In line with the Dubai Smart Government services, a system which is known as ‘120 days hassle free license’ has been introduced to be implemented from 15 May 2014. The investor may now start the business immediately and complete the rest of the licensing requirements within the next 120 days. However, government authorities are entitled to ensure full compliance of the license holder to the license criteria on expiry of 120 days.
The Department of Economic Development in partnership with other government authorities has also announced the automation of the Memorandum of Association. One of the partners can register online and the other partners shall be contacted to confirm their application electronically following which they can approve the Memorandum of Association online.
