‘Invest in Dubai’ records robust growth

  • Date: 11-May-2021
  • Source: Zawya
  • Sector:Economy
  • Country:UAE
  • Who else needs to know?

‘Invest in Dubai’ records robust growth

The innovative platform also issued 3,464 commercial licences and created 9,181 jobs across different economic sectors, reflecting Dubai’s growing position as a leading global business destination for investors and entrepreneurs locally and globally. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched ‘Invest in Dubai’ platform to offer offer a unique business set-up experience backed by Dubai’s advanced smart solutions. The largest one-stop-shop platform of its kind, it enables investors to obtain trade licenses and launch their business in a matter of minutes. “Providing a comprehensive platform covering the entire business cycle, IID assists businesses in searching for opportunities, registering trade names; getting initial approvals to issue a license; ensuring all government requirements are met; and obtaining trade licences,” said Sami Al Qamzi, director-general of Dubai Economy. Referring to the latest data, since the launch of the IID platform in the beginning of February, the total number of business registration and licensing transactions on the platform has reached 5,747. “A total of 3,464 commercial licenses were issued, while 1,448 trade names were reserved. The number of initial approvals provided through the platform was 830 while 275 approvals were