Department of Economic Development (DED) Services
Department of Economic Development (DED) Services
HBSS offers the complete package of DED Services ensuring that business establishment, licensing, and regulatory compliance for entrepreneurs and companies in the UAE is seamless. The expert team understands where complexities arise and intervenes to save valuable time and smoothen approvals. We ensure complete support from initial approvals to license renewal and amendment, putting your business in full compliance with UAE laws and regulations.
New Business Setup
Your journey begins with a legally compliant business setup according to DED regulations. Starting a business in Dubai is about thorough planning and adherence to local regulation requirements. We are here to provide all-round support to ensure you have a smooth start.
- Assistance with Initial Approvals – This involves guiding you through the approval of the business activities, partners, and legal structure.
- Trade Name Reservation – Help with choosing and securing an appropriate trade name.
- Business Activity Selection – Consultation on the right business category and activity classification.
- Documentation & Submission—It refers to the preparation and submission of all legal documents as needed.
- Regulatory Compliance—This is the act of being in accordance with the laws and regulations of the UAE.
License Renewal
License renewals on time would ensure that smooth business continuance. Annual renewals are required for business licenses in Dubai to be compliant with the regulatory laws of the UAE.
- Mainland and Free Zone License Renewal – Hassle free renewing of business licenses depending on jurisdiction.
- Compliance Checks and Document Verification – Ensuring all documents and approvals are in order before renewal submission.
- Renewal Fee Consultation and Payment Assistance – Guidance on government fees and support in making payments.
- Late Renewal Fine Prevention – Assistance in avoiding penalties due to delayed renewals.
License Amendment
Modify your existing trade license based on business requirements. Businesses often need to update their trade licenses to reflect operational changes.
- Business Activity Addition or Removal – Adjusting activities as per market needs.
- Location and Address Updates – Updating business addresses due to office relocation.
- Operational Scope Changes – Expanding or narrowing business operations.
- Legal Structure Modifications – Transitioning from Sole Proprietorship to LLC, Partnership, or other structures.
Location Update
Keep your business records updated with hassle-free location modifications.
- New Lease Contracts Assistance – Help in securing lease agreements.
- DED Documentation Processing – Ensuring compliance with government regulations.
- Trade License Updates Reflecting New Business Locations – Ensuring all records reflect the updated address.
Removal of Partner
Facilitate the smooth exit of a partner from your business while maintaining compliance with UAE business laws.
- Drafting Legal Agreements and Resolution Documents – Ensuring a legally binding agreement for the departing partner.
- Approval from DED and Other Regulatory Bodies – Obtaining necessary approvals from governing bodies.
- Financial Settlement and Share Transfer Procedures – Ensuring a smooth financial transition.
Addition of Partner
Expand your business by adding a new partner with a legally binding process.
- Shareholding Agreements and Documentation – Drafting the necessary legal documents.
- Compliance Verification with DED – Ensuring all additions follow UAE regulations.
- Partner Registration and Trade License Modification – Updating the company’s structure accordingly.
License Transfer
Efficiently transfer your trade license to another entity or individual.
- Ownership Transfer Documentation – Ensuring the legal transfer of business ownership.
- Regulatory Approval – Obtaining the necessary permissions from DED.
- Finalizing the Legal Transition – Completing the process smoothly and efficiently.
Addition & Removal of Manager
Update managerial roles within your business legally and efficiently.
- Manager Resignation or Appointment Documentation – Drafting required contracts and agreements.
- Contract Modifications Reflecting New Management – Ensuring accurate records.
- Submission to DED for Approval and License Updates – Completing the process in compliance with legal requirements.
Capital Amendment
Modify your company’s capital structure with proper regulatory approval.
- Assistance in Increasing or Decreasing Capital – Preparing financial documents for approval.
- Compliance with UAE Financial Regulations – Ensuring transparency in capital adjustments
- Legal Document Amendments and Submission – Facilitating the approval process with relevant authorities..
Trade Name Changing
Secure a new trade name aligned with your brand and business activities.
- Name Availability Check and Reservation – Ensuring uniqueness and compliance.
- Approval from the Department of Economic Development – Obtaining necessary clearances.
- Trade License Update Reflecting the New Name – Modifying business records accordingly.