A unified digital registry has been introduced for all businesses in Dubai, as part of efforts to enhance the ease of doing business.
According to the Department of Economy and Tourism (DET), the 'Dubai Unified Licence' (DUL) is a unique commercial identification provided to all businesses in the emirate.
It's issued to existing and newly established entities in Dubai, operating with either a mainland or a free zone licence.
The registry, launched in collaboration with the Dubai Free Zones Council, consolidates all economic establishments in Dubai and its free zones into a single platform for data management, collation and sharing, serving as a reliable single digital information source.
The initiative aims to standardise and streamline Dubai’s business processes in accordance with global best practices, ensuring that the latest company records, including licence details and data, are consistently maintained within the registry.
The 'Dubai Unified Licence' enhances efficiency and reduces the time required for companies to establish and manage their operations.
It ensures greater transparency and ease of access to business-related information, further enhancing Dubai's appeal as a dynamic and trustworthy investment destination.
The DUL also reinforces the compliance framework outlined in the national anti-money laundering and combating the financing of terrorism (AML/CFT) strategy, ensuring the integrity of the UAE economy and the global financial system.
As part of the initiative, establishments will undergo thorough validation, verification and screening by the appropriate authorities in order to receive their unique digital identity.
To date, DET has issued over 50,000 licences, with plans to issue more in the coming period, covering all registered companies in Dubai mainland and in Free Zones.
The initiative provides access to verified DUL data housed in a digital repository, streamlining business verification processes in various interactions.
The issuance of No Objection Certificates (NOCs) and permits for economic activities is simplified through a unified and streamlined process.
Furthermore, the DUL offers unified and verified information about existing businesses, proving advantageous for prospective owners seeking details about operating businesses in the emirate.
Businesses can use their unique DUL QR Code on their premises, websites and social media accounts instead of presenting the traditional trade licence certificates. This QR Code enables government entities, service providers, suppliers and customers to scan and retrieve information about the company.
Looking ahead, the DUL aims to facilitate banks in opening accounts for Dubai-based companies with enhanced ease and efficiency.