While several countries are struggling to cope with the COVID-19 pandemic situation, in the UAE, the Government ensures that citizens, residents and businesses are safe by mandating precautionary safety measures. This is why Dubai is still considered one of the top destinations for entrepreneurs despite having a COVID-19 pandemic.
Starting a business in Dubai, particularly under the Dubai Department of Economic Development (DED), offers several key advantages if you are looking for flexibility and freedom for your business. If you are considering setting up a business in Dubai, under Dubai DED, here are some key benefits for your business:
The Dubai Government has been mainly supporting businesses with its stimulus packages and implemented a reduction in costs in line with starting a business. This is to encourage investments in companies, innovations in companies and increase trading and exports to minimize the adverse effects of COVID-19 in companies.
The UAE Government had taken all necessary measures to minimize the risk of COVID-19 earlier than the mandate made by the World Health Organization (WHO). The UAE is one of the countries that had taken precautionary safety measures and necessary control actions to reduce the spread of COVID-19 that may affect businesses, citizens and residents of Dubai.
When starting a business in Dubai under DED License, you will have the freedom to conduct business across Dubai and the whole UAE. There are no restrictions as compared to a Free Zone licensed company.
Also, setting up a company under Dubai DED, you will be required to be sponsored by a UAE National for formalities purposes. However, with Smart Zone’s Local Sponsorship programme, any entrepreneur that sets up this September 2020 will get Local Sponsorship free-of-cost. Contact us for more information on this.
With a Dubai DED license, you will also be allowed to trade domestically and internationally. This is essential, especially now that the world is more connected due to COVID-19. This will be great for businesses that are looking to increase their brands internationally.
If you plan to do an international expansion, a Dubai DED license will be suited for your business. This will enable you to gain access and penetrate the foreign markets, and allow your business to grow.
This is one of the advantages of having a Dubai mainland license. If your business is looking to tender bids for Government contracts, this is beneficial for you. A considerable number of startups offer services or products that match Government requirements or projects, and this can notably place you in a very competitive position.
If you are interested in setting up a company in Dubai with our Zero Local Sponsorship fee programme, please contact one of our Business Setup Advisors. We’d be happy to assist you.
• Sponsorship fee is waived off for the first year only
• 24-hour license issuance is subject to approval from Government entities
• License fee, PRO service fee, office charges & Government disbursements to be paid