People from all parts of the world (from all countries) have business interest in the UAE, where Dubai includes, and most of them see Dubai as a dream land and it is true to some extent. The present scenario in the UAE has all the favorable factors for all types of businesses to grow and prosper. It has the best sea-ports in the world and connectivity with neighboring countries. It is a good idea for any foreign investor to start a business in Dubai, but there are a lot of facts you need to know about the UAE before making a decision. Do you know what DED or Dubai Economy Services is? A foreign investor or expatriate who wants to start a business in any emirate including Dubai should be aware of DED.
What is Dubai Economy Services (DED)?
Until last decade, it was not easy for an investor interested in doing business in the UAE to complete the related documentation formalities. Gradually, the UAE Government and the, Ministry of Commerce relaxed the rules and regulations. In the current situation, the government is offering incredible benefits for foreign investors. Now anyone willing to spend money can start a business in the UAE with no strings attached and relatively little delay. In other words, starting your business in Dubai in the Emirates of UAE has never been so quick and easy. After completing some necessary documentation formalities at the Arabian Business Center, your business license can be issued instantly. The Department of Economic Development (DED) or Dubai Economy is a UAE government authorized body based in mainland Dubai that acts as licensing and regulatory authority for opening and operating a business.
Does DED have an impact on Dubai’s financial stability?
That being said, DED of utmost important as a key government and regulatory body tasked with establishing and leading a healthy economic agenda for the emirate of Dubai. It acts upon the Dubai economy as the backbone of Dubai’s structural development and transformation in to an innovative and diversified service-oriented economy. The Dubai economy helps Dubai scale up it businesses and boost productivity while promoting sustainable growth.
Many people have various doubts regarding DED. Is DED an authority functioning under Ministry Of Finance? In this regard, the Department of Economic Development (DED) of the Emirate of Dubai is a government agency tasked with setting and guiding Dubai’s economic agenda within the wider governance structures of the United Arab Emirates. This has an impact on the financial system of the UAE.
What is DED Trader License?
As you know, there are currently many startup businesses in the UAE, emerging from Dubai and new ones are coming up. In this connection, the activities of DED are worth mentioning. DED Trader License enables startups in Dubai to conduct business activities online and on social networking accounts. The license aims to guide traders on the right path to enter the business world. The DED Trader License enables startups businesses to take root in the UAE.
Who can avail DED services?
Definitely, DED services are giving new life and energy to the business sector in Dubai, any individual or corporate, whether you need a Dubai Economic Department trade license or starting your business, get all services under one roof, our operations are transparent and our authorized service requires no hidden costs. Only government services at the right time for every business aspirant.
DED’s contribution to the UAE’s wealth system (businesswise) is huge. DED and its agencies not only establish critical economic policies and plans in the UAE, DED also categorizes and supports the expansion of the UAE’s strategic sectors and provides services to domestic and international businesses. Apart from that, as mentioned earlier DED is also the licensing authority for business established in the Emirate of Dubai.
How different are DED’s services?
DED, you operate in a variety of ways, which in every sense provide worthy support to start-up businesses in Dubai. We engage in due diligence for corporate clients and individuals setting up their companies, branches or subsidiaries in the UAE and we provide highly personalized business set up services. We not only advice on the choice of corporate structure and jurisdiction, but also ensure that all technical administrative and financial aspects of business setup in Dubai and UAE are covered. DED for short, all the process of business men are effectively stimulated.
Importance of Business set up consultancies
There are many Business set up consultancies operating in the UAE for people like you who are interested in start-up business in Dubai or any emirate in the UAE. You should find a suitable business set up consultancy from them and try DED services with their help. Never try on your own, no one can get business license in UAE without experienced consultancy support.
There are many reliable Business set up consultancies in UAE that provide good service most of the time. Bizvise is a name to mention; they can be trusted and relied upon. So Bizvise is right for your DED services, seek their help, Bizvise is something different in the area of services.
What is DED fee?
DED Trader License: This is a single entity license that can be obtained by Dubai home based businesses issued under a trade name. It can be applied through the “Invest in Dubai” platform with a fee of AED 1070 (License Fee and Knowledge and Innovation Fee) + AED 300 (Dubai Chamber Membership Fee).