The Dubai trade license is a necessary document for businesses to carry out their work in Dubai, giving them the credibility to operate within the Emirate. It puts across the thought of you being a private firm that is officially recognized, thus giving you the possibility to transact with partners, deposit money in the bank, and conclude contracts. The entire process is not difficult if you get the correct license type and submit all the required documents. It will be time-consuming, but with the initially provided services, you can sail through this smoothly.
Business Trade License in Dubai
Why You Need a Trade License
Our Services
Types of Trade Licenses
Commercial License
The commercial license option is a perfect type for those businesses that are dealing with trade. This license allows you to trade inside of certain districts in Dubai and in other countries. One of these licenses includes the warehouse to the retail market.
Professional License
This license is for people who work in professions like consulting, engineering, and health services. A professional qualification is about recognizing talent and experience and giving you the ability to run your services within the law.
Industrial License
Companies that deal with manufacturing or industrial activities need an industrial license, which is a government certificate of entitlement. This license is intended for manufacturing and production only and for businesses that want to establish factories or build production units in Dubai.
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FAQs About Business Setup in Dubai
In Dubai, a trade license is a certificate that business people may use to practice their commercial activities and operate in Dubai legally. It is controlled by the Department of Economic Development (DED) or the relevant Free Zone, and the company should demand its services in exchange for them.
To get a trade license in Dubai, you have to:
- First and foremost they get the business activity and the cabinet (mainland, free zone, or offshore) met.
- Start by thinking of a good business name and then get the DED or free zone authority to approve it first.
- Submit required copies of your passports, business plans, and any extra approvals based on your business at the relevant authority.
- Also, pay the fee and the license charge. When your request is sanctioned, the licensee will be granted.
Dubai has three dominant business activities with different kinds of licenses for different purposes and they are:
- Commercial License: This one is for importing and exporting businesses to engage in trade, such as marketing products that are readily available in the market.
- Professional License: Basically, it is the license needed by service providers, freelancers, consultants, and professionals who give expert advice to the people and groups in need.
- Industrial License: It includes companies engaged in the manufacturing or production of goods only. Every business should have a distinct license.
Also, the cost of a license in Dubai changes. The decision is made by the business type, the business location, and the items that are mostly conducted. Normally, it is 10,000ly AED to 50,000ly which is still pretty high but it also need to include an office rental, visa, and permit fees.Is it too much to ask to get a trade license in Dubai that has a longer validity period.
By default, Dubai trade licenses are usually only valid for a period of 12 months from the date of issuance. Therefore, the extension should be completed by the end of the first year. Besides, the license renewal is stricter this time around, as the trader has to bring in the new business details, pay the renewal fee, or any other fines. These are not set to legal limits by local authorities. In addition to that, the government has the right to fine the violators and even to suspend their activities.
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Ready to launch your business in Dubai? Let Auctus Advisors be your partner in obtaining your Business Trade License in Dubai. Contact us today to schedule a consultation and take the first step towards realizing your entrepreneurial dreams!