Dubai Department of Economic Development completed 33,874 automatic renewal transactions for commercial licenses during the first four months of 2020, accounting for 68% of the total renewal transactions during the aforementioned period, which amounted to 49,997. According to the Emirates News Agency, the renewed licenses were automatically distributed according to the activity, led by commercial activities at 73%, and then professional at 24%. The report issued by the commercial licensing and registration sector showed that the automatic renewal transactions witnessed a growth of 62% during the first four months of 2020, compared to the same period in 2019 Which has witnessed automatic renewal of about 21,041 transactions. Dubai Economic Department called on various business sectors to benefit from the economic incentives package launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, on March 12 The past, to support companies and the business sector in Dubai, which made the process of renewing and obtaining licenses more easy and flexible, so that the package allows, renewing commercial licenses without mandatory renewal of lease contracts, to facilitate the conduct of business and ease government requirements, in addition to offering the option of easy 12-month installments for fees Renewal without a down payment.
The demand for automatic renewal service also reflects the progress made in efforts to implement the Dubai strategy of a paper city by 2021, where the service is an opportunity for different categories of dealers In completing their transactions and paying the required amounts without the need for paperwork, which helps to raise customer satisfaction and facilitate their transactions, and provide time to complete them smoothly in the Emirate of Dubai.
Through the automatic renewal service, the process of renewing commercial licenses has been simplified and developed, as the license holder only has to take one step, which is to send the license number to be renewed to 6969 , And the payment authorization is sent via text to the customer, and then he can pay the fees at any of the manual or electronic payment outlets through the link provided in the text message in one step without any visits or any paper transactions.
The report issued by the commercial licensing and registration sector showed that limited liability companies topped the list of legal form of renewed licenses automatically during the first four months of 2020, followed by an individual institution, then Civil works .. Legal forms also included each of a limited liability company - one person / LLC., A branch of a company ...