arabtoday
Last Updated : GMT 09:56:11
Arab Today, arab today
Arab Today, arab today

Investors hail instant trade licence move

Arab Today, arab today

Arab Today, arab today Investors hail instant trade licence move

Dubai - Arabstoday

Dubai government’s plan to issue ‘120 days hassle free licence’ is a good initiative for investors and more details are eagerly awaited. The Department of Economic Development (DED) will implement the initiative, aimed to give businesses in Dubai a head start and promote the emirate’s competitiveness by the end of 2012. This instant licence is a very good opportunity for new investors and will also help boost business activities in the emirate, but there is a need for one window operation like free zones where the licence is issued and then visas are immediately applied, according to business consultants. Outside free zone, labour computer card and immigration card has to be applied after getting the licence and then Ministry of Labour staff inspect the premises for the first visa, Jitendra Gianchandani, chairman & managing partner, Jitendra Consulting Group, told Khaleej Times. “It takes three to four weeks until first staff is hired, and before staff hiring you cannot start business. Instead of investors moving from one government to another government department, DED should have single window solution,” Gianchandani said. DED said the 120 days licence will allow the businessman to start his business immediately and complete the rest of the licensing requirements, such as approvals from other government authorities concerned, within the next 120 days. Gianchandani suggested that instead of issuing 120 days hassle free licence, all the representative of authorities concerned should have presence under one roof, that is at the DED, and they should clear the licence applications after liaising with all other government representative. Another business consultant said more details are awaited and there is time till the end of 2012. “It’s good, if it’s not limited to low-risk businesses and has wider scope,” Shobha Murray, marketing manager, Index Group, said. A simple trading licence takes one week to ten days and to set-up whole business it takes three to four weeks and in some case it goes to four months, she said. Business activities in Dubai have been categorised as No-Risk, Low Risk and High-Risk for the sake of evaluating the risk component. In 2011, DED issued 14,360 licences. The top ten business activities in Dubai accounted for 12,527 – 24.8 per cent – of the 50,589 activities for which licenses were issued in 2011, compared to a share of 11,733 in a total of 46,287 licensed activities in 2010. ‘General trade’ led the list of the top 10 licensed activities in the commercial category with 1,799 licences issued in 2011, compared to 1,543 licenses in 2010.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today investors hail instant trade licence move Arab Today, arab today investors hail instant trade licence move

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today Holiday magic is everywhere

GMT 13:04 2016 Saturday ,03 December

Holiday magic is everywhere
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today As nearly 20,000 children flee Aleppo

GMT 07:50 2016 Saturday ,03 December

As nearly 20,000 children flee Aleppo
Arab Today, arab today What next after landmark

GMT 09:01 2016 Saturday ,03 December

What next after landmark
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Dino-killing crater shows clues

GMT 14:43 2016 Thursday ,24 November

Dino-killing crater shows clues
Arab Today, arab today For Yazidi women left behind

GMT 08:00 2016 Saturday ,03 December

For Yazidi women left behind
Arab Today, arab today Green groups pressure Spain

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today Austria's race against time

GMT 11:44 2016 Thursday ,01 December

Austria's race against time
Arab Today, arab today Car manufacturers to power Europe

GMT 13:01 2016 Tuesday ,29 November

Car manufacturers to power Europe

GMT 12:45 2016 Tuesday ,29 November

To find German funny bone

GMT 13:52 2016 Monday ,28 November

Punk memorabilia torched

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 12:39 2016 Friday ,25 November

Arctic 9-12C above normal

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:19 2016 Monday ,21 November

New nationalism stoking fears

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday