Business Trade License in Dubai (UAE)
The Department of Economic Development in Dubai (DED) is the authority responsible for granting permits to businesses operating in Dubai. DED has classified every company under different licenses, giving them prominence according to their commercial activity.
The process of starting a business with a business trade license in Dubai can be exciting and profitable. You might require additional permits and licenses to stay clear of penalties and interruption. For the protection of consumers and control of competitors, additional licenses might be needed in certain circumstances, despite our initial displeasure at the increase in bureaucracy.
In order to register for a business trade license in Dubai, one needs to acquire various ordinary and unusual permits. Permits from other companies could be valid for your own. A company license to operate in Dubai gives your company a framework to manage and gives you a variety of advantages.
In this article, we will be going to discuss in-brief about the business trade license in Dubai and the type of trade license and the cost of obtaining it. So, without any further ado, let’s dive into it.
Types of business trade licenses in Dubai (UAE)
- A commercial license is required for General Trading Businesses.
- Professional license for service-related Business.
- Industries License to Manufacturing Goods.
- Tourism License for Travel and Tours Industry.
The types of business trade licenses in Dubai that are available:
- Commercial License: Commercial licenses cover all forms of general trading and specific trading activities.
- Professional License: Professional licenses are available to companies that are involved in any different professions or activities that require a service like doctors, teachers, craftsmen, and other artisans.
- Industrial License: An industrial license is given to companies engaged in manufacturing or industrial process.
- Tourism License: A tourism business trade license in Dubai is required for all companies and organizations that are involved in the tourism, travel, or hospitality sector.
- Dubai Business License within 48 hours
- Documentation needed for UAE Business Licensing
- Licensing for Free Zone and Mainland
- License Renewal & Cancellation Services
How do I obtain a trading license?
A business trade license in Dubai will typically depend on the kind of business you want to establish on the mainland. If a person wants to establish a company in Dubai to carry out trade activities such as import-export, clothes furniture, accessories electronic equipment, a generic commercial license issued within Dubai is sufficient for those who wish to conduct various trade-related activities within the same industry, then an all-inclusive license for trade in Dubai is sufficient for everything.
There are however certain specific business activities on the Dubai mainland that aren’t included in the General license like alcohol, guns, automobiles, and medical products. To operate businesses in the mainland region, permission from the higher authority as well as the UAE municipality is necessary. After the approval is granted, the commercial trade license can be given to an individual in order to run an enterprise on the mainland.
Cost of a business trade license in Dubai
In addition, there are some advantages to obtaining the general trade license in Dubai since the estimated cost is cheap from AED 40K-50K, and also this license will be used as a legally-enforceable holding structure, and also for warehousing. The owner of the general trade license is exempt from taxation on profits and income.
In addition, it is possible to trade both in mainland Dubai and internationally. It is the General Trading License owner also has the position of being able to be able to apply to obtain multiple visas for their employees, based on the amount of staff required to establish an enterprise within Dubai.
Also, traders are exempt from the requirement to submit Audit reports to the authorities of the Government of Dubai. The holder is also given the option of personal and business bank accounts.
Company's renewal of their Trade License in UAE
Trade licenses are among the main requirements to do business in Dubai. Renewing your company’s license is a requirement is one of the most important requirements for doing business trade license in Dubai.
Here are the steps needed to renew a license to trade in Dubai:
- You must have a valid tenancy agreement.
- Request a renewal of your license.
- Make the payment.
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Conclusion
It’s normal to be somewhat overwhelmed by the regulations and laws applicable to your brand-new venture. This can be quite different according to where you’re located. Don’t worry, you don’t have to handle everything by yourself on your own.Â
The process of obtaining a license and incorporating is handled by our experts in Dubai who have a vast understanding. Feel free to connect with ODINT Consulting for your free 30- mins consultation.
FAQ’s
Anyone considering starting a business in Dubai must obtain a trade license there. When launching a business in the area, this is among the most crucial tasks they take.
The license Free Zone is the most affordable trade license available in Dubai without a visa. The cost of the license is different depending on the particular case. In general, you can purchase the license for between AED 10 000 to AED 13,000.
There are a variety of forms and documents that must be completed, and after your business and other documentation are verified and verified, a trade permit can be issued in just three days. A trade license is good to 1 year and has to be renewed.
DED Trader license can be granted electronically no matter where you are going to DED trader and follow simple steps to create an account and password; input the address information, as well as social media accounts associated with the company or project; select the trade name and activity and finally, pay for and get your license online.
A trade license is a required requirement and is the primary element of the registration process for companies within Dubai, UAE. It’s the only license you have that permits you to do business within the city or any other region within the UAE.
General trade permits encompass all trade actions that are part of the same or related sectors like export-import, wholesale, or trade of products or goods such as clothing accessories, electronics, furniture, and so on.
Azhar Ansari is a company formation specialist with 8+ years of expertise in international business. Financial planning, risk management, and other related areas.
