Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai introduces hassle free licensing system to attract investors  Join our daily free Newsletter

MENAFN - Arab News - 30/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Do you wish to start a business in dubai? then you may start it immediately. no need to wait to complete your licensing formalities. the investor may complete the rest of the licensing requirements such as approvals from other government authorities concerned within the next 120 days.

the system which is known as '120 days hassle free license' is part of smart services.

'this will be implemented from may 15" department of economic development (ded) officials told a press conference.

'this is in line with the dubai smart government. the initiative aims to transform dubai into the smartest city in the world through 100 targeted initiatives and 1000 smart services which will improve quality of living in dubai."

the 120 days hassle-free license allows the businessman to start his business immediately and complete the rest of the licensing requirements within the next 120 days. ded issues the license depending on the risk factors of the intended business activity.

however government authorities are entitled to ensure full compliance of the license holder to the license criteria on day 121.

the ded in partnership with other government authorities has also announced the automation of the memorandum of association.

with the electronic memorandum of association for partnership companies one of the partners can register online and enter all details of other partners following which the system will contact each partner with a brief description of the license.

once all partners confirm their application electronically the system will ask each of them to use their 'my id' username and password to log in to their respective account to approve the memorandum of association. the ejari number should be entered to generate the payment voucher and the license will appear on the smart phone as soon as the payment is completed.

'we are progressively bringing our service delivery on to a smart platform and have already launched smart applications such as sallety which is the first of its kind in the region. such initiatives also show that the private and public sectors can work together and align their strategies to ensure competitiveness and added value to customers" said sami al-qamzi director general of ded.

'we thank all related government authorities for the co-operation extended to our smart initiatives" he added.

the officials also stated that a comprehensive guidebook on starting business in dubai will be made available on ded website which will make it easier for investors to start and do business in dubai.

different department heads addressed the media during the press conference.


 






  MENA News Headlines
 Aug 30 2014 - Syrian rebels attack peacekeepers in Golan HeightsArab News
(MENAFN - Arab News) BEIRUT: Clashes erupted between Al-Qaeda-linked Syrian rebels and UN peacekeepers in the Golan Heights on Saturday after the militants surrounded their encampment activists and ...

 Aug 30 2014 - World's first digital currency from Ecuador central bankArab News
(MENAFN - Arab News) QUITO: Ecuador is planning to create what it calls the world's first digital currency issued by a central bank which some analysts believe could be a first step toward abandoning ...

 Aug 30 2014 - Japan's 'Golden Bolt': 103-year-old challenges world's fastest manArab News
(MENAFN - Arab News) KYOTO Japan: Closing in on his 104th birthday a twinkle-toed Japanese sprinter has thrown down the challenge to the world's fastest man Usain Bolt telling him: 'let's ...

 Aug 30 2014 - Cricket: Sri Lanka overpower Pakistan to win ODI seriesArab News
(MENAFN - Arab News) DAMBULLA: Seamer Thisara Perera claimed 4-34 and Tillakartane Dilshan hit an unbeaten 50 as Sri Lanka trounced Pakistan by seven wickets in the final one-dayer on Saturday to ...

 Aug 30 2014 - EU's Barroso warns Ukraine crisis near 'point of no return'Arab News
(MENAFN - Arab News) BRUSSELS: EU Commission head Jose Manual Barroso warned on Saturday that the crisis in Ukraine was reaching the point of no return after reports Russian troops were fighting in ...

 Aug 30 2014 - Egypt court gives 8 Brotherhood leaders life sentencesArab News
(MENAFN - Arab News) CAIRO: A Cairo court has sentenced Muslim Brotherhood spiritual leader Mohammed Badie and seven others to life in prison on charges of planning riots murder and sabotage Egypt's ...

 Aug 30 2014 - Various projects enhance tourist potential in DuqmMuscat Daily
(MENAFN - Muscat Daily) The Special Economic Zone at Duqm is witnessing implementation of many tourism projects that strengthen the potentials of the zone to attract tourists and ...

 Aug 30 2014 - Ruthless activities of IS 'against islamic principles'Arab News
(MENAFN - Arab News) KOZHIKODE: The ISIS or their self proclaimed Khalifates/Islamic state does not represent Islam by any means Sheikh Aboobacker Ahmed general secretary of All India Sunni ...

 Aug 30 2014 - Back to school: Students aim to scale new heightsArab News
(MENAFN - Arab News) An estimated 5.6 million boys and girls will go to school in the Kingdom when schools reopen after the summer and Ramadan vacations on Sunday.In a statement to the Saudi Press ...

 Aug 30 2014 - Al-Asheikh: Name and shame fraudstersArab News
(MENAFN - Arab News) Grand Mufti Abdul Aziz Al-Asheikh called for drafting a list of those who are involved in forging real estate deeds valued at SR400 billion. 'Their names should be made public to ...

more...


 






Google

menafn.com

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help