How Can I Get an Instant Trade Licence in Dubai

1. HOW CAN I GET AN INSTANT TRADE LICENCE IN DUBAI?

2. HOW CAN I GET AN INSTANT TRADE LICENCE IN DUBAI? Dubai is always known for taking advanced initiatives to establish visionary leadership in the world of business. One such initiative is an instant trade licence in Dubai. According to the stats, the number of instant trade licence owners in Q1 2020 reached 1,746 in UAE. This indicates more and more entrepreneurs prefer this process today. An Instant Licence in Dubai reduces human interaction through automated licensing procedures and makes it easy to access a business licence within a few hours. With an instant licence comes a guarantee that entrepreneurs can start immediately after securing the licence. They can complete the remaining requirements of the trade licence, such as paperwork and approvals from relevant legal departments. their business activity

3. What are the Benefits of Instant trade Licence in Dubai? There are numerous benefits of applying for an instant trade licence in Dubai. A few prominent ones are as follows: 1. 2. 3. The application process is conducted online and is straightforward. The application process only takes a few minutes to complete. The complicated process of a tenancy contract or Ejari for a physical office is optional. You are allowed to work from a virtual space for the first year. Moreover, you get time to settle down and find an office during the first year of operation. You can then shift your office to a physical space in the next year. There is little paperwork. Waste no time in acquiring additional approvals or requests The business setup formalities are cost-effective Applying for an instant licence is considered one of the best ways to explore the Dubai markets and analyse growth probability and feasibility. 4. 5. 6. 7. 8.

4. An instant trade licence can be obtained for four business legal forms – limited liability company proprietorship company. Furthermore, keep in mind that instant licences in Dubai may only be granted for operations that do not need any authorisation. that require approvals from Dubai Municipality, ministries or department cannot apply for an instant licence. What are the Eligibility Criteria to Get an Instant trade Licence in Dubai? LLC, sole civil and external Companies the any other

5. What is The Process to Secure an Instant Licence in Dubai? Pay the required one-time instant licence fees, and you will receive your licence. Visit the Shuraa London Branch office. Choose structure: LLC, LLC-SO, Civil Company, or Sole Proprietorship. a legal type or company Select the business activities you wish to operate from the list of options provided by the DED. Take a decision on the shareholding structure for your business corporation. Decide on and submit at least three possible trade names for your company. Decide on the share capital of your business corporation. Once you submit the application, you will receive a payment voucher on your registered email ID. Attach the necessary documents. You can begin trading right after you receive your trade licence from the Department of Economic Development.

6. What are The Required Documents to Get an Instant Licence in Dubai? If you choose to apply through outsourced service centres, you need: If you choose to apply through E- Services, you need: 1. You documents Visit the concerned legal department with your original ID to create an account on the Dubai ID Smart pass (if you don’t have an existing account) Submit your trade name registration certificate and selected activities. Additionally, details of the commercial registry, all the business partners and managers. do not need any additional 1. 2. 3. 4. Passport copies of all partners. Original Emirates ID and Residence visa copy No Objection Letter from current employer In case you apply for a General Trading licence in Dubai, you need to apply for DED e-services and obtain a Dubai Smart Pass ID. Submit the slip of your registered trade name and selected business activities. Additionally, share the details for the commercial registry, all business partners and managers. 2. 5. 3. business present the

7. What is The Cost of an Instant Trade licence in Dubai? Recently, the Dubai Economy reduced the amount of an instant trade licence cost in Dubai by over 90 per cent, from 3,000 AED to 250 AED. This includes the cost of trade name registration. Moreover, the new fee for Dubai trade licence cost will apply at the time of renewals for the existing licence holders. If you are new to Dubai, you will also need to consider the visa application cost for you and your dependents.

8. Connect With Shuraa UK If you’re a British citizen who wants to establish a business in Dubai without spending too much time completing the legal formalities, an instant trade licence in Dubai is the best option for you. However, if you’re new to the process, it is best to partner with a business consultancy to ease the process for you. Business setup consultants at the Shuraa UK branch can help you acquire an instant trade licence within a few minutes. We have prior experience and can complete all the necessary formalities on your behalf in no time. Hence, while we seamlessly take care of the registration process along with other legal formalities, you can focus on planning and other essential tasks. We will do everything from gathering important documents to acquiring permission and approvals to getting your instant licence at affordable service rates. All we need from you is to call us, share all your business details, some personal information, and your requirements, and we will take care of it all.

9. CONTACT US : +44 7538 205604 THANK YOU info@shuraa.com www.shuraa.co.uk Shuraa Business Setup London Br. 9 Fisher’s Lane, Chiswick, London W4 1RX We look forward to working with you