The UAE Commercial Companies Law (CCL) sets out the rules to incorporate a limited liability company (LLC) in Dubai. All company incorporations, outside of free zones, are handled by the Dubai Department of Economic Development (DED). The CCL includes an important clause limiting foreign ownership. Any company established in Dubai must have a UAE or GCC national shareholder holding at least fifty one percent of the capital. Foreign investors generally put in place arrangements to protect their minority interest. TAM Businessmen Services provides advice on the terms of those arrangements commonly known as “side agreements”. We have helped hundreds of business owners by providing them peace of mind when it comes to incorporating a business in Dubai via the DED.

Dubai Economy (Department of Economic Development – Government of Dubai) is the government body entrusted to set and drive the economic agenda of the emirate of Dubai, UAE. Dubai Economy supports the structural transformation of Dubai into a diversified, innovative service-based economy that aims to improve the business environment and accelerate productivity growth. Dubai Economy and its agencies develop economic plans and policies, identify and support the growth of strategic sectors, and provide services to domestic and international investors and businesses.

The Department of Economic Development (DED) was initiated with a mission to contribute to economic planning and business sector regulation by recommending policies and preparing development programmes and projects by developing the best resources possible.

The three goals of the Department of Economic Department are:
1. Contributing to achieve Dubai Government’s vision and developing the different economic sectors.
2. Prepare a competitive investment environment to attract local and foreign investment and organizing the business sector according to best practices.
3. Provide the best human, financial and technical resource and supportive environment for creativity and excellence.