Khaleej Times, 12 November 2025: Dubai has reduced the time required to open a business bank account from 65 days to just five days through its new digital licensing system.

Seven major banks have integrated with the new system, allowing new businesses to open accounts directly using their unified licence. The digital platform now serves as a single point of access for businesses operating in both mainland Dubai and free zones.

The initiative has established connections with key government departments, including human resources, electricity and water, transport, and foreign affairs authorities. These integrations enable businesses to manage multiple regulatory requirements through one digital gateway.

The unified licence provides each business with a unique, government-verified digital identity that can be used to access essential services including banking, utilities, trade, and labour processing. This centralised approach has created a single verified registry for business information.

The system operates across both mainland and free zone jurisdictions, offering a standardised approach to business administration throughout the emirate.

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