Trade License Process In Dubai : Your Gateway To Business Success !
If you are looking to start a business in Dubai, you will need to obtain a trade license. A trade license is a legal document that permits a company or an individual to carry out business activities in the UAE. It is mandatory to obtain a trade license before starting any business activity in Dubai.
Dubai has a well-established and straightforward process for obtaining a trade license. The procedure varies depending on the type of business activity, but the following steps will give you a general idea of what to expect.
Choose A Business Name And Activity :
After deciding on the type of business activity, you need to choose a business name and activity that aligns with your chosen license category. The name should be unique and not already taken by another company.
Get Initial Approval :
Once you have chosen your business name and activity, you need to get initial approval from the Department of Economic Development (DED) in Dubai. You can submit the application online, and it usually takes around three working days to receive approval.
Choose A Business Location :
You need to choose a business location before you can proceed with the trade license application. The location must be in a commercial area and should comply with the regulations set by the Dubai Municipality.
Obtain Tenancy Contract :
To obtain a trade license, you need to provide a tenancy contract for your business location. The contract must be valid for at least one year.
Submit The Necessary Documents :
After obtaining initial approval and a tenancy contract, you need to submit the necessary documents to the DED. The documents include the application form, passport copies of the shareholders and managers, and a No Objection Certificate (NOC) from the sponsor (if applicable).
Pay The Fees :
Once you have submitted the necessary documents, you need to pay the fees for the trade license. The fees vary depending on the type of license and the business activity.
Receive The Trade License :
In conclusion, obtaining a trade license is a mandatory requirement for starting a business in Dubai. The process is straightforward and well-established, and there are three types of licenses to choose from depending on your business activity. With the right documentation and compliance with regulations, you can get your trade license and start your business in Dubai.