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How much does a trade license cost in Dubai?

٠٦ يونيو How much does a trade license cost in Dubai?

How much does a trade license cost in Dubai, a sparkling city that combines ancient heritage and dazzling modernity, and is considered an ideal destination for global business and investments. Dubai is located in the heart of the Middle East, and has a strategic location that facilitates access to the Asian, African and European markets. Thanks to advanced infrastructure, supportive government policies, and a diversified and stable economy, Dubai has become a global center for trade and business. Among the factors that make Dubai attractive to investors and entrepreneurs is the advanced commercial licensing system that allows companies to operate easily and efficiently. A trade license in Dubai gives companies the necessary legal and legitimacy to conduct business in the city, and is an essential step for any company wishing to establish and expand in this vital market.

In cooperation with Itqan Company, how much does a commercial license cost in Dubai, the leading company in providing consultations and specialized services for establishing businesses in Dubai, new and existing companies can obtain comprehensive and integrated support for the procedures for obtaining a commercial license. Itqan helps investors understand the legal and administrative requirements, submit the necessary documents, and deal with government agencies efficiently and transparently. Whether you want to establish a company in a free zone or in the local market, Itqan Company provides the experience and resources that guarantee you a smooth and successful establishment process. In this article, we will discuss the importance of a commercial license in Dubai, the basic steps for obtaining it, the types of licenses available, in addition to the advantages and benefits that companies can achieve by obtaining this license. We will also review how Itqan can be your ideal partner in your journey to establish your business in Dubai, and provide advice and consultations that will help you achieve success and prosperity in the dynamic and evolving business environment of this global city.

How

How much does a trade license cost in Dubai?

Obtaining a business license in Dubai requires following specific steps to ensure compliance with all legal and administrative requirements. Here are the basic steps to obtain a commercial license:

  1. Determine the type of business activity : Choose the type of business activity you wish to undertake, as this affects the type of license required.
  2. Choose a business name : Choose a business name that complies with local regulations. Make sure that the name is not duplicated and does not violate ethics or laws.
  3. Locate the business : Secure a lease for the business location, whether it is an office, shop, or industrial space. Proof of work location is required as part of the application process.
  4. Obtaining approvals from the relevant authorities : If the business activity requires special approvals (such as health or educational activities), obtain the necessary approvals from the competent authorities.
  5. Submit an application for a license : Submit an application for a license through the competent authority, such as the Department of Economic Development (DED) in Dubai, or through its electronic portal.
  6. Preparing the required documents :
    • Required documents may include:
      • A valid passport.
      • Residence visa (if available).
      • Office lease contract.
      • A copy of the national ID.
      • Professional certificates (for professional activities).
      • Feasibility study (if necessary).
  7. Payment of fees : Pay the prescribed fees to obtain the license. These fees may include application fees and licensing fees.
  8. Receiving the commercial license : After reviewing all documents and paying the fees, the Authority will issue the commercial license. You can collect it from the office or via email, according to established procedures.
  9. Company registration in other government departments : After obtaining a commercial license, register your company in other government departments if necessary, such as the Dubai Chamber of Commerce.
  10. Activate the company’s bank account : Open a bank account in the company’s name to facilitate the management of financial transactions.
  11. Compliance with other requirements : Make sure to comply with any additional requirements, such as insurance or employee registration.

By following these steps, you can obtain a business license in Dubai and ensure that your business starts legally and efficiently.

 

Types of business licenses available in Dubai

Dubai is considered one of the most prominent business destinations in the world thanks to its thriving economic environment and advanced infrastructure. Obtaining a business license is an essential step for any investor or entrepreneur wishing to establish a company in Dubai. Here is a table showing the types of commercial licenses available in Dubai, clarifying the type of activity and the requirements for each type:

Type of commercial licenseAvailable activitiesBasic requirements
Commercial licenseGeneral commercial activities, selling products and services.– Submit a license application.
– Providing an office lease contract.
– Submitting identity documents.
Professional licenseProfessional activities such as consulting, technical services, and legal services.– Submit a license application.
– Providing professional qualifications certificates.
– Office lease contract.
Industrial licenseIndustrial activities such as manufacturing and production.– Submit a license application.
– Providing an industrial site.
– Providing production and manufacturing plans.
A commercial license for a free zoneCommercial activities in free zones such as general trade, import and export.– Submit a license application.
– Submitting an office lease contract in the free zone.
– Submitting identity documents.
Limited Liability Company (LLC) business licenseCommercial activities that include wholesale, retail and service trade.– Submit a license application.
– Local partner, 51%.
– Office lease contract.
– Submitting identity documents.
Commercial license for a private joint stock companyBusiness activities that require pooling investments from multiple shareholders.– Submit a license application.
– Determine capital.
– Submitting the company’s incorporation contract.
Commercial license for a public joint stock companyActivities that include raising capital from the public via the stock market.– Submit a license application.
– Compliance with the laws of the Securities Commission.
– Providing periodic financial reports.
Foreign company branch licenseOpening a branch of an international company in Dubai.– Submit a license application.
– Parent company documents.
– Office lease contract.
– Submitting identity documents.
Commercial license for home officesBusiness activities that can be conducted from home, such as e-commerce.– Submit a license application.
– Proof of work-from-home activities.
– Submitting identity documents.

The diversity of commercial licenses in Dubai allows investors to choose the license that suits their business activity and future aspirations. Dubai is considered an attractive environment for business thanks to its supportive government policies and advanced infrastructure, making it an ideal destination for establishing companies and achieving success.

Documents required to obtain a business license in Dubai

Dubai is considered one of the world’s leading destinations for establishing businesses and companies thanks to its thriving economic environment, supportive investment policies, and advanced infrastructure. Obtaining a business license in Dubai is an essential step to ensuring the legal legitimacy of any business activity. A commercial license provides the legal framework for doing business, determines the type of activity a company can carry out, and contributes to regulating the commercial sector. The documents required to obtain a business license vary based on the type of business activity and the legal form of the company. This article aims to clarify the basic documents required to obtain a commercial license in Dubai and how to submit them to the competent authorities.

  • Commercial license application form: This form can be obtained from the Department of Economic Development in Dubai or its website. All required information must be filled out accurately.
  • Copy of passport: A clear copy of the passport must be provided to all partners and shareholders in the company.
  • Personal photos: Providing recent personal photos of all partners and shareholders, with specifications consistent with official photo requirements.
  • Memorandum of Association and Articles of Association: This contract is prepared by a certified lawyer and includes all legal details related to the company such as commercial activity, names of partners, partners’ shares, and capital.
  • Approval of the competent authorities: For some commercial activities, there may be a need to obtain special approvals from the relevant authorities such as the Ministry of Health, the Roads and Transport Authority, the Department of Tourism and Commerce Marketing, and others.
  • Lease Contract: A copy of the lease contract must be submitted to the company’s headquarters, which must be certified by the Dubai Real Estate Regulatory Authority. The lease contract must be valid and signed between the company and the property owner.

Key

Key advantages of obtaining a business license in Dubai

Key advantages of obtaining a business license in Dubai

Dubai is considered one of the most prominent global business destinations thanks to its thriving economic environment, advanced infrastructure, and government policies that encourage investment. Obtaining a business license in Dubai is an essential step for any individual or company wishing to do business effectively in this dynamic city. A commercial license provides the legal framework necessary to operate a business legally and orderly, and opens multiple doors to economic and commercial opportunities. In this context, obtaining a business license in Dubai is not only limited to meeting the legal requirements, but also comes with a set of benefits that contribute to the success and growth of the business. This article aims to review the main advantages of obtaining a business license in Dubai , highlighting the benefits that businesses and individuals can provide when they choose this path.

  • Easy access to global markets: Dubai is a global business hub, providing companies with the opportunity to access multiple markets in the Middle East, Asia and Africa. Thanks to its strategic location, companies can easily expand and trade with international clients.
  • Tax breaks: Dubai offers significant tax benefits, including exemption from corporate and profit taxes in many free zones. This contributes to reducing operational costs and increasing profitability.
  • Full ownership by foreigners: In free zones, foreigners can own 100% of companies without the need for a local partner. This feature enhances their ability to fully control their business and make strategic decisions freely.
  • Advanced Infrastructure: Dubai provides world-class infrastructure that includes commercial facilities, business centers, ports, and airports. This enhances the efficiency of corporate operations and provides a comfortable and efficient working environment.
  • Government facilities and support: The government in Dubai provides great support to companies through business facilitation services and quick government procedures. Some free zones provide incentive programs to encourage investment and business development.
  • Vibrant business environment: Dubai is considered a commercially vibrant city with many global events, exhibitions and conferences that enhance business opportunities and provide a wide network of business relationships.
  • Legal and property rights protection: Dubai provides strong legal protection for intellectual property rights and businesses, which enhances legal security and provides a stable environment for doing business.

Learn about the trade license in Dubai

In conclusion, a business license in Dubai is the key to success for any company seeking to take advantage of the enormous economic opportunities offered by this global city. Thanks to its advanced and flexible system, the commercial license gives companies the ability to operate within a legal framework that guarantees their rights and facilitates their daily operations. Dubai, with its excellent infrastructure, strategic location, and thriving economy, provides an ideal environment for businesses of all sizes and sectors to grow and prosper.

Cooperation with Itqan Company makes the process of obtaining a commercial license in Dubai easier and more effective. Itqan provides integrated services that include legal and administrative consultations, preparation of required documents, and coordination with relevant government agencies. Thanks to its deep experience and extensive knowledge of the local market, Itqan is able to provide optimal solutions that meet the needs of each company individually. By providing continuous support and specialized advice, Itqan ensures that every step in the process of obtaining a commercial license is smooth and without complications.

Furthermore, a trade license can open doors for businesses to access the many benefits that Dubai has to offer, such as tax exemptions, access to a wide global market, and enjoyment of high-quality infrastructure. Dubai also encourages innovation and technology, making it an ideal destination for emerging and advanced companies seeking excellence in their fields.

In short, investing in obtaining a business license in Dubai in cooperation with Itqan Company is a strategic step towards building a successful and prosperous future for your company. Thanks to the specialized support and extensive experience provided by Itqan, companies can achieve their goals quickly and efficiently, and take advantage of all the opportunities that Dubai has to offer. Whether you aspire to establish a new company or expand the activity of your existing company, obtaining a trade license in Dubai is an essential step towards achieving success and prosperity in one of the most dynamic and developed markets in the world.

Frequently asked questions about the trade license in Dubai

What types of business licenses are available in Dubai?

There are several types of business licenses available in Dubai, including commercial licenses, industrial licenses, and professional licenses. These licenses vary based on the type of business activity you intend to undertake.

What documents are required to obtain a business license in Dubai?

The required documents vary based on the type of license and business activity, but generally include: a copy of the passport, personal photos, a business plan, a lease contract, approvals from the relevant authorities, and a completed application form.

How long does the process of obtaining a business license in Dubai take?

The duration of obtaining a license depends on the type of license and the procedures required, but on average, the process can take from a few days to several weeks.

Can foreigners get a business license in Dubai?

Yes, foreigners can obtain a business license in Dubai. They can own 100% of companies in free zones, while establishing a company on the mainland requires a local partner who owns 51% of the company.

What is the cost of obtaining a business license in Dubai?

The cost of obtaining a license varies based on the type of activity, company size, and location. Costs include registration fees, licensing fees, and additional costs such as rent and government fees.

What are the main advantages of obtaining a business license in Dubai?

Advantages include tax exemptions, foreign ownership of companies, advanced infrastructure, easy access to global markets, a supportive business environment, and facilitation in business operations.

Can a trade license be transferred from one area to another in Dubai?

Yes, a trade license can be transferred between different areas in Dubai, but this requires following some official procedures and obtaining the necessary approvals.

What are the penalties if the commercial license is not renewed?

Failure to renew the business license in a timely manner can result in fines, suspension of business activity, or even cancellation of the license.