Dubai, a global business hub and a center of innovation, is set to revolutionize the process of company formation to facilitate commercial activities. With the recent issuance of Decree No. 13 of 2024 by HH Mohammed bin Rashid Al Maktoum, the city witnessed a strategic shift towards a unified digital platform for foreign businesses to establish companies here. Dubai continues to attract global businesses with its investor-friendly environment. The process of company formation in Dubai has now been digitized, and forward-thinking entities are seeking professional support to get their establishments registered in the city.
The establishment of the “Invest in Dubai” digital platform forms the core of this decree. This is a revolutionary initiative that can simplify and streamline the process of establishing businesses in the Emirates. Dubai is all set to leverage digital solutions to do away with administrative hurdles and thereby drive efficiency. This, in turn, will result in a greater influx of domestic and overseas investments.
The Significance of the Decree
Beyond streamlining the administrative procedure during company registration, the decree signifies the commitment of Dubai to embrace digital transformation. It serves as a catalyst for economic sustainability and prosperity. The digital platform is a gateway for investors, offering a seamless experience from initial inquiries to obtaining necessary licenses and permits.
The integration of this degree within the existing legal framework in Dubai makes it particularly impactful. The decree syncs with established laws governing economic activities and introduces a modernized process to boost business activities.
Objectives of the "Invest In Dubai" Platform
One of the key objectives of the “Invest in Dubai” platform is to create a conducive environment for startups, entrepreneurs, and established businesses. The platform will simplify the company formation process to encourage entrepreneurial ventures which will also foster innovation and lead to a greater number of job creation. This will significantly contribute to the efforts of the Emirates to diversify its economic activities.
The emphasis of the decree on Digitization also reflects the vision of Dubai to emerge as a global leader in technology. As Dubai embraces this sophisticated digital platform, it positions itself as a commercial hub to nurture a booming business ecosystem.
Moreover, Decree No. 13 focuses on collaboration and coordination among various government entities. For investors, this collaborative approach ensures a cohesive and streamlined experience. Besides ensuring transparency and reducing duplication, the streamlined approach minimizes administrative hurdles while setting up businesses in Dubai.
The digital platform will attract investments across various sectors to drive economic growth and foster sustainable development.
Professional support for setting up a business in Dubai
As Dubai continues to position itself as a preferred investment hub, foreign businesses will be looking forward to expanding their activities to the global business hotspot. Considering the challenges involved in the process, forward-thinking companies seek professional support from established business setup consultants in Dubai, like the IMC Group. Working closely with the experts, new businesses can establish their identity in the competitive environment with confidence.
