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15 April 2024

DED and DIFC Authority sign licensing pact

By Staff Writer

The Dubai Department of Economic Development (DED) and the Dubai International Financial Centre Authority (DIFC Authority) have signed a co-operation agreement to unify licensing procedures and further enhance the business environment for investors in Dubai.

As per the agreement, the DIFC Authority will use the DED's licensing and trade name registration system for registering companies in the financial district. This will support the Dubai government's effort to unify the registration procedures for trade names and avoid their duplication across the emirate.

Sami Al Qamzi, Director- General, DED, and Abdullah Mohammed Al Awar, CEO of the DIFC Authority, signed the agreement.

"The agreement is in line with DED's objective of achieving the vision of the Dubai Government in further developing the various economic sectors and providing a business-friendly environment – a key factor for the continued growth of Dubai. DED will assist investors by co-ordinating with other government departments and authorities in achieving the goal of simplifying rules and regulations to set up businesses," said Al Qamzi.

"We are pleased to sign the agreement with the DIFC Authority, which will contribute to enhancing the level of services provided to customers by exchanging expertise and information to raise the level of services,'' he said.


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