Start-ups would greatly benefit from reduced official procedures

Start-ups would greatly benefit from reduced official procedures

Start-ups would greatly benefit from reduced official procedures

3 hours ago

Exhibitors and visitors at the Career UAE fair in Dubai. The move will also help existing businesses in cost savings.

Inayat-ur-Rahman, Business Editor

Dubai has announced another major initiative to boost entrepreneurship in the emirate in the direction of ease of doing business, slashing  the amount of government procedures to start a business almost by a third.

The business community in the UAE has warmly welcomed this great move, adding that it would further strengthen the business ambiance in the City of Wonders and would draw more local and global investors.

Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, issued this directive at an Executive Council meeting attended by Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai and First Deputy Chairman of the Executive Council, along with senior officials.

"We have made significant progress in strengthening Dubai's economic recovery,“ Sheikh Hamdan said. "Normal life has resumed and the increased stability of businesses will help raise the sustainability of Dubai's economy. We are determined to further support businesses and deepen the confidence of investors as part of ensuring a win-win