Friday 11 June 2021
The Executive Council of Dubai has issued directives to reduce government procedures for doing business by 30%.
The move is part of efforts to reduce the cost of doing business, boost economic growth, and consolidate Dubai’s status as a global investment and business destination. The directives will be implemented within the next three months.
This is the latest in a series of initiatives that have included the introduction of several stimulus packages to enhance the sustainability of businesses.
The Council also evaluated various measures being taken to promote economic and business recovery and simplify and reduce procedures for the business sector that will help enhance Dubai’s competitiveness and investment attractiveness.
Dubai will continue to help the business sector overcome any impact from the current situation and unlock new growth opportunities, in addition to launching new initiatives that can accelerate recovery.
This move complements the ‘Invest in Dubai’ platform launched in February 2021 to enable investors to obtain trade licenses and launch their business in only a few minutes. The centralized portal offers commercial licensing services as part of which government permits and approvals can be obtained without the need to visit any service center.
Dubai’s wide-ranging support measures since the onset of the pandemic, especially its five stimulus packages worth AED 7.1 billion, helped the private sector ease financial pressures and reduce operating costs and ensure the impact of the pandemic did not translate into long-term challenges.