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Business setup in Dubai requires obtaining Trade License in Dubai. Know about types of trade licenses, step-by-step procedure and trade license renewal.
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Trade License in Dubai: Types, Procedures, Trade License in Dubai: Types, Procedures, Fees, and Renewal Fees, and Renewal Obtaining a Trade license in Dubai is one of the initial steps towards your dream of owning a business at the most prominent economic hub of the world. The business setup in Dubai allows various options for Individuals such as mainland company formation, offshore company formation, andfree zone company formation.
Trade License in Dubai: Types, Procedures, Fees, Trade License in Dubai: Types, Procedures, Fees, and Renewal and Renewal Before you setup business in Dubai, it is necessary to go through the complete process, which starts from trade name registration in Dubai and ends as your company starts functioning. In the whole process, you need to get a trade license in Dubai asper your business activities andpreferred company structure. Let’s Let’sget getstarted startedby byknowing knowingwhat whatexactly exactlytrade tradelicense licensein in Dubai Dubaiis is: : While setting up a company in Dubai, UAE, you need to have specific permissions for conducting business activities. Trade license in Dubai allows you to conduct most of the activities in the UAE. It is issued by the Department of Economic Development (DED),popularlyknown as DED Dubai, and thus, can be called a DEDTradeLicense.
Trade License in Dubai: Types, Procedures, Fees, Trade License in Dubai: Types, Procedures, Fees, and Renewal and Renewal It is alsoknown as general tradelicense, and it supportsthe following activities: For the company formation in Dubai mainland or free zone, this license serves as the gateway of importingandexporting material to andfrom UAE, respectively. • A license in Dubai will allow you to sell goods and services in the various parts of emirates. • It is alsonecessary for professional services suchas healthcare and art galleries, etc. •
Types of Trade License Types of Trade License Business activities supported Business activities supported This company manufacturing of products, importing the raw material required for the product, and exporting the product. When you seek an industrial license, make sure you have a physical office in Dubai asit is mandatory. license allows conduct the the Industrial Industrial License License The commercial license in Dubai allows a company to conducts trade such as buying and selling goods. You can only perform the activities for the items mentioned on the license. to Commercial Commercial License License activities Trade License Trade License finished
Types of Trade License Types of Trade License Business activities supported Business activities supported Tourism Tourism License License This license is, particularly for the service providers and professionals. advantage of this license is you don’t need to have a local sponsor; you can have 100% company ownership. As Dubai exclusively values Tourism, it has a separate license for engaging in sector. The rules, regulations, taxes, compliance, permissions are different for thissector. Professional Professional License License The main companies the tourism Trade License Trade License and
Trade License: Step by Step Procedure Trade License: Step by Step Procedure Trade name registration in Dubai and Trade name registration in Dubai and obtaining initial approval obtaining initial approval You first need to reserve a trade name for your company by applying to DED Dubai. If the company name is available, the permit will be provided. In addition, you need to apply for initial permission for the business activities; you are going to conduct using your Dubai trade license. Company’s Memorandum of Association Company’s Memorandum of Association Notarization Notarization In order to obtain a trade license in Dubai, it is necessary to conduct notarization of the company’s MOA. One can do notarization in less than a day at DED Dubai. One needs tofile a tradelicense application along with it. 01 02
Trade License: Step by Step Procedure Submission of Documents Submission of Documents Document submission is not only required for getting a Dubai trade license but also for membership registration with the Dubai Chamber of councils. For submission of the required original document, the applicant needs to visit the commercial registry present at the DED Dubai. If the documents are complete and legit, the name of the company is added tothe Commercial Register. Then these documents, MOA and trade license application form is forwarded to the Federal Ministry of Economy. 03
Getting Instant Dubai Trade License Getting Instant Dubai Trade License Can’t wait to set up a company in Dubai? Luckily, there’s an option Can’t wait to set up a company in Dubai? Luckily, there’s an option You must be expecting that there would be a long wait before your company starts functioning. Thoughthe process seems tobe time-consuming, there is an alternative. It is possible to obtain Dubai economic department trade license instantly. If your business activities require a commercial trade license or professional trade license, you can get it in five minutes. It doesn’t even require MOA or the rent contract for the initial year. However, this license is limited to the business setup in Dubai, whose activities don’t require external approval, i.e., approval from government bodies other than DED. You can apply through DED’s e-service portal, happiness lounge, service centers, andsmartlounges with minimal documents.
Getting E Getting E- -Trader License in Dubai Trader License in Dubai License for home License for home- -based businesses based businesses E-trader license has some special features. The Department of Economic Development Dubai has introduced this E-Trader license. This license allows conducting and promoting the business through online mediums. However, there can be the only home-based businesses owning this license. Therefore, it is suitable for business owners who don’t require local partners. As only a single owner can own a DED Trader License, one needs to have 100% ownership of the company. Further, E-Trader License does not require submission of ejari documents as physical office space is not required for thistype of license.
How to renew Dubai Economic Department How to renew Dubai Economic Department Trade License Trade License Trade License Renewal in Dubai Trade License Renewal in Dubai 1 1. .A A requirement requirementof of Tenancy TenancyContract Contract It is necessary to have a tenancy contract that has at least one month of validity from the expiration date of the Dubai Trade License. In case if your tenancy contract is not having the required validity period, you need to get that renewed first.
How to renew Dubai Economic Department How to renew Dubai Economic Department Trade License Trade License 2 2. .License License Renewal RenewalApplication Application For doing business in Dubai, you need to renew the license by applying for renewal at DED and submitting the required documents. The process is facile, and you need to submit a minimal number of documents mentioned below : 1. A typed BR/1 form 2. Copy of Tenancy Contract 3. Copy of current Trade License 4. Passport copies of business partners and investors
How to renew Dubai Economic Department How to renew Dubai Economic Department Trade License Trade License 3. 3. Make Makethe thePayment Payment After the documents are submitted, and the authenticity is approved, you receive a DED voucher for making the payment. You need to make the payment, and then you will instantly get your license renewed.
Advantages of having a Trade License in Dubai Advantages of having a Trade License in Dubai Benefits of a DED Trade License Benefits of a DED Trade License Import dutyis low • Paid-upcapital is not necessary • 100% repatriation not only on capitalbut alsoon profit • A wide range of banking benefits • Tax-free jurisdiction • Providesgateway for local aswell as international trading •
Trade License Dubai Fee Trade License Dubai Fee DED DEDTrade TradeLicense LicenseFee Fee The trade license in Dubai’s cost varies as per your business activities and requirements. However, if one goes through the general charges, he can find out the totalcost. The License Fee starts from AED 12,000. Activity fees start from AED 150 to 500 depending upon the type of business activity. There are a few more requirements where you need to let go of your pennies, such as activity class guide fees, license replacement, license translationfees, etc. Please note that this fee is only the official fee for obtaining the tradelicense and not the complete company formation in Dubai.
FAQs FAQs Company Formation in Dubai Company Formation in Dubai What are the duties a company needs to fulfill after What are the duties a company needs to fulfill after getting a trade license in Dubai? getting a trade license in Dubai? A company needs to fulfill the following duties after obtaining a trade license in Dubai: 1. Applyfor the establishment card 2. Native workers’ registration with the Labor Ministry 3. Native workers’ registration with the General Authority of Pension and Social Security Is it required to own separate trade licenses in Is it required to own separate trade licenses in Dubai for different product categories? Dubai for different product categories? No, you can conduct business activities for different products through one singleDubai trade license by the Dubai Economic Department.
FAQs FAQs Is it mandatory to obtain a trade license even for Is it mandatory to obtain a trade license even for the companies that are opening a company branch the companies that are opening a company branch in Dubai? in Dubai? Yes, even if you are setting up an office branch in Dubai, you need to register for the Dubaitradelicense. Is there any need to obtain other licenses besides Is there any need to obtain other licenses besides getting a trade license in Dubai? getting a trade license in Dubai? Yes, DED Dubai only provides a trade license in Dubai for certain business activities. There could be a possibility that for your business activities, you need to take permission from other government authorities. For more information, you can check the official website of DED Dubai.
Contact Us Contact Us Register a Company in Dubai Register a Company in Dubai Dubai is the hub where businesses build professional connections and help each other to flourish. N R Doshi and Partners know the inimitability and importance of this emirate. Besides, the Dubai trade license, we will also guide you through the complete process for business setup in Dubai. The team is blessed by experts who have completed a considerable number of projects related to mainland company formation, offshore company formation, and free zone company formation in Dubai as well as other parts of the UAE. Let us take care of your company formation in UAE and getting a DED trade license. You focus on core business activities, and we handle the business setup activities.
