As part of the Dubai Economic Agenda D33, which plans to double Dubai’s economy by 2033, the Dubai Business Registration and Licensing Corporation (DBLC) has started several new programs to make starting a business in Dubai simpler.

These include quick access to telecom, utility, and financial services within 72 hours of applying, making Dubai a global business center.

Streamlined Business Setup through the Dubai Unified Licence (DUL)
This one of the key initiatives proposed by D33 has really been a game-changer for companies. DBLC tied up with five major banks, including Emirates NBD, Dubai Commercial Bank, FAB, Ruya Bank, and EDB, which has streamlined the process of opening a business bank account within a few hours. Currently, SMEs and investors can get banking services within 72 hours after business setup in Dubai.

Among the above trends, and possibly others, is placing Dubai at an even higher pedestal for entrepreneurs that would like to set or expand their operations. The delivery of services under DUL initiative at a very fast pace gives business people ample time to deliver growth and scale operations rather than doing paperwork.

Instant Access to Utilities and Telecom Services
Through financial services, the D33 Agenda has also increased access to utilities and telecom services. Through du, the second telecom company of Dubai, businesses find it easier to get connected thus to easily set up communication channels. Similarly, the DUL now connects to the Dubai Electricity and Water Authority (DEWA), therefore, SMEs and investors can have immediate access to utilities.

These improvements were announced during the Gitex Global Technology Exhibition at the Dubai World Trade Centre, a platform where Dubai continues to showcase its leadership in digital transformation and business facilitation. The integration of utility and telecom services into the business setup process further emphasizes Dubai’s commitment to creating a smooth operational environment for entrepreneurs.

Driving Economic Growth and Global Competitiveness
The introduction of faster business-related services through the DUL is part of the broader Dubai Economic Agenda D33, which aims to solidify Dubai’s position as a global center for business and leisure. With over 600,000 active DULs across mainland Dubai and free zones, these initiatives are helping SMEs and investors tap into the full potential of business in Dubai.

By streamlining access to essential services, the D33 Agenda is facilitating faster time-to-market for businesses, allowing them to start operations and generate revenue more quickly. This not only enhances Dubai’s competitiveness on the global stage but also aligns with the government’s goal to double the size of the economy in the next decade.

How Arnifi Can Help
Arnifi, a trusted corporate solutions provider, is here to help SMEs and investors navigate the streamlined business setup in Dubai under the DUL initiative. From securing licenses and setting up bank accounts to connecting businesses with essential services like utilities and telecom, Arnifi provides end-to-end support.

With our expertise in business setup in Dubai, we ensure that your journey is smooth, efficient, and compliant with all regulatory requirements. Let Arnifi guide you through Dubai’s evolving business landscape and take advantage of the opportunities created by the D33 Agenda. For more information on how we can help, visit Arnifi.

By partnering with Arnifi, businesses can seamlessly integrate into Dubai’s thriving economy and tap into the benefits of its pro-business environment

Also Read: GITEX 2024: The Ultimate Tech Event Experience