Instant trade licences in Dubai

The Dubai Department of Economic Development (DED) is planning to issue instant trade lic-ences to investors under a new ‘120 days hassle free licence' initiative that will be launched this year.
The move, which will allow investors to have their licences issued immediately, will drastically simplify the investment and business registration process, depending on the risk factors of the intended business activity.

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The 120-day licence is part of DED's efforts to enable businesses to make full use of the advantages of Dubai and improve the emirate's ranking in the Doing Business Report of the World Bank

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Mohammad Shael, Chief Executive Officer of the Business Registration and Licensing (BRL) Division at

The UAE has improved its rank in Ease of Doing Business to 33 in 2012, up from 35 in 2011, under the World Bank's annual Doing Business report. DED said the scheme is aimed "to give businesses in Dubai a head start and promote the emirate's competitiveness".
"It is critical today that we ensure that the key sectors of our economy — trade, logistics, finance, knowledge sector, tourism, retail, and manufacturing and industry — are made even stronger and more competitive in this globalised age," Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai, said.