Sheikh Mohammed launches unified platform for business setup

Dubai: Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No. (13) of 2024, introducing the Unified Digital Platform for establishing companies in Dubai.

Dubai, under the visionary leadership of Sheikh Mohammed, is taking strides to foster economic growth and streamline business processes. The recent decree signifies the emirate's vision to facilitating business operations and attracting investments.

The newly launched platform integrates various licensing processes across Dubai, including those managed by the Department of Economy and Tourism, special development zones and free zones like the Dubai International Financial Centre (DIFC). This integration aims to enhance the investor experience by providing a seamless channel for accessing information and obtaining licenses.

The decree aims to regulate the issuance of licenses, permits and approvals to ensure clarity and simplicity for investors. By addressing obstacles in setting up or operating businesses, it seeks to foster a conducive environment for entrepreneurship and innovation.

Aligned with Dubai's vision to become a digital economy hub, the decree emphasizes electronic integration among licensing departments and key entities. This integration eliminates duplication of procedures and accelerates Dubai's digital transformation journey.

In tandem with the decree, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum issued Resolution No. (5) of 2024, endorsing key principles to facilitate the investor's journey in Dubai. These principles underscore the commitment of Dubai's leadership to prioritize investor-friendly initiatives.

The resolution introduces several measures to enhance the investor experience, including seamless registration on the 'Invest in Dubai' digital platform, unified data registration, instant licensing and renewal, streamlined requirements and standardized procedures.