A dual license for a business in Dubai is a subject of demand among businessmen and entrepreneurs. With several opportunities to invest in more than one business or commercial enterprises, a dual business license in Dubai has become the need of the hour. Comprehending to this demand DAFZA (Dubai Airport Freezone) or DIFC (Dubai International Financial Centre) have considered allowing dual business registration, outside their respective freezones as well.
Earlier, the regulations made by the DED (Department of Economic Development) did not accord to acquire more than one business license in Dubai. However, now you can get a dual business license in Dubai by simply registering a business at DAFZA or DIFC and later applying for a DED business license. The increasing number of foreign investors wanting to establish multiple enterprises, the freezone authorities of DAFZA and DIFC got into an agreement and signed a memorandum of understanding (MoU) permitting businesses to operate across Dubai.
A dual business license will be able to register business in Dubai Freezone those are DAFZA and DIFC as well as Dubai Mainland. The MoU is an effort to intensify Dubai as an ideal commercial destination and support flexible strategies to create an investment-friendly environment.
Further, the MoU states that the Department of Economic Development in Dubai could alter or add any activity associated with the licenses of the companies. The activity of consideration is also subject to the approval from the particular freezone. The DED along with any of the freezones where the company is established will ascertain that the dual license is obtained adhering to the law. The dual licensing system will add a substantial value to the economy of Dubai and the UAE in general, as well as interest foreign and international investors.
For more details on dual license in Dubai contact Shuraa Business Setup. Shuraa is a leading business setup service provider in UAE offering innovative and cost-efficient measures of setting up a business in Dubai and across UAE.