We are familiar with the fact that to start any type of business in Dubai, one needs to have a valid license. The Department of Economic Development (DED) issues 3 types of licenses for different companies which are:
- Commercial license
- Industrial license
- Professional license
Dubai has the advantage of being in a strategic geographical location, in the sense that many products are imported and exported from Dubai.
Therefore, having a business license in Dubai can be beneficial for an entrepreneur.
If a person wishes to start a business in Dubai that involves commercial activities or the purchase and sale of goods, they must obtain a commercial license from the respective authorities.
One is left with the option of obtaining a license from any of the three jurisdictions.
After deciding where you want to start a business, the next ideal step is to obtain a license. Now how to do it?
Who can apply for a commercial trade license in Dubai?
Before applying for a commercial license in Dubai, decide on the activities you will carry out under it.
Also, remember that tertiary activities together with the main activity cannot be more than 10 per license.
The commercial license in Dubai is available for the following activities
- Import and export activities
- Sale of electronic products
- Real estate service
- Brokerage service supply
- Sale of building materials
- Car rental business.
- Travels and tourism
- General stores etc.
The next step is to decide the business name of the company and register it in the Companies Registry.
After this, you must send a set of documents to the DED and the UAE Ministry of Federal Economy for the commercial license to be issued.
- Documents required for Dubai commercial license
- An application form, where the company name must be mentioned in English and Arabic.
- The original lease agreement of the registered address of the company.
- Memorandum of Association (MOA) with the partner or sponsor
- The permit issued by the Construction Department of the Municipality of Dubai, which authorizes the use of office space as a business address of the company.
- Proof of the fee paid for the issuance of the commercial license
According to these documents, the DED will issue a commercial license for your company in Dubai. The license is valid for 1 year, after which it can be renewed.
You must submit another set of documents to request the renewal of the business license in Dubai.
The total cost of a commercial license in Dubai, including initial approval, trade name, and issuance of the license, is AED 10,000, which is fixed.
Once obtained, the commercial license has advantages such as the application of visas, obtaining labor fees, the translation service, corporate taxes, income tax, and the simplified financial information system.
If you plan to start a commercial activity or an import/export business in Dubai, Business Link UAE can help you with the legalities involved and the different ways you can do it.
For any questions related to the company or information related to the license, you can contact us, we will be happy to help you. Cost of commercial license in Dubai?