ded branch licensing
At twofour54, we are constantly looking at ways to improve the ease of doing business for our partners to help them grow. As part of this ongoing effort, we have signed an agreement with Abu Dhabi Department of Economic Development (‘DED’), that allows firms licensed by the Media Zone Authority – Abu Dhabi (‘MZA’) to apply for a DED branch licence in addition to their existing free zone licence, without the need to have a second additional onshore office or premises.
The licence, often referred to as an ‘onshore’ licence, helps firms more freely carry out their commercial activities, as well as take part in more tenders for government and semi-government entities.
To help partners interested in applying for a branch licence, twofour54 has prepared this guide to explain the benefits and the process involved.
frequently asked questions
What is the agreement?
The agreement is between the Media Zone Authority – Abu Dhabi and Abu Dhabi Department of Economic Development (‘DED’). It allows firms licensed by the Media Zone Authority – Abu Dhabi to apply for a DED branch licence in addition to their existing free zone licence.
Why should I apply for the licence?
An ‘onshore’ licence, as it is also known, helps firms more freely carry out their commercial activities as well as take part in more contracts and tenders for government and semi-government entities.
This means you will have access to much more business and this can help your company grow.
Will I have to open an office outside twofour54?
No, the benefit of this agreement is that you can obtain a branch licence without the need to have a second additional onshore office or premises.
This means that you will continue operating at our thriving media ecosystem while also having the opportunity to operate onshore.
How do I apply for the licence?
Firstly, inform our government affairs team at twofour54 that you would like to obtain a DED branch licence then you will need to submit the relevant documentation to the Department of Economic Development (DED), through twofour54’s team.
The documents you will need are: Trade Name Application, Passport, Emirates ID, Family Book (UAE nationals only), Board Resolution- Notary Public, Power of Attorney (POA)- Notary Public, Memorandum and Article of Association (MOA and AOA) – MZA Certified, Business License – MZA Certified, Specimen Signature (notary public), Certificate of Incorporation (COI) – MZA Certified, and an undertaking letter.
There are a series of requirements that you will need to meet, such as registering your entity with the Ministry of Economy and becoming a member of the Abu Dhabi Chamber. Our team is on hand to help; contact: email@example.com. For a step-by-step guide to the process visit this link.
How much time does it take to obtain the licence?
The precise length of time depends on the timeline for approving the various documents. However, if all the requirements are met, we estimate that the process will take about 3-4 weeks.
How much does it cost?
The total amount will vary depending on the circumstances of your business.
We recommend talking to our government affairs department to find out how much it will cost for you firstname.lastname@example.org.
How can twofour54 support my application?
twofour54 is actively encouraging and supporting partners through the process to enable them to take advantage of this new commercial opportunity. Our government affairs department can advise you throughout the process. You can contact them via email email@example.com.
Have any partners obtained the licence so far?
Three media companies based at twofour54 have already taken advantage of the new agreement including production house Media Mania, creative communications agency All About Brands and Performance Marketing Agency Mesasix. We expect many more to apply now that the partnership has been announced.