A Complete Guide to Get a Business License in Dubai

If you are interested in starting a business, then Dubai might just be the perfect destination to set up. Business license in Dubai is a necessary document which will give you permission to legally work in Dubai and the United Arab Emirates. This is because in the past two decades, Dubai has asserted itself as one of the world’s leading trade and business destinations.

Business license in Dubai involved getting approvals from various govt departments let it be a freezone or a mainland entity, all the docs need to be cleared from various govt agencies before getting a final approval and this process can be hectic and time consuming for new and inexperienced investors.

Company setup consultants can help you get your business license in no time with the right advice for your license, in the unfortunate case where you need to close your company , Company setup can help you in the process by cutting your costs and fines.

That said, here is everything you need to know about what a business license in Dubai is and how to get it.

Business License in Dubai – What is it?

The Business license in Dubai is a necessary document that you must obtain, and which will give you permission to legally work in the United Arab Emirates. It is considered a prerequisite that you must fulfill, and the Department of Economic Development (DED) monitors the entire procedure to ensure that it is implemented. Once you have received your trade license, you will be able to carry out the following activities:

Activities you can do After Getting Business License Dubai:

. Import and export products to/from different countries

. Take part in various commercial related activities and projects

. Promote your services and products to a wider audience

. Be eligible to run different businesses (according to the license you have)

Documents Submitted to Get Business License in Dubai

The Department of Economic Development (DED) will ask for a number of documents throughout the license application process. Here are some of the documentation that you will be asked to present:

A letter signed by the DED that approves the name of the company and activity that they wish to carry out

.Completed application form that has been attested and signed by the company’s legal representative(s).

.Tenancy contract from office space

.Passport copies of all company shareholders

.Memorandum of Association with your local sponsor

.Additional documentation may be required, depending on your business activity and whether additional approvals are necessary.

The process of getting a business license in Dubai may not seem too difficult, but it is recommended to get the help of an expert business setup consultancy agent to guide you through the hefty paperwork and legal procedures.

Process to obtaining a Business License in Dubai

After understanding the definition and types of trade licenses, we may now move to understanding the process of business getting trading license. Here is a basic overview of the necessary steps for obtaining a Business License in Dubai:

.Choose a company name  (allowed by the government’s rules of not being associated with any politics or religion)

.Select the business activity that you or your company plans on conducting

.Look up and pick the trade license that best meets your needs

.Fill out the initial application form and submit it for initial approval

.Collect all necessary documents and paperwork, this can include your Memorandum of Association (MOA) with a local sponsor and application form.

.Find and rent out an office space that aligns with your requirements. (This is to obtain an office address which is necessary to continue the process)

.Obtain a tenancy contract and get it attested/approved from the Ejari (Dubai Land Department)

.Turn over all your completed paperwork and documents to the DED (Department of Economic Development)

.Receive final approval from the DED and get your fee voucher

.Pay the trade license fees

Read More: https://www.companysetup.ae/how-to-get-business-trade-license-in-dubai/