February 13, 2019
The Emirate of Dubai has transformed from just being a desert land to a highly urbanised business hub, boasting some of the most spectacular infrastructures in the world today.
In the annual Global Financial Centres Index ranking put together by Z/Yen Partners and the China Development Institute (CDI) in September 2018, the Emirate of Dubai climbed to 15th spot—four places higher than the previous year’s ranking—of the most competitive commercial centres around the world. Over recent years, Dubai still leads the pack of the fastest-growing cities in the Middle East.
The Emirate has strategically positioned itself as a dynamic and diversified business destination for entrepreneurs with favourable rules and business-friendly policies for foreign investors. To substantiate this fact, the Dubai Department of Economic Development (DED) recorded an overall 248,769 business registration and licensing transaction in 2018 from which 20,467 licenses were issued. These numbers are 4.6% higher than the 2017 statistics.
So why does Dubai remain an attractive destination in the region for doing business?
The answer is relatively simple. The advantages of doing business in Dubai mainland cannot be denied. They are far more beneficial for growing, diversifying, and protecting your business in the long run.
When you have a Dubai Mainland or DED license, the benefits have a much higher impact in the local market, which can favourably prepare your business for scaling up. Here are the major takeaways of a DED license:
Flexibility to do business in any part of the UAE with local and government authorities
Your business has the ability to penetrate the UAE marketplace with ease. Once your company is registered under DED, your business can thrive and explore the diverse business ecosystem of the emirate. Having this fundamental feature at your advantage—which many startups set up in the free zones don’t have the freedom to do—is your gateway to business growth.
No limit on the number of visas depending on the size of the office space
Once you have settled in and the demands for your products and services have grown, the possibility of expansion comes into the picture. Thankfully, A DED license readily allows you to add more workforce as your business grows. All you need to keep in mind is the size of your office space to house your growing team.
Office location in Dubai
Being situated in Dubai gives you hassle-free access to major logistic ports, international airports, and local transport systems. This is a crucial point to consider when your business requires trading goods across the Emirates. It also leverages your company's credibility for being centrally located in the Middle East’s leading commercial hub.
More options for business activities
The wide-ranging business activities allowed in Dubai mainland cover all types of industries such as tourism, media, health, training and education, music and entertainment, design, retail, transportation, food and beverage, technology, manufacturing, agriculture, engineering, and so much more. So, if you have a unique business proposition, opting for a DED license is the most suitable choice to launch your business in the UAE.
Fewer nationality restrictions in ownership and visas compared to other jurisdictions
Unlike other jurisdictions, Dubai DED has fewer nationality restrictions. Standard timelines may take longer for some nationalities, but you can be assured that the process is straightforward and easy.
Before, setting up a business in Dubai mainland was not the most practical option, especially if you have limited resources. To address the issue of high startup cost, DED introduced the Dubai Mainland Coworking License through CREATIVE ZONE. This new type of license now enables you to set up your company at a minimal cost without purchasing office space and having 100% control of your company. With corporate sponsorship given by CREATIVE ZONE you really do have complete control with no financial obligation as all your costs are covered in the fees you pay.
For only AED 3,950 per month, you now have the following startup essentials so you can jumpstart your Dubai mainland company:
- Dubai Mainland License
- Office Space
- Partner/Investor Visa
- Savings of up to AED 20,000 when paying upfront
Dubai Mainland Coworking License is designed to give you the benefits of a DED license as well as a dedicated CREATIVE ZONE account management team to handle your company formation process and beyond.
Once you have successfully set up your Dubai mainland business, it’s time to make the best out of your DED license and explore different growth opportunities in the emirate. CREATIVE ZONE will be your lifetime provider for all your business support needs.