Journey Of Economic Despartment
1981 First local economic department in the history of United Arba Emirates
About Department of Economic Development
In April of 1981, His Highness Dr. Sheikh Sultan Bin Mohammed Al-Qasimi, member of the Supreme Council, Ruler of the Emirate of Sharjah, issued the Amiri Decree No.18 establishing "The Economic Department", and thus founded the first local economic department in the history of the United Arab Emirates. This Department was to take over the local authority for the application of federal laws related to economic affairs, as well as the application of local decrees and orders related to the economy of the Emirate. According to the decree mentioned above;the Department was established and included the following sections:
- Commercial Registration Section
- Companies Section
- Planning, Research and Statistics Section
Functions of the Department
Preparing and implementing the economic plans in the Emirate.
Conducting researches and modernizing investing systems for the proper use of the resources in the Emirate. Facilitating investment.
Representing the Ministry of Economy as a competent authority in the application of federal economic laws.
Issuing licenses for the practice of economic activities and controlling the application of economic performance and bettering investment climate as well as making recommendations on federal laws. Collecting and analyzing statistics and conducting economic studies.
Services of the Department
Licensing Services :
- Renewing and issuing licenses
- Sales and Clearance.
- Promotional Campaigns.
- Advertising Signs.
- Business Booths.
- Trade fairs and Conferences.
- Additional Activities
Inspection Services and Business Control:
- Irregularities Inquiry.
- Fee payment of irregularities .
- Scheduling appointments for Technical evaluations.