A new initiative has been launch by the Department of Economic Development doctorate that may enable homeowners to renew their business licenses mechanically through an easy text message (SMS). The homeowners can simply got to send a text message to ‘6969’ that they’re going to then receive a payment voucher to new their trade license renewal if all the doctorate needs ar consummated. The owner can they need the choice to either pay its fee electronically through the phone or will then visit the closest outlet and manually renew their business licence.

DED hopes that this new initiative can facilitate improve the fight ranking of the UAE within the Doing Business Report of the planet Bank moreover as facilitate folks conduct their Start business in Dubai in an exceedingly a lot of helpful manner.

Almost any variety of business license will be revived through the SMS while not the necessity for any external approvals. associate degree estimate of two,096 business activities will be mechanically revived that account for ninety nine.8 per cent of the licenses below varied legal forms. There ar four styles of licenses that require associate degree external approval from the Roads and Transport Agency (RTA).

Omar Bushahab, corporate executive of Business Registration & Licensing (BRL) Sector in doctorate aforesaid that ever since the launch of this initiative in 2015, they need been following au fait the progress of the SMS services and have are going to be mistreatment feedback and suggestion from its customers so as to assist develop the service.

One of the ways that they followed au fait the service was through a survey given to its customers. it had been unconcealed that ninety per cent of the respondents felt that the service had considerably improved the business license renewal procedures. By making this ‘Hassle Free’ initiative, doctorate is ready to eliminate any problems or challenges investors and business homeowners two-faced, permitting Dubai to become a lot of competitive and move towards achieving property economic development.

The service allows its users to renew their licenses and pay their fee in 2 steps while not the necessity of any work. Bushahab additional that doctorate can endlessly ask for to develop this service to extend client satisfaction and facilitate save time.

70 per cent of DED’s daily transactions revolve round the renewal of trade licenses creating it’s the most important share. different activities provided by the service embody, registration of latest contracts to the licence renewal system in partnership with the important Estate regulatory authority (Rera), creating it easier for investors and businessmen.

One of the ways in which the service has gotten eliminate its obstacles is by have a good cooperative relationship with the govt agencies. These co-operations can assistance will create Dubai one among the foremost ideal locations for conducting business internationally.

The Department of Economic Development (DED) in port has launched a package to create it abundant easier for businesses to clear fines and renew their licences. The package can permit businesses to pay their fees and fines in straightforward instalments, freeze their trade license for a year associated obtain an friendly settlement with EdD on business violations.

The service package is a component of sanctionative businesses to beat obstacles and take pleasure in a credit facility that might permit them to keep up their aggressiveness. EdD had recently exempted firms and business institutions in port from all fines obligatory on them and granted them till the top of 2018 to renew their licences.

The new package permits for the payment of licence renewal fees and accumulated fines through convenient instalments among twelve months. EdD is extending the ability in cooperation with its strategic partner aafaq monotheism Finance and variety of native banks. Business house owners will approach any of the EdD service centres throughout port or visit the EdD web site computer for a lot of details on the ability.

Mohammad Al Shehi, Deputy CEO, company Support Services sector at EdD, said: “The Department of Economic Development is committed to enhancing aggressiveness in port through extending added services that facilitate business house owners continue their activity and sustain their business. Eliminating all obstacles round-faced by firms is very important to develop the economy and build a competitive atmosphere contributive to investment in port.”

Avoid fines
The retail merchant will take pleasure in the instalment if fines and charges are accumulated for over a year. Investors will apply for the fees to not be paid and avoid fines just in case they need to briefly freeze doing business whereas retentive their license.

The release applies to fines issued before April 14, 2018 and for fines issued when this date licence holders will benefit of the supply of friendly settlement and payment in instalments. The retail merchant United Nations agency requests friendly settlement should not have benefited from the other exemptions following the primary fine issued when April 14, 2018. intrinsically licence holders area unit entitled to a fifty per cent reduction within the basic worth of penalties issued for the primary violation.

Al Shehi additional that renewing businesses and giving improved flexibility to businessmen and investors area unit a high priority for EdD. “Facilitating payment of fees and fines additionally as licence renewals can eventually change port to draw in investors and reinforce itself as a world commerce and economic hub.”

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