DED
- By admin
- November 9, 2022
- 0 Comments
Department of Economic Development – Dubai
DED Dubai – DED license
The Department of Economic Development – The government of Dubai, abbreviated as DED, is the license issuing authority that regulates and oversees Dubai’s economic activities. Understanding what is DED license is crucial for businesses in Dubai as it involves mainland business registration, licensing, commercial compliance, and consumer protection. Innovative services are provided through the DED license to enhance the economic environment and productivity, catering to both local and international investors and businesses within and outside the UAE.
Benefits of Dubai Economic Department trade license renewal:-
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No corporate, income or
personal tax is required.
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100% capital and profit
repatriation is allowed.
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Annual audit reports are
not required to be submitted.
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Carrying out business transactions with any individual or business within the local (including free zones) and international market is permitted.
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No restriction on currencies is imposed.
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An unlimited number of licenses can be registered by various individuals and entities.
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Option to choose from a wide range of business activities is available.
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Undertaking government contracts and participating in tenders is possible.
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An unlimited number of visas can be acquired provided the office space meets the requirements.
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Opening a corporate bank account is seamless as compared to companies registered in other jurisdictions.
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Registering an address in any preferred location in Dubai and renting an office premise or any other facility anywhere in the Emirates is allowed.
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