Commercial license in Dubai All companies based in Dubai must obtain a commercial license and this license enables it to buy and sell various products and services, as it also allows the trading of products and the availability of limited services and in addition, goods can be imported and sold within the Emirates or exported abroad, in addition to the possibility of engaging in trade within local markets and the UAE government has specified the steps and costs required for commercial licenses in Dubai, in addition to the documents required to obtain them.
What is a trade license in Dubai?
A business license allows companies to provide specific services as well as trade a variety of products, depending on their type and in addition, these products can be exported abroad, sold within the Emirates, or used in local markets.
Commercial license services include providing packaging services for sold products, in addition to providing real estate brokerage services. Obtaining a commercial license in Dubai requires following multiple steps, consistent with the type of company that the investor wishes to establish, as this work requires time and effort before obtaining the required license.
Steps to obtain a commercial license in Dubai
If you wish to practice any commercial business in the Emirate of Dubai, you must obtain a commercial license in order to be able to conduct your business in a correct and sound manner, and in order for this to happen, you must follow the following steps:
Define the business activity and its purpose
Before proceeding to obtain a commercial license in Dubai, you must first determine the commercial activity that the company aims to practice in the city.
Investors can choose from more than 2,000 diverse business activities, covering a wide range of sectors, including commercial, industrial, professional and tourism activities.
The full list of these activities can be viewed on the Department of Economic Development’s website, where investors can determine the most appropriate and appropriate activity for their next company.
Choosing a location for doing business
Choosing the appropriate location to establish a company is one of the basic steps necessary to obtain a commercial license.
The company can be established and established in one of the various areas in Dubai or even in one of the available free zones.
It should be noted that there are many advantages available to investors when establishing a company, whether within the country or within free zones, as investors enjoy the ease of establishing companies in a short time and benefiting from tax exemptions and in addition, there are no restrictions on currency and business support services are provided. If you choose to establish the company in the country, many licenses can be obtained.
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Choose a business name
Determining the company name is one of the main steps in the procedures for obtaining a commercial license in Dubai, as the name must reflect the company's activity and be unique so that it does not resemble any other company.
The investor must adhere to the laws and legislation in force in the UAE, as he must not use any offensive or inappropriate terms, and must avoid using other company names or commonly used abbreviations. You should also choose a name that has not been used before in the commercial market.
Apply for a commercial license in Dubai
The last step in obtaining a commercial license is submitting the official application to obtain it, after specifying the name of the company, its planned activities, and determining its headquarters, as this is done by submitting the necessary documents and papers to the Dubai Department of Economic Development to conduct the necessary review.
The company is opened and the license is granted at the same time, with the necessary approvals required before issuing it.
Costs and requirements for obtaining a business license in Dubai
The fees required to obtain a business license consist of several components, including permit registration fees and knowledge fees, in addition to innovation fees and advertising fees for the business name. The fees also include fees for the service application form and fees for legal trading within the Emirates, especially in Dubai and if you wish to obtain a license in a free zone, you must pay the required fees, in addition to fees for establishing a business center in the Emirate of Dubai, fees for carrying out construction work, and fees for obtaining a merchant license, as the value of the fees varies according to the type of service requested and the details of the project.
In conclusion, the process of obtaining a business license in Dubai demonstrates the importance of specific procedures and paying appropriate fees to successfully establish and operate a company in this dynamic economic environment and by adhering to the legal and procedural requirements, investors can take full advantage of business opportunities in Dubai and grow their projects successfully and therefore, everyone who wants to start a business in Dubai must search for the necessary information and take the necessary steps with wisdom and discretion and obtaining a trade license in Dubai is the first step towards achieving your business goals and success in the local and global market.
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