Most of the businessmen and Investors in Dubai have no idea about what EJARI/ESTIDAMA Contract is and why do they need them. For every Business in Dubai, these are some mandatory documents that have to be presented for the procedure of getting their new Business License or Renewal in Dubai.
Let’s understand what is EJARI and ESTIDAMA and why you need them for your business!
WHAT IS EJARI?
Ejari essentially translates into ‘My Rent’ in Arabic. It does not get any simpler than that. An initiative by the Real Estate Regulatory Agency (Rera) to regulate and facilitate the rental market of Dubai, it effectively manages the relationship between landlords and tenants in Dubai and UAE.
HOW DOES IT WORK?
An EJARI is required for getting a trade license in Dubai and the UAE. And you need to rent a physical place to get an EJARI. That means you can use that EJARI to apply for a trade license in Dubai. You will receive a business address from the business center from where you got the EJARI contract. Even if you will not work from that address, you can use it for your business purposes. For example, when filling up official forms for your business, you can use that EJARI address as your business address. Also, you get free usage of their P.O. BOX, E-mail Address and Reception Services.
At IBEX BUSINESS CENTER LLC, you get access to Prime Location Business Address and other facilities included with EJARI.
For the best deals on Ejari, Contact us at 971523775789 or ClICK HERE and one of our representatives will get in touch with you!
WHAT IS ESTIDAMA?
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. It currently works in all emirates in the UAE.
HOW DOES IT WORK?
Earlier, to obtain a trade license for any mainland businesses in Dubai and the UAE, Individuals 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 of Dubai to the individuals.
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 solution is more sustainable for smaller businesses in Dubai 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 and Dubai.
At IBEX BUSINESS CENTER LLC, you get access to Prime Location Business Address and other facilities included with ESTIDAMA.
For the best deals on ESTIDAMA, Contact us at 971523775789 or ClICK HERE and one of our representatives will get in touch with you!