Applying for a business license is one of the most important procedures in starting a business in one of Dubai’s free zones. Having a business license in Dubai enables you to lawfully conduct business in the area and certifies your company’s legitimacy. Your firm cannot function legally without one.
It is mandatory to obtain a business license in Dubai for all forms of company establishment. Establishing a new enterprise in Dubai can be an exciting prospect, and there are a number of factors to take into account. The most important thing, though, is Dubai business licenses. If there’s no license, the business might eventually have to close its doors or deal with extra fines, penalties, operational limitations, and much more.
How to Get Business License in Dubai?
Different business activity and jurisdictions have different license requirements. But if you decide to get a mainland license in Dubai, the following are the most likely prerequisites:
- When applying for a business license in Dubai, one of the partners in the business must be present.
- All managers and company partners must have copies of their passports, depending on the nature of the business operation.
- a NOC for international partners or foreign investors from the company’s sponsor.
- copies of each company partner’s residency permit.
- Along with reserving the trade name, you also need to determine your business activity and the legal structure of the organization.
Different business activity and jurisdictions have different license requirements. But if you decide to get a mainland license in Dubai, the following are the most likely prerequisites:
- When applying for a business license in Dubai, one of the partners in the business must be present.
- All managers and company partners must have copies of their passports, depending on the nature of the business operation.
- a NOC for international partners or foreign investors from the company’s sponsor.
- copies of each company partner’s residency permit.
- Along with reserving the trade name, you also need to determine your business activity and the legal structure of the organization.
- The application must also be filed with an initial DED approval and any necessary external approvals.
- Obtaining a company license in Dubai also requires a tenancy agreement for the office space and the Ejari.
- A PRO has submitted each of these documents to the Department of Economic Development (DED). And a license is granted following payment of the costs
Types of Business License UAE
Commercial Trade License
It is necessary for the general trading business to get a commercial license. A business engaged in any kind of commercial trade activity is granted a commercial trade license. A commercial trade license is necessary for any kind of commercial trade in Dubai or the United Arab Emirates. Commercial licenses in Dubai are available to both general traders and specialized entrepreneurs. Licenses for commercial trade may be granted to companies or businesses engaged in trade related to commodities, goods, and services.
Industrial License
In the United Arab Emirates (UAE), manufacturing and industrial businesses must possess an industrial license. This license was granted by the Department of Economic Development (DED). Obtaining permission from the Ministry of Finance and Industry as well as other courts is required in order to obtain this license. An organization that modifies raw materials or changes natural resources is granted this kind of license. An industrial license can only be used for the times specified during its issuance, subject to approval under the circumstances listed. An industrial license binds the business to maintaining a physical warehouse within the nation.
Professional License
A business that provides services needs a professional license. In Dubai and other United Arab Emirates (UAE) Emirates, professionals and specialists are required to hold a professional license. A service-oriented business depends on the expertise of its professionals. Thus, professionals and specialists need to obtain a professional license in Dubai or one of the other UAE emirates in order to open a business there. In the United Arab Emirates, professional licenses are granted according to educational qualifications and specialty. A professional license requires a number of things, including paperwork, authorization from the Chamber of Commerce, municipal procedures, and much more.
Tourism License
In Dubai and other UAE Emirates, the tour and travel industry requires a tourism trade license. The United Arab Emirates (UAE) is a leading destination for tourists, and there is a strong market for tourism-related industries. Consolidated licenses for business and tourism operations will also provide this type of license in the United Arab Emirates. A tourist license is required if you intend to open establishments such as travel agencies, restaurants, lodging facilities, or even vehicle rental firms. Obtaining a tourism license will not only make the establishment process more transparent, but it will also give the tourism industry more legitimacy.
Choose UAECompanysetup.org For Business License Services in Dubai
The only place to receive all company licensing services under one roof is Shuraa company Setup! Our company setup advisors at UAECompanysetup.org assist you in selecting the appropriate license for your enterprise. We also help you comprehend the different steps involved in obtaining a company license.
Additionally, UAECompanysetup.org works with the Department of Economic Development (DED) to facilitate all licensing procedures and guarantee that you obtain all necessary business approvals. We assist you not only in obtaining your business license but also in renewing it on a yearly basis to avoid fines and delays.
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Question Answer
Frequently Asked Question
In Dubai, there is no fixed fee for company licenses. Your business licence cost will vary depending on a number of criteria, including the sort of licence you need, how big it is, and which free zone you plan to operate in. Your business license should set you back between AED 20,000 and AED 50,000 annually.
Yes, in order to sell online in the United Arab Emirates, you are required by law to hold a trading license. You can get your license at the Department of Economic Development or in a free zone.
Without a business license, it is against the law to trade or conduct any kind of business in the United Arab Emirates. The maximum fine for operating a business without a license is 500,000 AED, or 137,000 USD. Selling products on social media is seen as an online business activity as well.
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