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The difference between a commercial license and a professional license

١٠ مارس The difference between a commercial license and a professional license

The difference between a commercial license and a professional license. Commercial and professional licenses are basic documents that allow individuals and companies to practice economic and commercial activities legally. Dubai is distinguished by its attractive investment environment, which requires strict adherence to local laws and regulations to ensure business continuity and growth. A trade license is necessary for companies operating in commercial sectors such as retail, distribution, import and export. This license gives companies the ability to conduct business within a specific scope and under the supervision of competent authorities, ensuring compliance with local standards and regulations.

On the other hand, the difference between a commercial license and a professional license: A professional license concerns individuals and companies that provide professional services such as legal and engineering consultations, medical and educational services. This license requires the availability of certain qualifications and professional experience to ensure the provision of services with high quality and in accordance with approved professional standards. The professional license is considered a guarantee of efficiency and professionalism in providing services, which enhances the confidence of customers and beneficiaries in the quality of services provided.

Itqan Company cooperates with individuals and companies to facilitate the process of obtaining commercial and professional licenses in Dubai. The company provides integrated consulting services that include providing advice on the procedures and requirements necessary to obtain licenses, and providing support in preparing documents and submitting them to the competent authorities. Itqan also provides continuous follow-up services to ensure that all procedures are completed on time and to avoid any delays that may affect the start of business.

Obtaining a commercial or professional license is a vital step for any project wishing to operate in Dubai, as it ensures compliance with local laws and benefits from the advanced infrastructure and thriving investment environment. In cooperation with Itqan, individuals and companies can overcome procedural and administrative challenges easily and effectively, allowing them to focus on developing their business and achieving success in the dynamic and diverse Dubai market. This strategic partnership with Itqan is an opportunity to enhance commercial presence and contribute to the growth of the local economy in a sustainable and balanced manner.

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The difference between a commercial license and a professional license

Basic steps to obtain a business license in Dubai

Dubai is considered one of the most prominent business destinations in the world, offering an ideal environment for business thanks to its advanced infrastructure and flexible economic policies. There is an increasing demand for establishing companies in Dubai due to its many advantages, including its strategic location, diversified economy, and broad investment opportunities. To obtain a business license in Dubai , you must follow a set of basic steps that ensure the process goes smoothly and in accordance with local laws. These steps aim to facilitate the process of establishing companies and ensure compliance with all legal requirements, allowing investors and companies to operate efficiently and achieve success in the thriving Dubai market. In the following lines, we will discuss the basic steps for obtaining a commercial license in Dubai , explaining the importance of each step and its role in achieving business goals.

Basic steps to obtain a business license in Dubai

  • Choosing the type of business activity: Determine the type of business activity you wish to practice, as this choice affects the type of commercial license required.
  • Choosing a trade name: Choose a trade name that is consistent with local laws, as the name must be unique and not conflict with other names in the market.
  • Determine the legal form of the company: Determine the legal form of the company such as a limited liability company (LLC) or a public or private joint stock company.
  • Obtaining initial approvals: Submit an application to obtain initial approvals from the Department of Economic Development in Dubai, which includes approval of the trade name and commercial activity.
  • Preparing the Memorandum and Articles of Association: Preparing the company’s Memorandum and Articles of Association in cooperation with a certified lawyer to ensure compliance with local laws.
  • Choosing a location for the company: Choosing a location for the company and obtaining a lease contract notarized by the local authorities in Dubai.
  • Submit required documents: Submit all required documents such as a copy of the passport, residence visa (if required), and rental contract.
  • Payment of fees: Pay the fees required to obtain a business license, which vary based on the type of business activity and the size of the company.
  • Obtaining final approvals: Obtaining final approvals from the Department of Economic Development and other relevant government agencies.
  • Issuance of a commercial license: After completing all procedures and paying the fees, a commercial license is issued that allows the company to start practicing its commercial activities in Dubai.

Documents

Documents required to obtain a business license in Dubai

Documents required to obtain a business license in Dubai

Dubai is considered a leading destination for investment and business, as it provides a thriving economic environment that supports the growth and expansion of companies. Obtaining a business license in Dubai is an essential step to starting any business activity in the city. A trade license allows companies to conduct their business legally and regulated, which enhances the chances of success and sustainability in the competitive Dubai market. To achieve this, investors and companies must submit a set of required documents to ensure compliance with all legal and administrative requirements. These documents facilitate the process of obtaining a commercial license and ensure that all commercial activities are carried out in accordance with local laws. In the following lines, we will discuss the basic documents required to obtain a commercial license in Dubai, explaining the importance of each document and its role in the licensing process.

Documents required to obtain a business license in Dubai

  • Commercial License Application Form: You must complete and submit the Commercial License Application Form provided by the Department of Economic Development in Dubai.
  • Copies of passports: Provide copies of passports to all partners and shareholders in the company.
    Residence visas: Submit copies of residence visas to all partners and shareholders (if they reside in the UAE).
  • Initial approval certificate: Obtaining an initial approval certificate from the Department of Economic Development, which includes initial approval of the trade name and commercial activity.
  • Articles of Association: Preparing and submitting the company’s articles of association and articles of association, which must be certified by a notary.
  • Notarized lease contract: Submit a copy of the notarized lease contract for the company’s headquarters, and the lease location must be approved by the Dubai Real Estate Regulatory Authority.
  • No-objection certificate: Submit a no-objection certificate from the sponsor (if required).

By following these procedures and accurately submitting the required documents, companies can speed up the process of obtaining a business license in Dubai and start conducting their business legally and orderly.

Learn about the commercial license and the professional license

In conclusion, the commercial license and professional license in Dubai represent the legal basis upon which to carry out economic and professional activities in a legitimate and orderly manner. Dubai is emerging as a global investment destination thanks to its supportive environment and flexibility in applying legal procedures that make it easier for investors and business owners to enter its dynamic and diverse market. A trade license is a pass for companies seeking to engage in commercial activities such as retail, distribution, import and export, ensuring their compliance with local laws and regulations and providing a safe and stable business environment.

On the other hand, a professional license is necessary for individuals and companies that provide specialized professional services such as legal and engineering consulting, medical and educational services. This license guarantees the availability of the experience and qualifications required to provide high-quality services in accordance with approved professional standards, which enhances the confidence of customers and beneficiaries in the efficiency and professionalism of service providers.

Itqan Company plays a pivotal role in facilitating the process of obtaining these licenses in Dubai, by providing integrated consultations and support services that include preparing and submitting the necessary documents to the competent authorities, and following up on procedures to ensure their completion on time. Itqan contributes to overcoming procedural and administrative challenges, allowing investors and business owners to focus on growing and developing their projects.

This partnership with Itqan enhances the chances of success in the Dubai market, as the company provides continuous and specialized support that ensures full compliance with local laws. This partnership allows investors and business owners to benefit from the thriving investment environment in Dubai, which contributes to achieving sustainable growth for their businesses and effective participation in the local economy.

In addition, cooperation with Itqan contributes to building a strong and reliable reputation for companies and individuals in Dubai, as the company confirms its commitment to providing high-quality services that help its clients achieve their business and professional goals. This cooperation strengthens Dubai’s position as a leading investment destination and provides businesses with broad opportunities for expansion and success in a competitive global market. Obtaining a commercial or professional license in cooperation with Itqan is not only a step towards legal compliance, but rather an investment in a bright future that enhances the companies’ ability to grow and prosper.

Frequently asked questions about the commercial license and professional license

What is a trade license?

A trade license is a permit issued by the competent authorities in Dubai, granting companies the right to engage in commercial activities such as retail, import, and export.

What is a professional license?

A professional license is a permit issued to professionals and companies that provide specialized services such as legal consulting, engineering, medicine, and education, and this license requires confirmation of qualifications and experience.

How can I apply for a business license in Dubai?

You can apply for a commercial license through the Dubai e-commerce portal or by visiting the Department of Economic Development, submitting the required documents and paying the necessary fees.

What documents are required to obtain a business license?

Required documents include: a copy of the passport, residence visa, rental contract, and a no-objection certificate from the sponsor.

What documents are required to obtain a professional license?

Documents include: professional qualifications certificate, experience certificates, copy of passport, and residence visa.

How long does the process of issuing a commercial license take?

The process of issuing a commercial license usually takes 3 to 5 business days after submitting all required documents and paying fees.

Is it possible to practice more than one commercial activity under the same license?

Yes, it is possible to practice more than one commercial activity under the same license, provided that these activities are related to each other and the competent authorities agree to that.