DED License Dubai
DED License Dubai: The first step to start a business in Dubai, UAE is understanding the policies and procedures set by the Department of Economic Development or DED License Dubai. To help all the new business owners and entrepreneurs who are interested in starting a business, Business setup Dubai, company formation Dubai or setting up a business in Dubai, this article detailing the role of DED Dubai, DED in Dubai, UAE, and the different services offered.
INFO ABOUT DED LICENSE DUBAI
The DED License Dubai – Department of Economic Development is a government organization that maintains and improves the economic program of the emirates of Dubai. The goal is to improve & quicken the growth of Dubai’s economy through vital methods, plans and policies.
The Dubai Economic Department has a comprehensive website with all the information about starting a new business in Dubai, Business setup Dubai, Company formation Dubai.
OBJECTIVES AND GOALS of DED
DED Dubai’s latest vision is to make Dubai a central hub in the global economy. This goal is to be promoted through 6 strategic steps, each proposed at creating the right infrastructure, technology, and supervisory framework to encourage local/foreign businesses & investors, as well as small and medium enterprises (SMEs) to conduct business in Dubai.
DED’s 6 strategic steps include:
- Economic Growth
- Economic Competitiveness
- Business Community Happiness
- Economic Foresight and Planning
- Advance DED
- Financial Sustainability
DED LICENSE DUBAI SERVICE OFFERED BY FIRST BUSINESS MATE
Along with managing the progress of Dubai’s business area, the Department of Economic Development is also responsible for providing the services related to issuing, correcting, and managing business licenses in Dubai like the DED e-trader license.
These business activities come below 4 distinct categories like professional, commercial, industrial, and tourism activities.
The DED e-services website or portal allows business owners to issue all the required documents online.
If you go to the e-service portal and log on using the e-services portal to the DED website, there are five categories of services you can access.
Here is the list of different services you can access on the DED website.
DED LICENCE SERVICES
- Renew license
- Issue Initial Approval
- Issue Branch Initial Approval
- Print license
- Instant Licence
- Reserve Trade Name
- Renew Trade Name
- License Activities’ Terms And Conditions
- Manage Licence Contact
- Pay Inspection Fines
- Update Mobile Number
THE WAY TO APPLY FOR A DED LICENCE IN DUBAI
To apply and issue a DED business license, here are a few things you will have to finalize.
When starting a business in Dubai, the First and the most important thing is to sit down with all the partners and have a discussion regarding Business Setup Dubai, Company Formation Dubai, etc.
- CHOOSING BETWEEN FREEZONE AND MAINLAND DUBAI
Before applying for a DED license in Dubai, a business owner must recognize if they want to handle their business in Mainland Dubai or a Freezone. FBM – Our business setup Dubai guide can help you to get a better understanding of mainland vs. free zones in Dubai. A business owner will only need to enroll or register with DED Dubai if they wish to set up a new business in Mainland Dubai.
2. DETERMINING THE COMPANY’S LEGAL FORM
Another important perspective is to determine the company’s legal form or the legal entity. The type of business activity, the nationality of partners or owners, and the ownership choices will affect the type of legal form of a company or a business. As per DED’s e-service website, there are 16 legal forms.
- Individual Proprietorship
- One Person Company (OPC)
- Civil Company
- Limited Liability Company (LLC)
- Private Share Holding Company
- Public Share Holding Company
- Simple Limited Partnership
- Partnership Company
- Branch of a Foreign Company
- Representative Office
- Branch of a Dubai-based Company
- Branch of a UAE-based Company
- Branch of a GCC-based Company
- Branch of a Free zone Company
DED INSTANT LICENSE
FBM provides – DED newly launched a new and best service called the “Instant License” service which allows business owners and entrepreneurs the option to issue a trade license in Dubai, without having to, register a trading name, issue a legal contract. Business Partners or owners can now directly apply and issue for a Dubai trade license through the online portal in less time.