Did you get your trade license easily? No? Well, here is the blog about several ways to get your trade license in Dubai, easy-peasy. is popular for its thriving economy and tremendous commercial prospects. A trade license in Dubai is crucial for running a business in any jurisdiction of Dubai. The city has given 24,662 new business licenses in the year, a 58 percent increase over the same period in 2021. This post leads you through the steps required to get a business license in Dubai. Continue reading if you are willing to get a business license in Dubai.
Dubai Trade License – Is it the only key?
The business license is a document that specifies the proper operations of a company in the UAE. Hence, the Department of Economic Development is issuing all trade licenses. In Dubai, general trade permits are applicable for a variety of businesses. Also, importing and exporting products these operations involve business endeavors.
Business Setup in Dubai Free Zones qualify for a Dubai trade license. Hence, professionals offering industry-specific services may also apply for a Dubai trade license.
Types of Trade Licenses in Dubai
Not all Dubai trade licenses are equal. There are four primary categories of licenses available:
- Professional License: licenses for specialists providing specialized services
- Commercial or Trade License: Licenses for all participants in trade
- Industrial License: permits for firms doing industrial and manufacturing activity
- General Trade License: Operating permits for general trades, exports, and imports
Before applying for any trade license, it is crucial to have the necessary documents. Failure to comply may result in a delay in the issuance of your license.
What is a Free Zone, Offshore, and Mainland License?
The jurisdiction you choose will determine the kind of license you must apply for. Here are some of the license types you can apply for in Dubai:
Free zone license: The authorities in a specific free zone grant licenses for free zone trade. Hence, each license has specific restrictions and perks.
Mainland license: A mainland license is applicable for firms in the Mainland of Dubai. Hence, the DED issues these permits, which many government agencies must approve.
The Perks of Getting a Trade License in Dubai
Many business owners are establishing branches or enterprises in Dubai. Here are many of the primary advantages of obtaining a Dubai trade license.
Enhance Credibility
Several firms seek legal and regulatory loopholes to increase their profits. But, businesses that try to conform to the law earn their consumers’ confidence.
Also, the license increases the business’s visibility in its target markets. It aids in establishing a reputation and gaining consumer confidence.
Few Trades Limitations
The business setup in Dubai has few trade regulations, making it an attractive place to do business. As long as you register your goods under a general trade license, there will be no limitations.
Simple Setup
Getting a trade license for business setup in Dubai is much quicker than obtaining other permits. Hence, you should have no trouble obtaining your license if you have the proper papers.
Also, you are not obligated to submit audit reports after you have obtained your license. It saves you a large amount of paperwork later on.
Sponsor Opportunities
A key advantage of a trade license in Dubai is the simplicity of sponsoring dependents. That implies you can bring family members or staff to Dubai.
Finally Getting a Dubai Trade License
It is rather simple to get a Dubai trade license. You must take a few easy procedures to get your Dubai trade license. But the best way possible is to contact a Business Setup Consultants in Dubai. With a decade of expertise in providing business setup services, we can help you get your license in a few days.
Select a Company Name
The first step in obtaining a trade license is choosing a proper trade name. Hence, your firm’s name must follow UAE requirements for company naming. Additionally, it must be a unique name that is not already in use by another current company.
Define Your Legal Structure
To proceed with your application, you must choose the legal structure of your trade. Hence, the legal structure will determine how you will manage the organization and who will do it.
Define Your Business’s Operations
After deciding the company’s name and legal structure:
- Specify the commercial activities.
- Remember that each license permits a largest of 10 activities.
- So, be careful to mention all activities on the license.
Formalize the Application
The next step is to complete your application form. After completing the form, please submit it to the DED for initial approval.
Get Extra Approvals
Certain corporate actions may need obtaining external permissions. Hence, ensure that you do a study before finishing the firm creation procedure. Otherwise, the authorities might cancel your trade license.
Collect Necessary Documents
Besides your completed application, you must provide several documents with your license. Therefore, collect these papers and confirm they have all the required signatures.
Select Your Business Site
There are various alternatives for the trade license you may apply for. If you apply for a trade license on the mainland, you must have a physical business site.
After selecting a place for your company, you will need to get a tenancy agreement. The contract needs attestation from Ejari.
Please Send Your Application
You need to submit your application for a business license. Now that you have all the necessary documents and a place for your trade. Send all required documents to the DED to get your trade license.
Pay Your License Costs
Remember that trade license applications are not free. You must pay both the issuance charge and the license fee to get your license.
How Much Does a Trade License in Dubai Cost?
Before rushing to get a trade license and launch a company in Dubai, you must be aware of the associated fees. This will allow you to budget for the licensing procedure and prevent problems.
The cost of the trade license varies based on the sort of items you want to sell and the necessary permissions. Other variables that might affect the trade of your business license include:
The number of company partners you have;
- Location of the business
- Business structures
- Collaborations with regional sponsors
- Type of commercial enterprise
A Dubai trade license will cost between 15,000 and 50,000 AED. The cost of obtaining a trade license in free zones of Dubai will vary from the mainland Dubai license.
How Long to Wait to Receive a Trade License Approval?
After submitting your application for a trade license, you must now play the waiting game. Thus, the waiting period for a Dubai trade license is rather brief.
It usually takes between three and four weeks to get a trade license. The turnaround time will depend on the necessary permissions and your company’s operations.
Assuming you have all the necessary paperwork, your turnaround time should be quick. Verify your application documents before submitting them to fasten the trade license approval.
Is Renewing a Trade License Easy-peasy too?
The fact that you get a Dubai trade license does not imply that it will remain valid forever. To continue operating inside the UAE, you must renew your license. You can renew the trade license by contacting the concerned authorities. However, contacting a professional for the renewal process can be the best way. Hence, go ahead and consult a business setup professional to renew your license in no time and hassle.
Approvals
To renew your company license, you must first get the necessary authorizations. Hence, the permissions and authorizations will vary depending on the nature of your firm.
Transportation businesses must get clearance from Dubai’s Road and Transport Authority for renewal. To fasten the process, get permission before initiating the renewal procedure.
Documentation
Also, to formal authorization for license renewal, firms must collect documents. The following documents are necessary to renew a trade license in Dubai:
- The filled-out renewal form
- Certified EJARI
- Letters of authorization and permission
- A tenancy agreement
- Images of all business associates
- The number of payments for renewal costs
The company owner must submit these papers to the DED to get permission. Here, many investors feel stuck and unable to process the paperwork. Therefore, hiring a business setup consultant can be the best way. Therefore, business setup consultants can help you with the faster approval process. Hence, they can speed up the time setting up a business in Dubai.
Tenancy Agreement
Before filing for a renewal of your trade license, review your rental agreement. Therefore, it must be valid for at least three months from the day you submit your license application.
Obtaining a trade license in Dubai is essential to enjoy many business benefits of the UAE. However, a consultancy team has years of experience providing investors with business setup services. Hence, get in touch with business setup consultants for a hassle-free process. From Visa processing to license approval, they can help you at every step.
