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Dubai Economic Department Company Setup
The Dubai Economic Department (DED) is responsible for issuing business licenses in Dubai, except for those in free zones. The DED offers commercial, professional, and industrial licenses that have no trade limitations, making them a popular choice for businesses in Dubai. Moreover, DED licenses provide more flexibility in choosing office or manufacturing locations. This blog will guide you through the process of obtaining a DED license, the different types of licenses available, their benefits, costs, and how Choose UAE can help with the license application process.
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Different Types of Business Licenses
The DED provides three primary types of business licenses: commercial, professional, and industrial. Commercial licenses are ideal for companies that engage in trading activities, while professional licenses cater to businesses offering specialized professional services like law firms, accounting firms, and consultancies. Lastly, industrial licenses are meant for companies involved in manufacturing or industrial activities.
Benefits: Dubai Economic Department (DED) License
If you’re looking to set up or grow your business in Dubai, a DED license is an excellent option. You’ll get direct access to the local market without any trade restrictions and the ability to do business with customers and other companies throughout the UAE. Plus, with a DED license, you can maintain 100% ownership for commercial and industrial activities without the need for a local service agent, giving you more control over your operations. And since DED licenses don’t require yearly audits, you’ll have greater flexibility and independence.
Process: Dubai Economic Department (DED) License
The process of obtaining a Dubai Economic Department (DED) license involves several steps. Firstly, businesses need to determine the type of license they require based on their business activities. Secondly, they need to select a business name and obtain initial approval from the DED. Thirdly, businesses need to lease a suitable office space and obtain an Ejari (tenancy contract). Fourthly, they need to submit all the required documents, including a copy of the passport, two passport-size photographs, proof of residence address (UAE or home country), a copy of the visa (if a resident) or entry stamp (if on a tourist visa), Emirates ID (front and back) for UAE residents, payment proof, and any necessary No Objection Certificates (NOCs) from relevant authorities. Finally, the DED will issue the license once all requirements are met.
Cost: Dubai Economic Department (DED) License
The expenses associated with getting a Dubai Economic Department (DED) license vary depending on factors such as the license type, office location, and company size. If you’re looking to establish a company in Dubai and obtain a DED license, Choose UAE can provide a complimentary consultation. Alternatively, use our cost calculator.
Conclusion
If you are a business looking to set up a business or company in Dubai, obtaining a Dubai Economic Department (DED) license is a must. It’s essential for legal recognition and access to government services, which are necessary for operating and expanding your business in the city. However, the process of obtaining a DED license can be daunting and overwhelming, especially for businesses that are new to the region. working with Choose UAE can make the process much smoother.
How Can Choose UAE Help
Choose UAE is an award-winning business formation and growth partner, providing one-stop-shop services for businesses looking to establish and grow in Dubai. With our team of experienced professionals and strong relationships with government authorities, we will take care of all the hassle and stress of getting a license in Dubai Mainland. Contact us to get started.
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