The Department of Economic Development (DED) is the government body entrusted to set and drive the economic agenda of the emirate of Dubai, UAE. The DED is the main regulatory and oversight authority that is tasked with regulation of companies in UAE mainland.
Benefits of a DED license:
- Possibility to get a license for any kind of business activity;
- No requirements to the amount of authorized capital;
- Rent of office space in any part of the UAE;
- 100% repatriation of capital and profit is allowed;
- Possibility to work inside the UAE market.
All documents for incorporation from the corporate shareholder (if issued from outside the UAE) are required to be notarized and attested by the UAE Embassy and the UAE Ministry of Foreign Affairs. All documents that are not in English are also required to be legally translated and attested by the UAE Ministry of Justice.
Company formation timeline: 2-3 weeks. Provided that all necessary documentation has been completed correctly prior to submission to each government authority.
Establishment Card Application: 7-15 working days.
Residence Visa Application: 2-3 weeks. Provided that all necessary documentation has been completed correctly prior to submission to each government authority.
The approximate time required for the visa applicant to stay in UAE will be 5 to 7 working days however, the visa applicant will be required to report for only 1 working day to complete their Medical Fitness Test and Emirates ID Application. The rest of the visa application process will be taken care of by Aligorex until the return of the applicant’s passport with the stamped visa.
A real office is mandatory for every business in Dubai.
It is necessary to provide the information about office (virtual or real) after which DED issues the initial approval for registration of the company. The office requirements are depending on the type of activities. As soon as the company is registered with DED the licensing procedure will be performed.
The process of registration
Send 3 company names and a passport copy
Send the required list of documents confirming payment for services
Receive registration confirmation within 1 business day