Trade license in Dubai: types, procedures, fees and renewal
Setting up a business in Dubai involves navigating a world of opportunities and regulations. At the center of it all is the requirement for a Trade License. Let's take a closer look at what this involves.
What are the types of trade licenses in Dubai?
In Dubai 4 primary types of trade licenses can be obtained, each tailored to a specific kind of business activity.
Commercial license:
For businesses involved in trading goods or services, a commercial license is your go-to option. It covers a wide array of activities from retail stores to real estate agencies.
Industrial license:
For companies that transform natural materials or manufacture goods, an industrial license is essential. This includes businesses such as factories, power plants or other production companies.
Professional license:
If you offer professional or artisanal services like consulting, craftsmanship or certain skilled professions, a professional license is what you need.
Tourism license:
Businesses involved in travel and tourism-related activities require a tourism license. This category encompasses tour operators, travel agencies, hotels, etc.
How much does it cost to get a trade license in Dubai?
The cost of obtaining a trade license in Dubai can vary significantly depending on the nature of your business and the type of license you require. Factors like office size, location and whether you're in a free zone or the mainland also impact the cost.
How long will it take to get approved for a trade license?
While this can vary depending on the type of the license and whether all required documentation is properly submitted, approval for a trade license typically takes from a few days to several weeks.
Your business journey starts with a trade license
Starting a business in Dubai is a venture filled with promise. The first step is securing a trade license. This license is your official permit from the government to operate within the rules and standards set by the Dubai Economic Department (DED).
What is a Dubai trade license?
A Dubai trade license is an official document that gives you the legal ability to conduct business activities in Dubai. It's a mark of credibility and professionalism, showing that your business complies with the local laws and regulations.
What is a free zone, offshore, and mainland license?
Free zone, offshore and mainland licenses serve different business needs. Free zone licenses offer 100% ownership and tax exemptions within certain geographical areas. Offshore licenses enable you to conduct international business operations. Mainland licenses allow unrestricted business operations within the local UAE market.
What are the benefits of getting a trade license in Dubai?
Several advantages come with obtaining a trade license in Dubai:
Boost local and international trade: trade licenses can open doors to new business opportunities, locally and globally.
Improve credibility: a trade license enhances the credibility of your business among clients and partners.
Enjoy tax benefits: depending on the license and location you may enjoy substantial tax advantages.
Few trade restrictions: trade licenses offer greater flexibility with fewer restrictions.
Easy set-up: the UAE government provides a streamlined process for acquiring your trade license.
Sponsor opportunities: a trade license lets you sponsor employees and their visas, a crucial aspect of business growth.
What documents do I need to get a trade license?
To apply for a trade license you'll typically need a passport copy, visa copy, a NOC from your current sponsor if you're an individual and an initial approval from the DED.
How do I get a Dubai trade license?
Obtaining a Dubai trade license involves several steps:
Select a business name: you must first choose a unique business name and get it approved by the DED.
Define your legal structure: then decide whether your business will be a sole proprietorship, partnership or corporation.
Define your business activities: you need to specify the type of business activities your company will conduct.
Complete the application form: fill out the application form from the DED.
Get additional approvals: additional approvals may be required depending on your business activities.
Gather required documents: collect and submit all necessary documents.
Choose your business location: decide where you want your business to operate. It might be a free zone, mainland or offshore.
Submit your application: submit your application along with the required documents and fees.
Pay your licensing fees: after approval pay the necessary fees to receive your trade license.
Getting instant Dubai trade license
In certain cases Dubai offers an "Instant trade license" that can be issued in just a few minutes. This is especially beneficial for businesses that need to start operations quickly.
Getting E-trader license in Dubai
For the UAE and GCC nationals who want to conduct business online or on social media an E-trader license is the perfect solution.
How to renew Dubai Economic Department trade license
Renewing your trade license involves the following steps:
A requirement of the tenancy contract: ensure your tenancy contract is still valid.
License renewal application: fill in and submit the renewal form.
Make the payment: pay the necessary renewal fee.
Advantages of having a trade license in Dubai
A trade license in Dubai brings various advantages. It grants your business legal operation status, enhances your credibility and opens up opportunities for growth in one of the world's most dynamic business hubs.
Get your Dubai trade license today
Do not wait to start your business journey in Dubai!. Get your trade license today and begin reaping the rewards of doing business in this global economic powerhouse!
