Dubai is known for its impressive infrastructure and tremendously developing business structures. The great grand economy of Dubai attracts almost every investing businessman to try his luck there. The UAE government has allowed a wide range of business opportunities and trade options in Mainland Dubai. One major requirement to set- up a business in Dubai is to get it registered with the DED there.
Every business owner needs to get approvals for specific business licenses from the DED. That is why, before setting up a company in Dubai, you should very well know about the DED regulations, and the business licenses required. The UAE government also provides tax benefits and investment perks to the business owners and thus encourages more start-ups every year.
The Department of Economic Development, DED is a government entrusted unit that issues commercial and professional licenses to corporate individuals or teams for business start-ups in Mainland Dubai. This government body makes economic plans and strategies, gives required services to domestic and foreign firms, etc. Their dedication to economic growth in Dubai has made business start-ups way easier and more convenient in the mainland region.
The UAE government has reduced the traditional restrictions on businesses and thus allows 100% foreign ownership to the ex-pats. This has encouraged people to opt for a DED license, also called the Mainland or Onshore license. Major benefits of starting up a DED approved business are-
The entire procedure of setting up a business in Dubai is very easy and convenient because of lesser restrictions and numerous benefits from DED. From approval processes and regulatory tasks to early timelines- the Department of Economic Development has made everything hassle-free for a business set- up.
After deciding about the office space, the Department of Economic Development offers numerous licenses that a businessman applies in Mainland Dubai. You would face almost no restrictions on commercial as well as professional licenses.
A DED license can allow you to have as many visas as you need for the employees. Depending upon the size of your office, you can apply for employee visas accordingly. More prominent offices would get many employee visas easily.
A DED registered business can have its office anywhere in Mainland Dubai. There is full freedom to choose where to work from. Moreover, the Department of Economic Development also encourages the efficient growth of a business. Thus the trader can also open up different branches at distant places for his business growth.
DED supports nearly 2100 business activities and is flexible in adding new business activities to the list to encourage more trades to start-ups in Dubai. In case your business type is enlisted already, you can directly apply for approval certificates. But if not, DED is ready to add up new business activities to its list.
The UAE government has reduced nationality restrictions for setting up a business in Dubai to encourage more business activities in the mainland region. Unlike other jurisdictions, there are fewer limitations imposed on visa allocations and nationalities. Now, a large number of foreigners can become business owners in Dubai.
DED has reduced the investment restrictions imposed on businesses and their owners. The primary benefit lies in the fact that there is no minimum capital required for the start-up. You have complete freedom to choose the type of business structure and the investment you can afford at the beginning.
DED has made available a large number of office spaces out of which you can choose a place that suits you the most. Depending on the space required and the type of business, affordable rental and lease plans are available for different businesses’ needs.
DED has offered tremendous benefits for business owners in the Mainland region. The key motive of DED is to make the business start-up process very convenient and quick so that time-taking administrative processes can be avoided. For this, it has described the following steps for business setup in Dubai.
You can start- up from more than 2100 business activities in Mainland Dubai. Firstly, choose the type of business that you want to start.
Every business start-up begins with b selecting a suitable legal form. The number of owners, their nationality, the type of business, etc., needs to be filled in the legal form.
DED has issued specific guidelines for selecting trade names for the businesses. Make sure to follow those guidelines while choosing a trading name. And after choosing, apply for the same through the registered service centers or online portals.
The initial approval certificate is just like a NOC from the Dubai government and DED. This states that they don’t have any objection to the start-up of this business.
Depending upon the business structure, sometimes you require certificates like Memorandum of Association (MOA) and Local Service Agent (LSA). If needed, you should get these certificates approved.
DED gives complete freedom to choose your office address anywhere in the Mainland. You just need to sign a contract with the landowner. And then register that contract with the Real Estate Regulatory Agency for your start-up.
The next step is to apply for the required business license. Every business type requires different licenses from different departments of the government.
After successfully finishing all the steps, you must collect all the approved business licenses. Then submit them to the DED via online portals or at their service centers.
Having finished all the above steps, you can now start- up your business activities with a thumbs-up from the DED.
First, you need to register yourself with the DED for setting up a business in Mainland. DED has issued different policies and procedures covering nearly 2100 business activities for issuing trade licenses. All these business activities come under six major categories. For all these categories, you have to apply for trade licenses before heading on towards your start-up.
The UAE government has made a separate entity called DED to govern its economic growth. Its main agenda is to facilitate new business start-ups in the Mainland region. Besides reducing the restrictions on business activities, DED provides a large number of benefits to its investors. After getting to know about the benefits and various licenses that DED provides- just plan to start- up your own business in Dubai.
If you are planning to set up business in Dubai, UAE, and want to understand the process of DED you can get in touch with Business Link. The Complete solution for all your business setup needs.
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