When it comes to setting up a business, Dubai has proven to be one of the best places in the world. Right from the security, infrastructure, and ease of conducting businesses, Dubai has all it takes to give your business a boost. In addition, the government of Dubai is known for its friendly approach toward businesses. The government has put many incentives like tax exemptions and low import duties to attract more investors into Dubai. Setting up a business and getting Commercial License In Dubai can be very challenging for someone who does not know where to start. The procedure involved can be overwhelming, especially for those new in Dubai or first-time entrepreneurs.
Business setup in Dubai has always been a profitable endeavor, and the reason behind this is its strategic location. The government of Dubai has made it easier than ever for entrepreneurs to start a new business in the UAE. Many free zones in Dubai offer foreign investors 100% ownership of their company. This article will outline all the requirements and procedures you need to follow when setting up a business in Dubai.
What are the Benefits of having a business license in Dubai?
The UAE boasts a world-class economy, so many entrepreneurs flock to the country looking to set up their businesses. Dubai, in particular, has established itself as a global financial hub, and its business-friendly environment makes it one of the most popular destinations for setting up companies.
Commercial License in Dubai allows you to do business without restrictions and gives you complete freedom over your finances. The benefits of acquiring a commercial license are:
- You are allowed to trade goods and services freely. You can import, export, and re-export goods as per your requirements.
- Applicant can lease out your premises and properties to other parties, individuals, or companies and earn a monthly rent from them.
- You can take loans, hire employees, and invest in other services or companies for business purposes.
- You can transfer ownership of your business to anyone else according to legal requirements at any point in time.
- A Commercial License will provide a professional image for your company and help you gain the trust of local customers and international ones. This will also help you get more business through word-of-mouth recommendations.
- One of the greatest advantages of having a commercial license is that you’ll be able to increase your business’s visibility in the local market. You will be able to reach out to new customers who don’t know about your product or service, which may lead them to visit your store or office and buy from you.
- Another advantage is that it will allow you to sell goods locally in Dubai without restrictions on what type of product they’re selling as long as they’re manufactured within the UAE. This means that you don’t have to worry about legal requirements or permits because the government has taken care of everything to issue licenses and register businesses.
- You can have access to banking facilities when you possess a commercial license In Dubai. This makes it easy for banks to trust you with loans and other services such as bill payments, payroll, and other services that require trust.
- A business license is important since it makes your operations run efficiently and ensures that everything is done legally, which helps avoid any legal issues with the government.
What are the Documents required to get a commercial license in Dubai?
- MOA of sponsor or partner
- License fee proof
- The application form mentioned all the essential details
- Lease contract
Types of business licenses in Dubai
A company or a person who wishes to engage in business activities in Dubai must obtain a Business License. It is recommended that the license be obtained before commencing any business activity, as it is an offense to conduct business without the license. The Department of Economic Development (DED) issues all licenses, which can be broadly classified into the following categories:
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Commerce license
A commercial license In Dubai is a must if you are willing to do any commercial activity in Dubai. This includes import, export, re-export, distribution, storage, and commercial agency activities. Commerce license in Dubai is issued by the Department of Economic Development (DED) or by the Free Zone Authorities, depending upon where you want to set up your company.
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Consulting License
This kind of license allows you to provide services like management consulting, marketing consulting, etc., within the UAE. It does not allow you to employ people under this license; however, you can hire experts for projects for short duration periods.
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Professional Licens
Professional License In Dubai applies to those who wish to set up a company engaged in professional services such as auditing, legal consultancy, and accounting. This type of license also covers engineering, IT, and other professional services. A single shareholder can apply for more than one professional license.
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Industrial License
Industrial License applies to those who wish to set up a manufacturing or industrial company. This type of license does not allow for trading activity.
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Tourism License
A tourism License issued only by the Department of Tourism (DOT), the tourism license covers travel agencies, tour operators, and other companies offering related services.
Businesses requiring commercial trade license
- Logistics firms
- Import and export
- Car rental services
- Brokerage firms
- Trading of building material
- Electronics trading
How can someone get a commercial license in Dubai?
Setting up a business in Dubai is important, especially when starting a new operation. The process is not easy and takes time, but with the help of Start Any Business UAE. And its team of professionals, you are sure to get the best services. Start Any Business UAE is a team of business consultants in Dubai and has provided PRO services. Form a commercial license In Dubai to set up a company and help in smooth operation; we help in everything. We have built an exceptional reputation for providing quality services to our clients.
Our team of experts will offer complete assistance throughout your entire setup process. So that you can focus on other important tasks instead of worrying about your paperwork. We will assist clients until they get their license and all the related documents like lease agreements, office space, etc. Start Any Business UAE is a one-stop solution for your real business setup needs in Dubai, other emirates.
Source : preposting
