Dubai has becoming an ultimate destination for those who want to start a booming business. Thanks to it’s strategic location, stable economy, steady growth, tax-free regime, investor-friendly processes etc... that many consider it as their next location for business set up.
Dubai is praised extravagantly as a tax haven both for individuals and corporates. All companies in the UAE both in mainland and free zone, enjoy a tax-free haven. This is a great incentive for people looking to invest in Dubai.
DED is the government body entrusted to set and drive the economic agenda of the emirate of Dubai, UAE.There is no restriction for a Mainland Company registered with DED. Indeed, the mainland company is permitted to maintain business anywhere in the world including the United Arab Emirates (UAE). Starting a business in Dubai has become quicker and easier than ever, in line with the vision of the Department of Economic Development (DED) in Dubai to help business owners to initiate and develop their operations without the need for lengthy processes and administration. As per 2019 statistics, The Department of Economic Development (DED) in Dubai issued 3,818 new licenses for various professional, commercial, industrial and tourism activities in November 2019. This comes in line with the continuing investor confidence in Dubai and new opportunities arising across diverse economic sectors. According to the Business Registration and Licensing (BRL) sector in DED 70.4% of the new licences were professional, 27.7% commercial, 1.5% related to tourism and 0.4% industry, and together, they created 10,821 jobs in the labour market.
Until recently DED required a permanent office of minimum 200sqft in order to issue its License. In line with the different developments to attract investors, Department of Economic Development has started issuing Licenses without office space. So instead of getting a permanent office space which takes a big junk from your budget, you can get an Estidama / Sustainability Contract which is like a virtual office. You get a Lease Agreement for the company which enables you to get up to 4 employment visas. This is a great initiative by DED which comes at the right time when Business men and Entrepreneurs are looking for cutting down their costs. This is applicable for new companies and for existing companies who want to reduce their Lease cost. For those who want to test the market at affordable price and want the freedom to do business inside UAE and anywhere in the world “DED License with ESTIDAMA” is the right choice for you.
You are on the right page!! Just contact GRG Corporate Services Provider by writing back to us or call on below number . We wish you an exciting start for your business in Dubai Expo 2020 year & beyond!Please fill out the digital form to submit an enquiry.
UAE Free Zones
Oud Mehta Offices Building (Opp. Wafi Citi & Next to Citi Bank)
P.O Box – 85570
Dubai – UAE.
Tel: 00971 4 3245630
Fax: 00971 4 3245640
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