Dubai Department of Economic Development simplifies licensing procedures
The Business Registration and Licensing Division at the Dubai Department of Economic Development (DED) has terminated the use of ‘Smart Chip’ in administering trade licenses, advertisement permits, banking collaterals and bank deposit certificates at its branches.
This initiative comes as part of DED’s restructuring of several licensing procedures to simplify doing business in Dubai.
His Excellency Mr Sami Al Qamzi, Director General, DED, said: “DED’s strategic objective is to create an investor-friendly environment in Dubai which will encourage investors to consider Dubai as their investment destination of choice. We have therefore simplified several licensing procedures to further ease the process of setting up businesses.”
“The Business Registration and Licensing Division at DED is constantly looking for ways to ease trade licensing procedures,” said Mr Mohammed Shael, CEO, Business Registration and Licensing Division, DED. “Terminating the use of the Smart Chip will help customers save much time and effort. They can now set up businesses with the minimum of procedures and paperwork.”
