What is the Instant license?
An Instant Trade License is a license that can be obtained within one working day in Dubai. Instant License doesn’t require any prior Ejari Certificate or Office Lease Agreement or even external approval for the first year. Professional and Commercial Licenses can be issued with just simple steps :
1. Determine your Business Activity.
2. Choose the number of Shareholder/s, Manager or Owner.
3. Identify Company’s Legal Form such as if its L.L.C., Civil Company, Single Owner L.L.C. (SO L.L.C.) or a Sole Establishment.
3. Complete Ultimate Beneficial Owner Details and Shares %.
4. Reserve your Company’s Trade name.
5. Pay the Fee & Issue the License.
From where the Instant License is issued?
The Instant License is issued from the Department of Economic & Tourism (DET), Dubai Mainland.
What are the requirements for an Instant License?
Any Business Activity which is non-regulated, means must not require any External Approval or Third Party Approval, with the exception of activities that require the approval of Dubai Municipality Food Safety / Environment Department after License issuance.
Is there any requirement for Partners / Individuals? Is their Physical Presence required to make the license?
All the Shareholder/s or Partners in the License must be natural persons of age above 21. There is no physical presence required of the shareholders for the License Registration or issuance.
How is it submitted?
Investors can apply for the Instant License through the Invest in Dubai platform or by visiting any nearest Department of Economic & Tourism (DET).
Is it possible to issue an Instant License for all legal forms?
Instant License can be issued in four Legal Forms i.e. (Sole Establishment (100% One Owner), a Civil Company (2 and more Shareholders), an LLC (Limited Liability Company) & One-Person Company LLC (100% Foreign Ownership LLC)
Since there is no physical location, is it possible to issue an establishment card, appoint employees, and open a bank account?
Without the actual office for the first year also, yes, the company can obtain the Establishment Card from GDRFA – Immigration Department, can Issue Employment Visas to the staff in Dubai and have a Corporate Bank Account anywhere in the UAE.
How much does an Instant License Cost?
Well, Instant License as compared will cost less as it saves the hassle of the documents clearance, pre-approvals or external approvals. Depending upon the Business activity, its legal form and number of shareholder/s the cost varies. Instant License starts from AED. 4,000.
What is the Validity of an Instant License?
The Validity of an Instant License is 1 year.
To Know More, please contact us or request a CALL BACK from our Business-Setup Advisors.