Dubai: Dubai FDI, the investment development agency of Dubai Economy (DED), on Tuesday said it had signed an agreement with VFS Global, a visa processing agency, to provide smooth services for investors in the emirate.

The memorandum of understanding (MoU) was signed by Fahad Al Gergawi, Dubai FDI chief executive, and Zubin Karkaria, VFS Global chief executive, in the presence of other senior officials from both parties. Under the agreement, VFS Global will provide and manage administrative tasks related to visa, passport, identity management and other citizen services for Dubai FDI’s investor partners and enable them to successfully pursue their business initiatives in a “hassle-free manner.”

The agreement is in line with the DED’s strategy to make it easier for companies to do business in Dubai, and save time for investors. The pair say that they hope the agreement will drive the UAE’s position as one of the leading countries on the Ease of Doing Business Index by the World Bank.

“Dubai FDI continuously develops its portfolio of services that enables investors to enjoy the best business opportunities in Dubai. Processing documents is among the most essential requirements every investor needs to move ahead with their investment plans and explore the prospects within the emirate,” Al Gergawi said in a statement.

“We look to extend these services by facilitating them through our established partners. VFS Global has been working with the Dubai government through Dubai Economy and we are confident their services would deliver top-level performances for our valued investors.”