In the Arabic language, “Estidama” is the word for sustainability. The Estidama program is a key part of the “Abu Dhabi Vision 2030”. It is a building design methodology that will allow buildings to be constructed and also operated sustainably. Even if Estidama took its root in Abu Dhabi, it is currently under work in all the emirates of the UAE.
Previously, to obtain a trade license for any mainland businesses in Dubai and the UAE, they had to rent a physical office space. The office had to be a minimum size of 200 square feet according to the Department of Economic Development in Dubai. After a business had rented such office space, officials from the Department of Economic Development in Dubai would come and inspect the office. If they approved of the space, only then they would issue a trade license. However, recently the Department of Economic Development in Dubai started to permit smaller businesses to rent virtual offices and still be able to apply for trade licenses. This route is more sustainable for smaller businesses and hence it is named the Estidama lease contract. The Estidama lease contract is basically a contract for a virtual office. With the Estidama lease contract, you get a complete lease agreement, which is a requirement for getting a trade license in the UAE. You can get in contact with Estidama consultants in Dubai and get Estidama offices in business centers here easily.
Until recently DED required a permanent office of minimum 200sqft in order to issue its License. In line with the different developments to attract investors, Department of Economic Development has started issuing Licenses without office space. So instead of getting a permanent office space which takes a big junk from your budget, you can get an Estidama / Sustainability Contract which is like a virtual office. You get a Lease Agreement for the company which enables you to get up to 4 employment visas. This is a great initiative by DED which comes at the right time when Business men and Entrepreneurs are looking for cutting down their costs. This is applicable for new companies and for existing companies who want to reduce their Lease cost. For those who want to test the market at affordable price and want the freedom to do business inside UAE and anywhere in the world “DED License with ESTIDAMA” is the right choice for you.