Start Business in Dubai
Dubai, acknowledged as the second-largest and second-most populated emirate in the UAE, holds a distinct position within the federation. Over the past twenty years, Dubai’s economic growth and business-friendly environment have earned it comparisons with other global financial hubs like Singapore and Hong Kong. The city has emerged as the paramount business cornerstone in the Middle East and North Africa (MENA) region.
Dubai is celebrated for its awe-inspiring skyscrapers, bustling ports, and luxurious shopping complexes, establishing it as a vital center for commercial activities and a leading tourist hotspot in the region. With an extensive expatriate population, Dubai fosters a multicultural and cosmopolitan environment, drawing individuals from diverse global backgrounds. While Arabic is the official language, English is widely used, serving as the common medium of communication.
Unlike other UAE locations, Dubai’s economy isn’t heavily dependent on oil resources. Instead, the emirate astutely utilized its oil wealth in the twentieth century to invest in infrastructural development. Today, the lifeline of Dubai’s economy is trade. The city is home to two of the world’s largest ports and houses two expansive international airports, which facilitate a vast network of global connections.
When it comes to incorporating a business in Dubai, Entrepreneurs have a variety of jurisdictions to select from. With diversification at the heart of its ongoing vision, Dubai offers a wide range of options when it comes to incorporating a business.
A major part of the emirate’s future-forward strategy is empowering its business districts and free zones to become leading global engines for innovation and investment.
The issuance of business licenses in areas outside the free zones in Dubai falls under the responsibility of the Dubai Department of Economic Development (DED). The DED is authorized to grant commercial, professional, and industrial licenses.
The popularity of a DED license stems from its lack of trade limitations, setting it apart from a free zone license. With a DED license, businesses can directly interact with consumers and other businesses throughout the UAE.
There is no requirement to involve a local distributor to sell products. This local license offers significant flexibility in choosing the location for your office, shop, or manufacturing plant, giving you more options to suit your business needs.