Business licenses in Dubai is compulsory requirement for every type of company formation. Setting up a new business in Dubai can be an exciting prospect and several variables need to be considered. However, the most important of all is business licensing in Dubai.
This article will provide you a complete guide on the various types, structures and procedures involved in Dubai business licensing.
Why do you need a business license in Dubai?
A Dubai based business license validates your company as a legal entity certified to do business. Not just this, the business license also identifies you and your business enterprise. It takes accountability of your commercial proceedings as well as protects the public health and safety. On the other hand, it also allows to the governmental entities to regulate and survey the commercial proceeding in the city.
Who provides business licenses in Dubai?
The Department of Economic Development (DED) is a government body entrusted to license companies or individuals who desire to carry out businesses in Dubai. The Department of Economic Development provides business licenses in Dubai. Dubai DED is the entity that does not only provide business licenses, but also regulates the procedures related to business licensing.
A DED licensed business is generally known as a “local company”. You must note that only mainland companies are registered and licensed by the Department of Economic Development, unlike free zone companies – those are licensed by private authorities.