The UAE, and particularly its capital Abu Dhabi, is a great place to start a company and establish your business. With its safe and secure environment and excellent business potential, UAE has become a fantastic place to live and work in. In order to apply for a DED business licence, here`s what you need to know.
Besides overseeing the progress of Dubai’s business sector, the Department of Economic Development is also responsible for offering services related to issuing, amending and managing business licenses in Dubai like the DED license.
Established according to Law No. (7) of 2018, Abu Dhabi Department of Economic Development (ADDED) regulates the business sector in the emirate of Abu Dhabi and leads economic initiatives to achieve a knowledge-based, diversified, and sustainable economy.
You can apply for a business license via the Department of Economic Development website or in person at a DED customer service center.
You may also need to get approval from other relevant authorities – this will depend on the nature of your economic activity.
For example:
- if your business operates in the insurance industry, you may need to get approval from the Insurance Authority
- if your business operates in the healthcare industry, you may need to get approval from the Ministry of Health
- if your business operates in the hotel sector, you may need to get approval from the Abu Dhabi Tourism Authority
- Import and export your goods with other nations
- Take part in a number of commercial related activities
- Let the masses know of your services and products through advertisements
DED recently launched a new service called the “Instant License” service which allows business owners and entrepreneurs the option to issue a trade licence in UAE, without having to, register a trade name, issue a legal contract or Ejari. Business owners can now directly apply for a Dubai trade licence through the online portal in less than five minutes.
Although an Emirati or the GCC personnel can apply for both the licenses, an expat can apply for the professional license only. This limits the business functions of expats to rendering professional services like make-up artists, modelling photography etc. Expatriates cannot trade, or manufacture and sell products.
While based in the UAE, we offer comprehensive services for doing business in the Middle East including all the Free Trade Zones, including offshore company formation. Therefore, we have solutions to all your queries related to licensing requirements for company formation in the UAE.
We can give you the best advice on the DED trader license and carry out the official process on behalf of you.
We are committed to provide the best business advisory services on a timely basis with personal dedication to each client, helping them with their plans and being available to help and solve simple and complex problems.
Over the years, we have developed comprehensive capabilities in several functional and speciality segments and have emerged as the chosen partner in several innovative and path-breaking initiatives undertaken by various businessmen across the world.
We have already rendered our assistance to more than 1000 companies to set up their operations in UAE. Since the rules and regulation changes constantly, we thrive to keep you abreast of all the changing rules so that we can serve our clients in a better way.