The Department of Economic Development in Dubai issues the necessary license for UAE and GCC nationals, the so-called DED license or eTrader license. Foreigners with complete ownership in a company in Dubai can also apply for a DED license, for services and professional activities. One of our company formation agents in Dubai can provide support for business registration and also for obtaining the DED license in Dubai.
How do I apply for a DED license?
According to the Department of Economic Development in Dubai, one must choose the place of business, whether in Dubai mainland or available free zones. It is important to note that there are specific regulations and business conditions for each region. Next, the business structure needs to be selected by the person who applies for a DED license. If the business is already registered in Dubai, the following step requires attention to the following documents that need to be prepared:
- The Memorandum of Association of the company you have in Dubai.
- The tenancy agreement approved by the Municipality in Dubai.
- A valid Initial Approval Certificate.
- Specific approvals issued by Government bodies in Dubai.
If all the documents are submitted and approved, the DED license or eTrader license will be issued. There are a series of aspects that must be overseen when it comes to documents, which is why a dedicated agent and his/her services are required. Our company formation specialists in Dubai can handle the entire process and can tell you about the fees for a DED license in Dubai. Here is a video presentation with extra details:
How much does a DED license cost?
A DED license fee ranges between AED 620 and AED 2,000, depending on the business type. Additional costs might apply, but for complete information on this matter, you should get in touch with one of our specialists in Dubai. The trade license Dubai costs should be observed from the start, before the application.
Facts about DED Instant License
The “Instant License” has been recently introduced by the Department of Economic Development to ease the business path of entrepreneurs in Dubai. This kind of service allows entrepreneurs to rapidly receive the DED license by skipping a few formalities. The Instant License can be rapidly obtained, within a few minutes. You can rely on our support and choose the services of our company incorporation agents in Dubai for a DED Instant License.
Who cannot have a DED license in Dubai?
Entrepreneurs interested in wholesale purchases and retail sales cannot apply for a DED or eTrader license. In other words, a commercial activity that contains the purchase of goods for reselling purposes is not allowed under this type of license. Even though it is called eTrader license, foreign businessmen cannot develop commercial and trading activities under this kind of authorization. Please feel free to discuss this with one of our company formation representatives in Dubai and find out more about business authorizations in this city. We can also help you if you need to set up a company in Dubai.
Services offered by the Department of Economic Development
DED in Dubai provides a series of important services for entrepreneurs in this city. One can reserve the business name (after verification in the first place), obtain approval for establishing a branch, obtain the trade license, renew the license, obtain a business approval, pay inspection fines, or make verifications about existing companies (name, business activity, license search, etc.). The main target of the Department of Economic Development in Dubai is to ease the company formation process as much as possible and to maintain a correct and straightforward procedure, without complexities. The same body provides strategic services tailored to the needs of foreign and local business owners, regulating the whole economic development and performance in Dubai. The entire structure is based on innovation, in order to provide the best services possible. Foreign investors interested in a DED license in Dubai can discuss it with one of our specialists and ask for details and support in this sense. We also gathered some facts and figures about the economy of UAE:
- UAE registered approximately USD 154 billion in terms of total FDI in 2019.
- The 2020 Doing Business report ranks UAE 16th out of 190 economies in the world.
- The total value of greenfield investments in UAE for 2019 was around USD 13 billion.