posted on 24/10/2012: 507 views
The UAE was also ranked 22 globally, compared to 46 in 2012, and first in the Arab world in ease of starting a business in 2013.
Moving higher up in the rankings mark the successful outcome of the exemplary procedures being put in place by the UAE to facilitate doing business and enhance competitiveness. The World Bank has also adopted the business registration and licensing procedures in Dubai as the standard for the ease of starting a business in the UAE and the Department of Economic Development in Dubai (DED) applies best practices to build on those procedures.
The Doing Business Report relies on 10 key indicators including the ease of starting a business. Business start-up in Dubai has witnessed steady growth during the past consecutive two years due to the various landmark initiatives progressively being launched by DED.
DED initiatives are designed and implemented as per the directives of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum , to provide an ideal climate conducive for investment and business in line with international standards and in a way that enhances economic growth and the global position of Dubai.
A key initiative of DED in this regard was automating the traditional business registration process to by 95 per cent, and integrating it with the electronic platforms of the federal and local government concerned to reduce time and effort for investors and business owners.
DED has also strengthened its co-operation with the private sector through outsourcing the services of the Business Registration '&' Licensing Sector (BRL) to selected law firms and private companies capable of providing such services to customers over extended hours.
The business ranking also comes at a time when a team, headed by Mohammed Shael, CEO of Business Registration '&' Licensing Sector in DED , is at the World Bank headquarters in New York, to update them on the latest improvements done by Dubai to enhance the ease of doing business.
Recently, BRL launched the first beta version application of its kind in the world to manage its services through smart phones, iPhones and iPads. The services include renewal and registration of companies, trade name reservation, renewal of trade names, initial approval of licenses, renewal of licenses, payment of license fees and fines, as well as company lookup (search for existing companies operating in Dubai and gain information on their business activities).
Shael said, "The Department of Economic Development is always keen to update the World Bank on the results achieved by the BRL Sector, as well as share our knowledge and expertise with government entities and organisations concerned with business registration within the region and worldwide. Our objective is to highlight the flexibility we can offer to investors and business owners in obtaining licenses and doing business".
BRL Sector is keen to keep up with all that is new in developing and providing value-added services to customers, which helps to reach its primary goal of being the best business destination globally. – Emirates News Agency, WAM
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