Aiming at promoting business environment and sustainable growth SEDD launches “Instant License”

Hamad Al Mahmoud: “We pay great attention to provide and improve a legislative and regulatory environment to promote business growth”

Sharjah Economic Development Department “SEDD” launched “Instant License” Service in order to promote investments and attract investors to the Emirate. This service was launched after obtaining the approval from Sharjah Executive Council with the aim of enabling investors and entrepreneurs to issue a commercial license immediately without the need to attach the Memorandum of Association or a signed lease contract in the first year. Additionally, this license enables investors to conduct their business immediately, with the aim of speeding up and reducing procedures, shortening the customer journey, and increasing economic growth rates in Sharjah.

Thus, SEDD started to issue the “Instant License” which can be obtained in one working day. Suh thing improves the investment environment in Sharjah and prevents some investors from engaging in economic activities without a license. The "Instant License" service covers all office activities that do not require approvals from other authorities, with a maximum of three employees allowed per license. It is a type of license granted without the need for the procedures and requirements required for regular licenses.

The “Instant License” service helps investors to run their activities or businesses in the first year, and then fulfills the special licensing requirements in the second year. Also, it targets new investors and economic establishments seeking to expand into specific types of activities and contributes to increasing the competitiveness of Sharjah.

Through the "Instant License" service, SEDD seeks to enable companies to fully benefit from the competitive advantages offered by the Emirate and to stimulate the business environment. SEDD is the government entity entrusted with regulating economic activity in the emirate and supporting the process of economic diversification, sustainable growth, and competitiveness. Thus, the Economic Department in Sharjah focuses on facilitating business operations, which contributes to anticipating and creating a better future, developing the investment environment, enhancing the attractiveness of strategic economic sectors, and providing high-quality services in accordance with the highest international standards.

Commenting on this, HE Hamad Ali Abdalla Al Mahmoud, SEDD Chairman, stated that the Department works continuously to develop a legislative and regulatory environment to enhance business growth and support its continuity and sustainability in accordance with international best practices. Such thing falls within the wise directives of HH Sheikh Dr. Sultan bin Mohammed bin Sultan Al Qasimi, Supreme Council Member and Ruler of Sharjah and the pursuit of HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown prince, Deputy Ruler of Sharjah and Chairman of the Executive Council. HE clarified that this will enhance the growth of Sharjah’s economy and support its competitiveness regionally and globally.

Moreover, HE SEDD Chairman proclaimed that the “Instant License” service is part of the Department’s Strategy, which aims to support economic diversification and sustainable growth in the emirate. It also contributes to supporting investors by facilitating the ease and speed of establishing their businesses. This reflects Sharjah's commitment to the continuous development of the business system and consolidating the emirate's position as a global investment hub.