All You Need to Know About Instant Business License in Dubai?

Licensing is one of the most often asked questions by newcomers to the UAE. The process of business license in dubai, UAE appears complicated to the layperson, particularly due to the plethora of licenses required for different purposes.

There are specialist licenses and express licenses in addition to the traditional license categories of commercial, industrial, and professional. In Dubai, one such choice is the Instant License. The Instant License is a trade license that can be issued in minutes and is open to those conducting industrial or professional business practices. Instant business licenses in Dubai can be processed via a government-created digital platform, and instant business licenses can be granted in as little as 5-10 minutes. 

But what is exactly an Instant license, why do you need it and how? Let’s understand all aspects in detail.

What is the Instant Business License in Dubai?

The UAE government launched the Instant License facility in Dubai in July 2017, allowing businesspeople to receive a trade license (commercial or professional) in only one move and within five minutes. The Dubai Instance License is a type of professional or commercial license that can be issued quickly and without the need for normal permits and paperwork. That means you do not need to file your business name, create a Memorandum of Association, or sign a rental agreement when applying for an Instant License. 

Why UAE Instant License is Beneficial? 

Depending on the nature of your business and the paperwork and approval conditions specific to your industry, obtaining a commercial or technical license may take two days or longer. On the other hand, the Dubai instant license allows you to get your Company license in UAE in a matter of minutes and with fewer conditions. Here’s a quick look at the advantages of getting an Instant business license in the Dubai, UAE: 

• Time-Saving

• Hassle-Free

• Less Paper Work

• Cost-Effective

• Opportunity to Explore Market

• Award-Winning Service

Who Can Apply For UAE Instant License?

Aside from private-public shareholding companies, anybody, even general trading organizations, can apply for an Instant License for business setup in Dubai. The following legal systems are granted instant licenses;

• Limited Liability Company

• One Person Limited Liability Company

• Sole Proprietorship

• Civil Company

However, you must note that in Dubai, instant licenses can only be granted for operations that do not need any external approvals. Such as additional approvals from other government departments or government-approved entities are required as external approvals. 

How Do You Apply For UAE Instant License?

To obtain an instant license, the process is quite easy. All you need to do is take a few steps that are as following: 

1. Choose a legal form (business structure and legal entity)

2. Select a business activity from the list of options

3. Choose the company’s shareholding arrangement

4. Choose from three different trade names

5. Decide on the company’s share capital

6. Fill out all of the required paperwork

7. Submit the required documents

8. A payment voucher will be issued 

9. Make the payment 

10. Receive the Instant Licence

Keep in mind when applying for an instant license, all shareholders must be present.

What are the Required Documents for UAE Instant License? 

The documentation requirements for an Instant License are minimal. You just need to include your ID to build an account before completing the process while submitting online via the e-channel portal. If you apply at a service center, you will need the following documents:

• Copy of all shareholders’ passports

• Residence visa copy and an Emirates ID

• NOC from their new sponsor/employer (if needed for foreign shareholder)

• Copies of the Local Sponsor’s passport and Emirates ID card

Does it seem to be straightforward? Having said that, you must remember that it may require advanced procedure expertise. Plus, the licensing process is only simple if the license application is complete and error-free at the time of submission. As a result, make sure you’re well-informed and on the correct track as you go through the procedure.

Still Not Sure How to Do? We will Assist You!

Make My Firm is a network that will assist you in company formation in Dubai. We will also help you secure an instant license in Dubai and advise you on your specific incorporation’s appropriate approach and activities. Experts from MMF will also serve as your secure local supporter for the instant license, ensuring that you have complete ownership and management over the business. For more information, feel free to contact us on +971 52 673 9777 or write us at infommf@makemyfirm.ae.