Establishing your company in the United Arab Emirates can be an amazing experience, especially if it is on the mainland. One thing that you need to do in order to kick start your business operations in this country is to get a trade license. This is a permit that allows you to legally run your company within the confines of Dubai laws. Here is information on how you can get a trade license for your UAE mainland company incorporation.
Understand the Types of Trade Licenses
It is crucial to comprehend the various types of trade licenses available in the UAE before applying for one. There are three primary categories of a trade license:
- Commercial License: For businesses dealing with the trade in goods or services.
- Industrial License: For companies engaged in the manufacturing and production of goods.
- Professional License: A business that provides services is one that deals with offering consultancy or IT services.
Depends on the nature of your business entity while securing your trade license. This way, you should be able to streamline the process of obtaining it as early as possible. Know about Company Incorporation in Abu Dhabi.
Choose Your Business Activity
What you need to do next is clearly define what activities make up your business. There are more than 2,000 business activities listed in UAE and the one you choose will influence the kind of license you require. Check out the DED website which has a comprehensive listing of available activities so you may choose one that is most suitable for your operation. Make sure that your selection conforms with the economic and legal environments of UAE since some may necessitate additional permits or approvals.
Register Your Company Name
All businesses in the UAE are required to have a company name. The name must be in line with the type of business and not have any offensive or inappropriate words. It is usually from DED that you get directions on how to name your company. After choosing a name, you need to hand in for approval. During the licensing, if that name is acceptable, it will be kept aside for your company. Get details about Dubai Mainland Company Formation.
Submit the Required Documents
In order for a trade license, you need to provide the DED with various documents and they include:
- A copy of the owner’s passport and visa
- A residency permit
- Proof of address in the UAE
- A no-objection letter from the UAE sponsor (if applicable)
- An approved company name and activity
Depending on your type of business, additional documents or approvals from other government agencies may be needed. It is essential to check for what is necessary for your specific business operation.
Lease Office Space
If you are a mainland company that operates in the UAE, you have to have a physical office space. You will be required by Dubai Economic Department (DED) to submit a copy of the tenancy contract so that they can confirm your office space. Ensure that the office space you acquire is suitable for the business you will be conducting. Sometimes it may become necessary for DED officials to verify this from on location visitation. Know about Best Startup Business Ideas in Dubai.
Apply for the Trade License
After collecting all necessary documents, you can apply for a trade license on DED’s online portal. When the DED reviews it the trade license will be issued in case everything is fine. It usually takes a few days to a few weeks for approval based on how complicated your enterprise is.
Pay the Fees
Finally, after approval of your trade license, you will need to pay the necessary charges. A trade license fee varies with the kind of business activity, the area of the office and other related factors. Ensure that you plan for such a cost during the planning phase.
Call +971 56 658 2477 for Business Setup in UAE
Obtaining a professional license for business setup in UAE mainland is a crucial step when starting your company in this country. Comprehending the regulations and adhering to them will guarantee its legality and success. In order to facilitate faster processes, talk to indigenous professionals or corporate advisors.