Learn how to get a trade license in Dubai: a step-by-step guide
For every entrepreneur who wishes to own a business in the most prominent economic center of the world, Dubai; One of the first things you should do is obtain a trade license. To start a business in Dubai, you need to go through the entire process of obtaining it. In addition, you must pay the Dubai trade license cost to complete the procedure and start your new business. In this article, you will see all the necessary information about the Dubai trade license. The process for obtaining this document will depend on your business activities and preferred business structure. However, we will start by defining trade licenses and their types. So you can decide according to your type of business. Do you know what is a trade license? What are the types of business licenses in Dubai? Do you know the Dubai trade license cost? Step-by-step guide to getting a business license in Dubai How to get a trade license instantly? Learn how to obtain a license for e-commerce in the UAE Step-by-step guide on how to renew the business license in Dubai 1. Do you know what is a trade license? This license is a document that will designate the activities that can be carried out by any company in the UAE. Also, a new trade license in Dubai is issued by the department of economic development or DED. In this way, all business licenses are valid for many business activities in Dubai. The activities included in this license include the export and import of merchandise and commercial activities. On the other hand, you find that companies located in free zones are eligible for commercial licenses in Dubai. In addition, those professionals who offer certain specific services in the industry may apply for this license. Thanks to the good average cost of living in Dubai, many people decide to start a business in the region. However, they do not know about the necessary licenses to be able to start your company correctly. For this reason, continue reading this article to get all the important information about these licenses. 2. What are the types of business licenses in Dubai? You can find that there are 4 main licenses in Dubai. However, there are exclusive licenses for free zones and certain specific commercial activities. For this reason, with the information that will be given below you will be able to learn more about these: 2.1 The business license In Dubai, the business license allows companies to carry out different business activities. Among these activities, you can contemplate buying and selling different goods. However, you will only be able to carry out activities for specific elements that are mentioned in the license. 2.2 The industrial license Thanks to this license, the company will be able to carry out different activities such as the manufacture of products. In addition, you will be able to import all the raw material that is necessary for this product. Consequently, you can also export this product once its manufacture is complete. When looking for a business license, it is important that you make sure that you have a physical office located in Dubai. This is because it is mandatory to have one to request this license. 2.3 The professional license In general, this license is required for all service providers, as well as professionals. Additionally, it has an important advantage and that is that it is not necessary to have a local sponsor. In this way, you will be able to have 100% ownership of the company that applied for the license. 2.4 The tourist license Because Dubai uniquely values tourism, it offers a separate license for those companies that are ultimately involved in the tourism industry. In this way, all the regulations, rules, compliance, taxes, and permits are different for this particular sector. 3. Do you know the Dubai trade license cost? We now move on to one of the most important issues in the entire process, the cost of a general trading license in Dubai. Dubai General Business License Fee will vary according to your business activities and requirements. However, by reviewing the overhead charges, an estimate of the total cost of the license can be made. The license fee starts at AED 12,000. On the other hand, the fee for the activities ranges from AED 150 to 500 depending on the type of business you perform. However, there are other requirements where you will need to spend. Among these, you find the activity class guide fees, the fee for license translation, license replacement, etc. Please note that these fees are only for obtaining your business license and are not the full cost of forming your company in Dubai. It is known that Dubai does not have a minimum wage established in its law. However, the average of this salary is very good and may be enough for you to start your own business in Dubai. 4. Step-by-step guide to getting a business license in Dubai Many people in the world decide to go set up their business and emigrate to Dubai, for all the advantages that this attracts. The first thing you should know is that the Dubai Department of Economic Development (DED); is in charge of issuing business licenses. That is, the DED is the one who decides the classification of licenses and their business activities within Dubai. The UAE is characterized because it welcomes foreign investment and provides different investment opportunities for this to happen. Therefore, they allow entrepreneurs to form their companies without much effort. In addition, the company registration procedures and costs are quite attractive for both parties. Below, you will see all the steps you must follow to obtain your Dubai trade license, which is the first step to forming your company in this country. 4.1 Obtaining Initial Approvals and Trade Name Registration The first thing you should do is reserve the business name of your company. To do this, you must write to the DED, request the
