DEPARTMENT ECONOMIC DEVELOPMENT

The Department of Economic Development (DED) is the government body entrusted to set and drive the economic agenda of the emirate of Dubai, UAE. The DED supports the structural transformation of Dubai into a diversified, innovative service-based economy that aims to improve the business environment and accelerate productivity growth.

The DED and its agencies develop economic plans and policies, identify and support the growth of strategic sectors, and provide services to domestic and international investors and businesses.

The DED is also a proud winner of the Distinguished Government Entity in the Dubai Government Excellence Programme 2012.

A mainland company is requires to have a local sponsor who is a UAE national;

            UAE national sponsor  - 51%

            Foreign shareholder (s) – 49%

BENEFITS IN SETTING UP COMPANY IN DUBAI MAINLAND

1. Allowed to trade with other local markets and outside UAE– a mainland company is can do business with other businesses on the mainland and outside UAE.

2. No limitation on number of visas– there are no restrictions on number of visas to apply as this may depend on the size of office space.

3. Wide range of available business activities- mainland company allows thousand of business license categories.

4. No minimum capital requirements– currently, there is no minimum capital requirements to deposit the share capital in any banks in UAE.

5. Freedom to select office spaces within Dubai–it is requires to own or rent a physical office space within the premises of Dubai.