Over time, Dubai is becoming a business hub in the world. The infrastructure of this state offers great benefits to foreign investors. Moreover, the Dubai government takes necessary initiatives to facilitate them. If you are interested in opening your own business in Dubai, you can get a DED instant license by following these steps:
If you are interested in a company that does not require external approval, you can easily get a Dubai DED instant license. There are only a few documentation requirements. Firstly, you must create an account on the DED e-services website with your ID. After that, you must submit the commercial registry and details of your partners and managers. Once you have submitted all the required documents, you will be issued a payment voucher. Then, you must submit your documents.
Decide which kind of business activity you would like to engage in:
The next step is to decide which kind of business activity you would like to engage in. Make sure that it is listed in the official list. The list currently includes 2000 types of activities. When choosing the name, make sure it is not offensive or similar to well-known organizations. Moreover, make sure that the name you choose is not already in use. You can apply for an instant license online using the e-channel portal or in person at a service center. The process should take no more than five minutes.
There are several requirements to set up a business in the UAE. One of them is having office space. However, finding such space can be quite costly for an investor. Fortunately, DED has a solution for this issue: the Instant License. With this service, investors can obtain their license in just a few minutes, and there is no requirement to sign a lease agreement. Office space usually costs around two percent of the rent for a commercial space.
There are various requirements to obtain a Dubai DED instant license. You may need a local sponsor if you’re planning to do business on the mainland of the UAE. Sponsorship fees depend on the business you’re planning to engage in. Generally, a license will be granted upon mutual agreement between you and the local sponsor. In addition, if you’re planning to hire local staff, you will need to rent office space. Sponsorship fees for getting a Dubai DED instant license differ from company to company.