The Department of Economic Development (DED) is the government authority that sets the agenda for the economic growth of Dubai. This agency develops plans and strategies to enhance Dubai’s government economy and identifies key sectors for growth. It also offers services to investors. The benefits of using DED Services UAE are many, including the ability to apply for a number of DED incentives. In this article, we will look at the DED services Dubai. This article will also include information on the cost of these services. The DED is a government-run agency that provides services for companies wishing to establish their office in the Emirate.
Service Provided By DED
DED is a free zone in Dubai that offers flexible legal arrangements for foreign investors. The foreign investor pays a fixed annual fee to the sponsor and retains 100% control over the business. Profit sharing and nationality restrictions are limited and the company can trade with mainland companies in Dubai and the UAE. There is no limit on the number of employees and no minimum capital requirement. The company also offers flexible rental plans at an affordable cost.
DED Services Dubai provides a comprehensive range of services for a variety of industries. Its ultimate goal is to make Dubai a global business center. This is accomplished by providing support to local/foreign investors and small/medium enterprises. There are four divisions under DED services Dubai. The Commercial Sector division supports export-oriented businesses and promotes foreign direct investment.
The Department of Economic Development is the government department in Dubai that oversees and supports economic activities. It also provides innovative services to improve the economic climate in Dubai. It offers services for both local and international investors and offers flexible currency exchange rates. Its main focus is to promote sustainable growth and create a favorable business environment. However, In Dubai, the DED grants a license to existing as well as new businesses.
The following licenses are issued by this government agency:
- MOA Amendment
- Trade License Issuance
- Trade License Renewal
- Amendment of Activities in Trade License
- Amendment related to partner(s)/ shareholder(s)
Many people, particularly foreigners, swarm to Dubai to obtain a trading license Dubai and establish various types of businesses, such as limited liability companies (LLCs), joint liability companies, service agents, etc. DED is responsible for issuing the professional license, industrial license, and separate e-commerce license needed to establish a business in the UAE, whether it is in a free zone or not.
However, in order to obtain these licenses, you would need a number of documents, including:
- Articles of association
- Power of attorney for the local partner that is signed by a notary
- Incorporation certificate if opening a branch or subsidiary office
- Copy of representative’s passport
It takes around a week time for get a trade license from the DED and set up a business in Dubai.
Benefits with Docman
We have a panel of experts who assist clients with exceptional skills and the most recent techniques developed by our unparalleled knowledge and skill in developing a retail brand or service. We serve as a perfect guide and a helping hand to all of our clients throughout the entire process of company setup. Moreover, we guarantee to deliver excellent results in a short period. If you intend to establish and operate an Industrial and Manufacturing Company in the UAE, you will need an Industrial/manufacturing license issued by the DED. In addition to a trading license Dubai, you will need permits from the Dubai Ministry of Finance and Industry, as well as various other approvals. This license will be valid only for the specified time period, as long as the clearly stated conditions are met.
DED procedures are constantly changing and evolving. We stay up to date on all changes and amendments and are thus regarded as one of the best DED service providers. This license will be valid only for the specified time period, as long as the clearly stated conditions are met. With the help of our unmatched DED e Services, an industrial trade license can be obtained as soon as possible.
The following are a few benefits of this license with Docman’s assistance:
- Generating business opportunities from trustworthy sources
- Financial experts and buyers were planned for by an industrial license appeal
- Refined financial administration and mediation segments
- Protects the income arrangement and keeps it going with the help of the law
- Modern civilized infrastructure with a globalized business network
- Before applying for an industrial license, we conduct basic research