DED Initial Approval
Your First Step Towards Your Business Setup
DED initial approval is necessary for every company in Dubai that is founded to provide a certain good or service. The Department of Economic Development's (DED) acceptance of the business's activities constitutes receiving the initial approval. A corporation that has received initial clearance is also able to offer a specific product or engage in a specific activity legally.
In most cases, applicants can submit both their initial approval and trade name approval applications simultaneously.
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Purpose of requesting DED Initial Approval
The purpose of requesting initial approval is:
- Acquiring a lease agreement for a business location.
- Obtaining consent from additional parties for economic activity that calls for consent from the relevant external authorities.
Shareholder Liquidation
Shareholder liquidation is also know as volunteer liquidation. A company may choose to voluntarily dissolve itself for a number of reasons, including the passing of the fixed term, the accomplishment of the original purpose for its formation, the termination of its objectives, a merger with another company, ongoing business losses, and the inability of the company to pay its debts. To prevent more losses, the company's shareholders decide to terminate the business.
Compulsory Liquidation
The term "compulsory Liquidation" refers to the forced measure taken when a corporation commits a major legal violation or becomes unable to conduct its activities. It also takes effect when creditors complain about the business to local regulatory or law enforcement authorities in order to recover their receivables. The local government then acts to compel the company's liquidation while assisting the creditors in recouping their losses.
Document Required for DED Initial Approval
The specific documents required for initial approval can vary depending on the context and the nature of the application or authorization process. However, here are some common types of documents that may be requested during the initial approval stage:
- Unified number or ID number.
- The parent company’s board resolution to open a branch in Dubai.
- List of all activities.
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With us you will get your DED Initial Approval smooth & hassle free.
Our experienced team will guide you through the documentation requirements, streamline the application process, and increase your chances of obtaining the desired approval. Trust us to navigate the complexities, ensure compliance, and provide comprehensive support at every step. With our expertise, you can confidently submit the necessary documents and position yourself for a favorable initial approval outcome.
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