Investors from all over the world rush to Dubai, UAE, for its investor-friendly environment. However, just like other countries, UAE too has its own regulations for its local as well as foreign investors, that needs to be followed strictly for smooth functioning. Out of many mandatory processes, issuance of a trade license is a necessary process to start a business in Dubai or any other emirates of the United Arab Emirates. Every emirate of UAE asks the investors to obtain a trade license before embarking on any business activity. A business cannot run unless legalised by the concerned government bodies. Trade licenses depend upon the work or business activity you do. There are different trade licenses sanctioned for different businesses in the UAE.
Here are the different licences that you can obtain to start your business in Dubai.
You can apply for any of the following licenses:
Obtaining a trade license in Dubai UAE is easy, provided you follow the rules and regulations sincerely.
Listed below are the legal requirements for the respective government body:
General trade license is for enterprises engaged in trading, exporting and importing products. Companies dealing in electronics, food and furniture should obtain this license. With this license, companies are allowed to trade in the local market within the UAE. It also permits traders to trade with businesses across the world. General trading licenses in the UAE enables you to trade in mixed goods. Therefore, companies can export, trade and import any number of items in the sectors like building materials, toys, electronics, furniture or cosmetics, etc.
The Department of Economic Development (DED) is a government body that offers general trade licenses. Any individual or corporate entity can start businesses in Dubai mainland with this license. Every business needs permission from the concerned ministries. Therefore, businesses must take consent from other authorities before starting a business activity.
All companies and businesses need to renew their general trade licenses every year. Licenses are legal consent that permits you to run your businesses as per the business regulations in the UAE. The licenses enforce enterprises to meet the rules set by the government. This process helps you grow your revenue faster in the UAE.
During the renewal of your trade license, your tenancy contract should be valid.
While renewing your tenancy contract, do take permission from Ejari, the Real Estate Regulatory Authority. A valid Trade License in Dubai allows investors and entrepreneurs to perform their business operations comfortably.
If you are confused and find the process complicated, then contact a business setup consultant or company formation and registration firm in Dubai for smooth closure of the process.
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