What is the 'Invest in Dubai' Platform?

Sheikh Mohammed bin Rashid Al Maktoum, His Highness, the Ruler of Dubai, announced the launch of "Invest in Dubai" on February 9, 2021.

The largest one-stop-shop platform allows investors to obtain trade licenses and launch their business quickly in a matter of minutes. Under this digital platform, several local and federal entities and banks complete all transactions and set up a business.

The digital platforms help and guides entrepreneurs to open a business either in a free zone or mainland Dubai in different sectors, including technology, finance, agriculture and food, advanced manufacturing, entertainment and media, Islamic economy, healthcare, energy, electronics, professional services, and maritime.

The platform also provides information about visas, residency, and funding opportunities and shares stories of successful business people.

Key Features of the Invest in Dubai Platform

The primary features are as follows:

• It is the first integrated digital portal

• It is the most trusted and largest platform which serves more than 2,000 businesses in the Emirates, including free zone
• It requires very less time to obtain a commercial license in Dubai
• With standardized procedures and processes, the platform allows services and transactions to be completed without visiting service centres
• The portal features valuable services such as issuing an establishment card, opening a bank account, and other services to facilitate a company incorporation
• Interactive tools offered through the 'Dubai Business Map' feature provide investors with information on the best commercial opportunities by geographical location
• This tool helps investors to select the ideal free zone based on the requirements and proper information on every free zone's proposition in terms of value.

Why Should You Invest in Dubai?

Here are the following reasons:

• Resilient and Dynamic Economy - A diversified economy bolstered by strong economic fundamentals
• Empowering Institutions - Advocates future-ready regulations and lead the region in governance, government effectiveness, and efficiency
• Business Made Easy
• Cutting-Edge Infrastructure
• A Magnet for Talent - Boasts the highest percentage of talented foreign labour force globally with an exceptional standard of living
• Connecting Worlds.

What Does the Portal Provide to Investors in Dubai?

Here are the facilities provided:

1. A Centralized Portal

'Invest in Dubai' serves as a centralized hub for conducting business in the Emirate. It provides the user with several services, such as business licensing.

There is less need to physically visit any service centre because permits and approvals from the government can be received from a centralized platform.

Apart from providing a hassle-free procedure for business setup in Dubai, the platform allows sector reports and statistics on foreign direct investment. It enables investors to gain insights into investment opportunities (or projections for important sectors), information on investment opportunities in commercial zones (or free zones), competitiveness assessments, locations of businesses in the Emirates, key economic sectors, and the cost of business incubation (FDI).

2. A Comprehensive Experience

The platform offers a thorough experience to help company owners and investors set up shop in Dubai. Services it provides span with the full business cycle, assist businesses in searching for opportunities, registering trade names, obtaining initial approvals to issue a license, securing all government requirements, and obtaining trade licenses.

The platform enables a selection of bundles and value-added services to streamline the beginning of business projects.

These include allocating labour quotas, opening a ticket at the Ministry of Human Resources and Emiratization, opening a ticket for the new enterprise as required by the Federal Authority for Identity and Citizenship, notarizing a rental contract by the Real Estate Registration Department, notarizing the establishment contract by the Department of Economic Development, and obtaining a membership in the Dubai Chamber of Commerce and Industry.

It is an integrated, seamless, and customer-centred portal. By eliminating the need for users to physically visit service centres and minimizing the paperwork necessary to establish businesses, the digital approach saves consumers time and effort. The platform also gives customers access to a customized dashboard that gives them a glimpse of their partners, licenses, KPIs, and other important information.

With a futuristic mindset, Dubai has set a path to change its business climate and become the top destination for investors globally.

Dubai has earned its top spot as the top location for FDI thanks to its efforts to simplify regulations, foster innovation and digitization, offer world-class logistics and infrastructure, and develop human capital.

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