Dubai being the most extensive and diversified region of UAE, there are numerous business opportunities in this region to attend foreign trade and international investors each year. In order to facilitate foreign investors and to make business setup in the city more convenient and cost effective, The Dubai Department of Economic development came up with the plan to offer co working space in any of approved business sustainability center.
What is Business Sustainability Center?
Business sustainability center is an area attached to the business center which includes many furnished office spaces and provided with technical support and office services to create a suitable environment for business practice with total area not less than 2000 Sq. ft. aims to contribute to the sustainability of business in the Emirates of Dubai.
How Co working Space Works?
You can actually reduce the annual office cost from your business by renting a co working space holding Minimum 50Sqft with an approved business sustainability center that meets DED Regulations.
Limitations of Co working Space
- Co working space is actually limited to certain kind of business activities only and not available for any activities which require bigger office space and same can be checked & verified with DED on case to case basis.
- It serves Limited Visa approvals per desk which varies according to business activities.
How to register your license under Co working Space?
- Choose an approved Business Sustainability Center under any Business Center.
- Book a Co working Space with them which suits your requirements.
- Collect an Internal agreement and Tenancy Contract (Ejari) of Business Center.
- Submit the above in Dubai Economic Department along with Initial Approval of trade license to obtain Final Trade License Copy.
- Working Space is well recognized space with DED which is built under Business Sustainability Center with an activity code 701020.
- It is absolutely legitimate to hold 50sqft with an approved sustainability center where whole possession process meets DED regulations.
- One can freely enjoy and market the following:
- Business Centre address
- Co-working Space
- Premium location
- Dedicated switchboard number
Cost & Availability of Co working Space
Co working space is available with Numerous Business center starting from 1800AED per Month onwards and it varies as per the location selected. You can well have your own dedicated desk of 50sqft each with complete access on the technical support & office amenities available in the Business center.
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This blog post is written by Ms. Shweta. Feel free to call our Business Adviser today for a quality consultation relating your queries. Please send inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366.