Get Your, Commercial Trade License In Dubai
Commercial Trade License in Dubai, UAE
When considering starting a business journey, Dubai is the first destination that comes to anyone’s mind. Looking at its economic growth, one can commence trading in this city. Thus, If an individual wants to engage in the activity of commercial trade, then they will need a commercial trade license. Having a commercial trade license in Dubai permits the investor to conduct any kind of commercial activity.
This license offers plenty of advantages to the entrepreneurs. With this business owners can perform general trading, import, export, and trading goods services. However, to obtain a commercial license and run your business smoothly, you have to meet the Dubai authority’s requirements and follow their guidelines.
Activities Covered Under Commercial Trade License in Dubai
The entrepreneurs get to perform a wide range of trade activities under the commercial license in Dubai. With this, they can look forward to expanding their venture and gaining higher profits. The list of activities includes:
- Cold storage facilities
- General warehousing services
- Foodstuffs
- Furniture
- Medical and surgical equipment
- Software
- Readymade garments
- Real estate
- Import and export
- Automobiles
- Logistics
- Tanks and silos trading
- General store
The list does not end here. To get a complete list you can contact DED or get the appropriate guidance from our team of professionals.
Benefits of Commercial Trade License in Dubai, UAE
Commercial Trade License in Dubai is beneficial for entrepreneurs in many ways. It acts as a shield against obstacles that may occur in your journey of success.
The Dubai commercial license helps boost overall trade activities as it allows investors to trade more than a single product. Also, one can perform local trade, international trade, import, export, and re-export.
The company can recruit foreign employees as much as they want, depending on the commercial space to employ them, and also apply for their employment visas.
The free zone companies can repatriate their profit and capital. They can also enjoy tax-free operations. Approximately, 85000+ people shifted to Dubai due to its ease in taxation policies.
Entrepreneurs with commercial licenses can participate in various government tenders and projects. Also, they get easy access to government services and resources.
A commercial trade license in Dubai is proof that the business complies by the stringent rules and regulations of the authorities which makes the company more reliable and trustworthy in the eyes of their potential clients.
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Step-by-Step Guide To Obtain a Commercial Trade License in Dubai
01
Select a Legal Structure for your Company
It is a crucial step, to choose the legal structure of your company as it will outline how your business will operate. The legal structure of your company could be:
- Corporation
- LLC
- Free Zone Company
- Holding Company
- Partnership
- Sole Proprietorship
02
Choose a Name for Your Business
Choose an appropriate name for your company keeping in mind all the UAE name guidelines. The name must not involve any religious name, or abbreviations, and should not be offensive in any way. Also, don’t choose a name that is already taken by another company.
03
Specify your Business Activities
Choose the kind of product that you want to trade. The Dubai government permits ten activities maximum with each commercial license. Thus, choose your business activities wisely and register them with the authorities.
04
Complete the Application Form
Precisely fill out the form with all the necessary details and submit it further to the Department of Economic Development (DED) for initial approval. Additional approvals may be required to avoid the rejection of the license.
05
Gather all the Documents
Place all your paperwork together and submit it along with your application form. Remember, the documents that you are submitting should be valid and there should be no errors in the signatures. It can save you time and avoid delays in the process.
06
Select the Business Location
If you decide to lease or rent the office space then you must obtain a tenancy contract. Also, do not forget to include Ejari along with your application.
07
Submit the Application
After attaching all the essential paperwork and an office location for your business activity, Submit your final application to the DED for your commercial trade license in Dubai. Wait for the approval of the license while the government of Dubai reviews and processes your application.
08
Pay the license Fees
Receive your trade license by paying the necessary issuance and license fees. Once the payment is done, you will get your license to run your business operations in Dubai smoothly without any hindrances.
06
Select the Business Location
If you decide to lease or rent the office space then you must obtain a tenancy contract. Also, do not forget to include Ejari along with your application.
Documents Required to Get a Commercial License in Dubai
Here is the list of documents that you need to submit to the Dubai government to obtain a commercial license for your business activities.
- Application form with the registered name of the company. The name should be in English or Arabic.
- Registered lease contract
- Passport-size colored photographs
- Copy of shareholders’ passport
How Much Does a Commercial License Cost in Dubai?
The commercial trade license in Dubai usually ranges from approximately AED 15000 to AED 28000. However, other extra expenses could be incurred such as registration fees, visa fees, rental premises, and more. The approximate amount could reach near about AED 30,000.
Get Your Commercial Trade License in Dubai With Future Dream
Future Dream is specialized in guiding businesses to obtain a commercial trade license in Dubai, UAE. We are a team of professionals who provide the best and most cost-effective solutions to clients by listening to their needs and preferences.
With the belief in a customer-centric approach, we offer 24X7 help to our customers and help them grow their business to new heights.