Business Trade License in Dubai: Everything You Need to Know
Posted by Socialite Consultancy Services on February 26th, 2020
Setting up a new business in any country requires getting a business and trade license from the authority to start its operations under the regulations of that country. And, the UAE has no exception, if you are a foreign investor who is setting up a new company in Dubai; you must pay attention to all the business regulations and company laws in the country. Getting a business license is one such requirement in order to have a company up and running. A commercial trade license in Dubai is the most sought out business license by many foreign investors to establish their operations in the country.
To start a new business in Dubai, everyone needs to go through the normal licensing procedure to take governmental permits under business and trade regulations. The business trade license in Dubai is approved and issued by the Department of Economic Development (DED) in Dubai. The type of business license in Dubai depends on the business activity of your company. Depending on your company’s operation and activity, the Department of Economic Development issues mainly three types of trade license:
Getting a business trade license in Dubai can cost you anywhere around 15000 AED - 50000 AED. It depends on many factors such as company sponsor, partnerships, location of the company, region of the business establishment, business structure, business activity, etc. One should also be aware of the fact that a business trade license in Dubai requires renewal annually as per the company law.
Here’re the top reasons why you need a trade license to do business in Dubai:
Commercial trade license in Dubai is also termed as the general trade license and issued to the business owners involved in the activities like general trading, contracting, real estate, transportation, healthcare, and others as authorized by the DED.
How to get a trade license in Dubai?
You need to follow the following steps while applying for a trade license:
Documents required for getting a General Trading License in Dubai
Once you are well aware of all the procedures and ready with all the documents, you are ready to apply for the trade license for your business. You can take the help of a business consultancy firm to get through the whole application process. This will help you in finding out the right business license for your activities and the documents required during the application process. A professional business consultant will help you in getting your trade license quickly and easily.
About the AuthorSocialite Consultancy Services
Joined: February 26th, 2020
Articles Posted: 2
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