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DED Services

The Department of Economic Development is a government body that oversees and regulates the economic agenda of the emirate of Dubai.
Dubai Tax Residence Certificate
The tax residency certificate is an official document issued by the UAE's ministry of finance. It is used to establish the country of tax residence for a legal entity or a company. The certificate can be issued to either a company registered in the UAE or an individual living here. The certificate has a year's validity, and once it expires, it needs to be renewed.

What are the objectives of the certificate?

The certificate is issued for the following reasons:

- It helps applicants avoid paying taxes in two or more countries.
- It proves that the applicant is residing in the UAE.
- It makes the process of cross-border trade and investment easier.
- It helps diversify the economy.
- It encourages development in the UAE.

Why is it important?

It helps the government know which country a person is a tax resident of. This is mandatory mainly for those who earn incomes from two or more countries. It is crucial as it ensures that one does not break any laws and face legal ramifications.

If a person does not apply for a tax residency certificate, they could be forced to pay the tax for all the countries they operate in. Failure to make the payment could be counted as tax evasion and may result in asset seizure and imprisonment.

A person can be a tax resident in one country, and it has to be noted that it does not always exempt them from taxes in others. For example, some countries do tax income earned by foreigners regardless of where their tax residence is.

How to apply for it?

Individuals can apply for the certificate by themselves; however, this can be a time-consuming process. You can submit the documents to us, and we will handle the rest of the application process on your behalf. Our team is equipped with thorough knowledge of the process. We will deliver the certificate to you within a short period.

What are the necessary documents?

To apply for the tax residency certificate, a person will need to submit the following documents.

UAE Citizens:

- Emirates ID copy
- Copy of the Passport
- Copy of the Residency
- Source of income
- Official bank statement
- Immigration report of residency

Expatriates:

- Trade license copy
- Authorized signatory's passport copy
- Authorized signatory's Emirates ID copy
- Certified tenancy contract
- Audited financial statement
- Official bank statement
Memorandum of association or any other relevant document

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    The past decade has shown incredible growth within the Dubai economy. Dubai's economy is no longer being resilient in the oil sector. It is continuously becoming diversified with a heavy focus on trade services and finance sectors. Dubai is currently taking a strategic approach towards becoming the capital of the Islamic economy.

    This strategic direction has persuaded the DED (The department of economic development) Dubai to be exceptionally forward-thinking when setting up and running a business in the UAE. DED is a government body that oversees and regulates the economic performance of Dubai. DED draws and executes strategic plans and policies relating to businesses in a way that will improve and accelerate the sustainable growth of Dubai's economy.

    The first step for any business formation and to the successful progress of its operation is to familiarize with the policies and procedures set by the DED. By law, all businesses are mandated to follow the DED's respective standards, policies, and procedures.

    Depending on the business sector, stage of business growth, and other requirements, a business will want to obtain different DED services. Each service calls for a different set of procedures to be followed.

    Divisions Of DED In Dubai

    DED is categorized into four main divisions - each categorization is dedicated to supporting different sectors of Dubai’s economy. Below is a breakdown of these categorizations.

    Dubai Exports: Responsible for overseeing operations and supporting the buyers and suppliers in the export sector in Dubai and the UAE.

    Dubai FDI: Focuses on regulating and supporting the foreign businesses looking to invest in Dubai’s economy.

    Dubai SME: This division is specifically dedicated to moderate and support the small and medium enterprise sectors in Dubai

    Dubai Economy: Also referred to as the Dubai competitiveness office, this is categorized to assure all business and business operations are conducted in coordination with the local, federal, regional, and international organizations.

    Services provided by DED

    Below are the common services (not limited to) provided by DED:

    DED License Services

    - Instant license
    - Issue branch initial approval
    - Issue initial approval
    - Regulate license activities’ terms and conditions
    - Manage license contact
    - Pay any applicable inspection fines
    - Print license
    - Renew license of the business
    - Renew trade name of the business
    - Reserve trade name of the business
    - Update the mobile number of the business

    Legal contract-related services

    - Issue legal contract for licensing a business
    - Approve legal contract
    - Print legal contract

    DED services of a new company

    - Choosing business activities
    - Consultation related to new company establishment
    - DED inquiry appointment
    - Final initial approval
    - Initial inquiry approval
    - Issuance license
    - Issuance payment permit for issuing license
    - New business registration
    - Registration amendment
    - Registration cancellation
    - Trade name reservation
    - Typing registration & licensing application form

    DED services of an existing company

    - Adding a new business activity
    - Adding new partners to a business
    - Assignment of license
    - Cancelling a business activity
    - Changing business activity
    - Changing the legal form of the business
    - Changing or appointing an agent
    - Changing or the appointment of a manager
    - Changing the company location
    - Changing trade or company name
    - License amendment (this includes updating any information such as p.o. Box, telephone, landline)
    - Renewing license
    - Stopping activity/establishment/company
    Withdrawal of an existing partner

    All these processes are specific, precise, and require uncompromised attention as they concern legal compliance. At Perfect Plus, we offer a one-spot solution for all your DED service requirements in a hustle-free manner. By allowing our professionals at Perfect Plus to handle your DED service requirements, you can focus on the core business activities and give them the undivided attention they require. Should you have any questions, fill out the form below for a free consultation.

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      Perfect Plus About Us
      Perfect Plus Business Solutions is a pioneering business management company that provides professional Business services for all types of businesses in UAE and international organizations. We operate from our office in Dubai and we specialize in the implementation of various governmental transactions.
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      Perfect Plus Business Services About Us
      Perfect Business Solutions is a pioneering business management company that provides professional Business services for all types of businesses in UAE and international organizations. We operate from our office in Dubai and we specialize in the implementation of various governmental transactions.
      OUR LOCATIONSWhere To Find Us?
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      GET IN TOUCHPerfect Plus Social links