Mainland Business Setup - Dubai administration is always known for its business friendly approach. That is why entrepreneurs across the globe choose Dubai as their business hub. In its persistent endeavor to ensure a conducive business environment, Department of Economic Development (DED), Dubai has recently introduced a new service known as “Start Business”.
“Start Business” service of DED, Dubai, is intended to save the precious time of investors and to issue them business license quickly; in one visit.
The salient features of “Start Business Service” offered by the Department of Economic Development (DED), Dubai are:
It is applicable to the legal form Limited Liability Company (LLC).
It applies to all business activities which do not require the prior approval from other departments or regulatory authorities.
General trading license will be issued only through “Start Business” service with effect from 15th February 2016.
This is an “all in one” service including procedures like issuing Trade name reservation certificate, Initial approval certificate, Electronic Memorandum of Association for LLC and finally “Start Business Certificate” valid for six months.
Within the validity period, the investors can get their business license issued automatically on submitting Ejari registration certificate and tenancy contract for the business location.
The basic conditions associated with “Start Business” service offered by the Department of Economic Development (DED), Dubai are:
All business partners (who are not registered in MY ID) to be present at DED with their Emirates ID.
The presence of one partner or the manager is sufficient, if all other partners are registered in MY ID.
Passport copy of all partners including the manager.
Emirates ID copy of all partners including the manager.
Copy of visit visa or employment/residence visa page in passport.
NOC from sponsors in the case of foreign nationals other than GCC nationals having employment or residence visa.
Following are the important steps involved in “Start Business” service offered by the Department of Economic Development (DED), Dubai:
All partners will be registered in MY ID.
Trade name will be reserved for the business.
If the investors have already reserved a trade name, it can also be used.
Initial approval certificate will be issued for proceeding to register the legal entity.
If the investors have already obtained initial approval certificate, it can be used.
Electronic Memorandum of Association will be issued.
Attestation from “Notary Public” is not required.
The Electronic Memorandum of Association will be accepted by banks and government authorities.
Electronic Memorandum of Association can be amended at any “Notary Public or UAE Court” and the amendment (addendum) can be submitted to DED.
“Start Business Certificate” will be issued. The validity of this certificate will be six months.
Once the Ejari registration certificate and tenancy contract for the business location is submitted by the investor, his business license will be issued automatically.
SMS notification will be sent to the mobile number given in the application.
Investor can obtain his business license on paying the required license fee through any of the approved payment channels.
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