Opportunity to explore Dubai Market
Eligibility for Instant License in Dubai
Individuals and companies whose business activities do not mandate external approvals can apply for an Instant License in Dubai. Professional/Trading companies with specific activities will not be able to acquire an instant license as they will require an external approval. Likewise, an individual who requires a CID approval due to restrictions/sanctions in the UAE cannot apply for an Instant License in Dubai.
Instant Licenses are available for:
- Sole Proprietorship
- Single-member LLC
- Civil Company
- Limited Liability Company
Documents Required for Instant License in Dubai
Individuals applying for an Instant License in Dubai must submit at the least the following documents:
- Passport copies of all the business partners involved — all the partners must be present during the time of application
- Emirates ID and Residence Visa Copy
- Local Sponsor Passport Copy
- NOC from current sponsor/employer (for foreign shareholders)
- A Dubai Smart Pass ID that can be obtained through DED e-services
- Details of Trade Name, business partners, activities, managers, and commercial registry.
How to Apply for Instant License in Dubai
Login into the DED e-Services platform and follow the steps as given below:
- Select your business structure (from the list mentioned before)
- Select your business activity from the list of available activities
- Choose the shareholding structure of your company
- Input three trade names
- Decide and input the share capital of your establishment
- Fill-in the rest of the application forms
- Upload the required documents and submit
- Wait for the payment voucher to be issued
- Make the payment and receive the license
Cost of Instant License in Dubai
- Payment Voucher: The payment voucher fees accommodates the initial approval fees, application fees, trade name reservation fees, and the license issuance charges. The cost varies depending on the business activities selected but generally starts at around AED 9,000.
- Sponsorship Fees: A local sponsor is mandatory for any mainland license in the UAE. The fees depend on your local sponsor.
Get Started Here
If you are dreaming of starting your own company and carrying it forward with a team of employees under your wing, then consider that dream accomplished. We, Cross Link International, will start your company for you, so you don’t have to!
Cross Link International is one of the best business setup consultants in Dubai and will assist you in company formation, PRO Services, Visa Services, Business License renewal, Trade Licenses, free zone company formation, LLC company formation, Dubai Business Setup, and many more services that entail business formation. Reach out to us through + 971 4321 6631 / + 971 55 744 6445 or fill-in this form to get a free consultation from us.
