His Highness praises the efforts made to position Dubai as a leading global destination for business
H.H. Hamdan bin Mohammed:
The directions of H.H. Mohammed bin Rashid have been put into practice and we guarantee his vision for Dubai to be a global destination for business will be fulfilled
The "Invest in Dubai" team will continue to work on implementing the directives of H.H. Mohammed bin Rashid, under the supervision of H.H. Maktoum bin Mohammed, to standardize, facilitate and accelerate all procedures
"Invest in Dubai" will strengthen the emirate's position as a leading global destination for investment, reaffirming Dubai’s vision of creating one interconnected government
I would like to thank, Maktoum bin Mohammed, for his continuous efforts in leading the project team and applaud the team behind the ‘Invest in Dubai’ platform, which brings together more than 20 governmental entities.
Platform features:
First integrated digital platform for setting up a business in Dubai
Requires a few minutes only to obtain commercial licenses in Dubai
Largest integrated and trusted platform with over 2,000 businesses in the emirate including the free zones
Standardized procedural processes and completion of services and transactions without the need to visit service centers
Value-added services such as opening a bank account, issuing a establishment card, and many additional services to facilitate the establishment of companies
Interactive tools to guide the investor regarding the most desired commercial activities according to geographical locations through the Dubai Business Map
An interactive tool to suggest the ideal free zone to operate based on investors requirement along with comprehensive information on all value proposition on each free zone offers
Dubai, 02 February 2021 – His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, and Ruler of Dubai, chaired The Executive Council of Dubai meeting to launch the ‘Invest in Dubai’ platform. His Highness commended the Dubai government team led by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and First Deputy Chairman of the Executive Council. H.H. directed that Dubai becomes the leading global destination for business and that all efforts should be placed in achieving this vision.
His Highness, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, confirmed that Dubai has laid clear and solid foundations for the growth and stimulation of its economy, under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. This has boosted its capacity to meet rapidly changing conditions and established itself as an economic powerhouse in the region and the world. Dubai offers investors an attractive environment, where all the components for business success and continuity are readily available – granting it the agility to adapt to any challenges and transforming them into opportunities. Despite the current global events, Dubai has demonstrated impressive capabilities of its digital infrastructure, established two decades ago, in utilizing advanced technologies in developing effective economic solutions that can meet investors’ and entrepreneurs’ aspirations.
Building on this vision, His Highness Sheikh Mohammed bin Rashid Al Maktoum - Vice President and Prime Minister of the UAE and Ruler of Dubai chaired the meeting of The Executive Council of Dubai today, at the Mohammed Bin Rashid Al Maktoum Solar Park, in the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum to launch "Invest in Dubai" platform, which offers a unique experience for starting a business, in line with Dubai’s smart environment. It is the largest one-stop-shop platform where investors can obtain trade licenses and launch their business easily and in a matter of minutes.
“Our ambitions in Dubai are boundless; they embody the bold vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, and strive to ensure the sustainability of the emirate’s economy and its global competitiveness across every sector,” H.H. Sheikh Hamdan bin Mohammed emphasized. “The confidence that international investors have placed in our emirate stems from its agile economy, solid legislative environment, and robust, investor-friendly infrastructure. Dubai is a city that is constantly renewing itself, offering fertile ground for investors from all nationalities. It has successfully designed an integrated investment ecosystem that is rooted in advanced technology, committed to constant development, and designed to support economic growth and efficiency.”
His Highness also expressed his gratitude for the concerted efforts of all government agencies working as a united government team under the leadership of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, and for his support in creating opportunities that meet the aspirations of investors, by launching a specialized platform that consolidates the emirate’s position and embodies its leadership in adopting smart solutions to support the investment environment. His Highness directed government teams to continue working towards unifying and facilitating procedures and accelerating them in a way that serves investors and entrepreneurs and makes Dubai the best and easiest city to invest and do business.
Centralized Portal
‘Invest in Dubai’ is an integrated portal for doing business in the emirate. It offers users various services, including commercial licensing, where government permits and approvals can be acquired from a centralized platform, eliminating the need to physically visit any service center. There are also packages and value-added services to be availed, which enable launching commercial projects.
The platform allows investors to gain insight into investment opportunities (or projections for key developmental sectors), in addition to introducing them to a step-by-step process of establishing a business in Dubai; the investment options available in commercial zones (or free zones); details about competitiveness; information on locations of businesses in the city, spread by industry sector; data on key economic sectors; the cost of incubating businesses; sector reports; statistics on foreign direct investment (FDI); and much more.
Comprehensive Experience
‘Invest in Dubai’ is the comprehensive platform that investors and entrepreneurs need to set up a business in Dubai. Its services cover the entire business cycle, from searching for the right opportunity; to registering the trade name; obtaining initial approvals to issue a license; ensuring requirements of all relevant government bodies are met; all the way to acquiring the trade license.
Furthermore, the platform offers a range of packages and value-added services to facilitate launching commercial projects. These include opening a ticket for the new establishment, as required by the Federal Authority for Identity and Citizenship, as well as allocating labor quotas, opening a ticket at the Ministry of Human Resources and Emiratization, notarizing the establishment contract by the Department of Economic Development, notarizing a rental contract by the Real Estate Registration Department, and obtaining a membership in the Dubai Chamber of Commerce and Industry.
The ‘Invest in Dubai’ platform allows investors to access information regarding the requirements, conditions, and fees for issuing trade licenses in Dubai for more than 2,000 commercial activities. They can also immediately obtain licenses for their companies, as well as other commercial licenses. The seamless, integrated, and customer-centered digital process allows users to save time and effort, sparing them the need to physically visit service centers, and cutting down on the paperwork required to establish companies. The platform also allows them to manage their business using a personalized dashboard that provides an overview of partners, licenses, KPIs, and other useful insights.
Dubai encourages investors from around the world to set up their headquarters in the emirate, offering a safe home both for their companies and their families through the dedicated investor visa program. The ‘Invest in Dubai’ platform also provides information about the advantages Dubai offers, with its business-friendly regulatory environment and advanced technologies that boost investors’ opportunities for growth. For years, the emirate has been a launchpad for prominent investors and promising ventures that went on to become exceptional success stories, such as Souq.com and Careem, among many others.
Teamwork
The ‘Invest in Dubai’ platform was developed by Smart Dubai and the Dubai Department of Economic Development (DED), under the supervision of the General Secretariat of the Executive Council of Dubai. A team of more than 70 members, representing more than 20 local and federal government entities, was assembled and worked in direct coordination with the private sector – the strategic partner for all economic development efforts in the emirate.
The local and federal entities include the Ministry of Human Resources and Emiratisation, Ministry of Economy, Dubai Free Zones Council, Security Apparatus Department, Dubai Police; Directorate General of Dubai Civil Defense; Dubai Civil Aviation Authority, Dubai Customs, Dubai Municipality, Land Department, Community Development Authority; Security Industry Regulatory Agency; Dubai Health Authority; Roads and Transport Authority, Dubai Sports Council, Department of Tourism and Commerce Marketing; Department of Islamic Affairs and Charitable Activities; Dubai Courts; Knowledge and Human Development Authority; General Directorate of Residency and Foreigners Affairs.
The team worked together for a period of four months, putting in more than 80,000 working hours to develop a comprehensive and integrated platform that is up to Dubai’s standard as an attractive destination for investment and ambition. The Dubai Department of Economic Development will be administering the platform, which can be accessed on invest.dubai.ae
