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Yesterday was all about facilitating business and investment for Dubai, with the emirate’s government issuing two decisions aimed at improving its investment environment and expediting regulatory procedures.
#1- Getting licensed in Dubai will be smooth(er) sailing from now on: Companies seeking to set up shop in Dubai will now be able to obtain all the licenses needed from a new unified digital platform for establishing companies in the emirate, following a decree fromDubai Ruler Sheikh Mohammed bin Rashid Al Maktoum, according to a statement.
The platform will serve as an integrated channel allowing investors to complete all their registration and licensing procedures, preventing procedure duplication by streamlining the issuance of licenses and permits through a single channel. The platform will enable companies to apply for licenses and obtain them from all relevant regulatory bodies, including the Department of Economy and Tourism, the Dubai International Financial Centre (DIFC), special development zones and freezone authorities.
#2- Dubai’s Executive Council chairman Sheikh Hamdan bin Rashid Al Maktoum also issued a new decision designed to facilitate investment procedures in the emirate, the statement reads. The decision sets out a raft of measures, including streamlining registration on the Invest in Dubai digital platform, unifying digital data registration, providing instant licensing and license renewal, one-step fee payment, and the standardization of procedures, rules and conditions.
