Apply for an Instant License in Dubai in 2023
Many investors and entrepreneurs keep looking for ways to make smart investments in the UAE. In this regard, they need to obtain a license to run their operations in the country. Since the UAE Authority aims to encourage business set up, introduced the Instant License in Dubai. This document is very important for establishing your company in no time and being able to carry out your tasks smoothly. In this article, you are going to learn everything about the DED Instant License. You will understand its benefits, eligibility, and how to apply for it. Let us observe: 1. What is the Instant License in Dubai? As you probably know, to establish your business in the UAE you need to get a trade license. There are several categories, but the main ones are commercial, professional, tourism, and industrial license. The license should be related to the activities you are going to perform in the UAE with your company. Thus, you have to select carefully the type of license. Moreover, you have to submit documents and go through a process to obtain these documents. Although it is a pretty straightforward process and you can obtain your license in less than 4 weeks, some investors may require to set up their businesses as fast as they can. For this reason, the UAE Government established the new Instant License in Dubai. With the instant license, you can obtain your trade license in just minutes. The whole process is done online and it offers many benefits. Such as eliminating the paperwork and legal formalities you have to go through to obtain the document. However, it is important to understand the eligibility and the process to know if you can apply for it. 2. What are the benefits of applying for an Instant License in Dubai? The Instant License in Dubai has some differences from the traditional application process for a Trade License. It has many benefits for investors and entrepreneurs, and for this reason, it is gaining more popularity. The advantages it offers are the following: Easy application process Fast issuance since it only takes minutes to apply No need for going through complicated processes like obtaining a tenancy contract or Ejari. You do not need to lease office space to apply for the first year of operation You are allowed to run your business from a virtual office for the first year Minimal documentation No need for external approvals It is not mandatory to register your trade name It is a cost-effective business setup process You do not need to prepare the company’s statutory documents 3. Which documents do you need for an Instant License? Once you understand all the benefits that the instant license can give you, it is also important to know what documents you will need to apply. But, keep in mind that you also have to check the Instant License in Dubai activities, to confirm that you are eligible to apply. When it comes to the documentation needed, it depends on the channel you are going to use to apply. This is because you can apply online or in person. Here we have the documents you will need for each case: 3.1 Documents for the Instant license applying online The DED has an e-Service platform from which you can carry out several activities without needing to attend the site in person. In case you are considering getting the e-Trader License in Dubai you will need the following document: Original Emirates ID This is the only document you will need to start your application. With the Emirates ID, you will create an account and after that, you will receive a UAE Pass. This is in case you do not have an existing account. If you already have an account you can skip this process and start the application. 3.2 Documents for the Instant License Applying in person Although one of the advantages of the Instant License is that it gives you the option to apply online, you can also do it in person. Perhaps you want to get assistance in the process, and the best part is that you have many options. You could go to Service Centers, Happiness Loungers, or Smart Lounge, to start your application. At least one of the partners must be present to apply for the license. In this regard, the documents you will need are the following: Passport copy for each shareholder and manager Copy of UAE Residency Visa for foreign partners Emirates ID of foreign partners UAE Visit Visa copy for foreign partners if they do not have residency NOC (if applies) The local sponsor should present his/her passport copy and Emirates ID In case you are going to apply for General Trading, you do not need to submit the NOC. 4. How can you apply for the Instant License? Applying for an Instant License is a very simple process. It is even more straightforward than the traditional process. 4.1 Business activity The first thing you have to do is check the DED Instant License activities. If your type of company and business activity is eligible for application, then you can start. It is important to check this first so you do not start the process and later realize you are not eligible. 4.2 Select the legal structure Determine the type of legal entity you want to incorporate in the UAE. Keep in mind that you could only select an LLC, LLC-SO, Civil Company, or Sole Proprietorship to apply for this license. During this step, you also have to consider the share capital of your company and the shareholding structure. 4.3 Trade name Select at least three trade name options for your business. Make sure to follow the guidelines established by the UAE, so you cannot include initials or religious references in your company’s name. 4.4 Complete the application Provide the required information in the application and complete it carefully before submitting it. You also have to submit the required documentation. 4.5 Make the
