Dubai launches initiative to boost ease of doing business
- Date: 14-Dec-2023
- Source: Gulf Business
- Sector:Financial Services
- Country:UAE
Dubai launches initiative to boost ease of doing business
Image courtesy: Lu ShaoJi/ Getty Images
Dubai’s Department of Economy and Tourism (DET) has launched a unique commercial identification provided to all businesses in the city to streamline business processes.
The Dubai Unified Licence (DUL), as commercial identification is known, is issued to existing and newly established businesses operating with either a mainland or a free zone licence.
The initiative, which was launched in collaboration with the Dubai Free Zones Council, consolidates all economic establishments in Dubai and the emirate’s free zones into a single platform for data management, collation and sharing.
The initiative seeks to standardise and streamline business processes in accordance with global best practices while ensuring that the latest company records are maintained within the registry.
Dubai’s streamlined approach
By simplifying the setup and operational procedures for businesses, DUL enhances efficiency and reduces the time required for companies to establish and manage their operations.
The streamlined process contributes to bolstering Dubai’s competitiveness as a business-friendly destination. DET said such efficiency will boost the city’s attractiveness to foreign investors and entrepreneurs seeking a hassle-free business environment – further cementing Dubai’s status as the Middle East business hub.
Furthermore, the unified digital platform ensures greater transparency and ease of access to business-related information, which will enhance the