ArchivesDED teams up with DIFC Authority
Sunday, 28 February 2010
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The Dubai Department of Economic Development (DED) and the Dubai International Financial Centre Authority (DIFC Authority) have signed a cooperation 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 of the DED, and Abdullah Mohammed Al Awar, CEO of the DIFC Authority, signed the agreement.
The DED will accredit the classification of economic activities relating to the DIFC Authority in accordance with international standards. This is aimed at creating a special classification of economic activities of companies and corporations whose activities fall under the DIFC Authority. The DIFC Authority will provide the DED with the economic activities to be accredited according to international standards.
