Introduction
The UAE’s economy has seen an exponential growth over the last ten years thanks to its state-of-the-art infrastructure and government policies. Many opportunities have been opened up for foreign entrepreneurs and investors by the establishment of free zones companies, international business companies, and other investor-friendly policies.
It can be daunting and exciting to launch a business, especially for a budding entrepreneur looking to set up a business in the UAE. For any type of LLC formation Dubai, or Business-Free zone Company set up , a Business license is required.
A TRADE LICENSE allows your company and business to operate your business ventures. It protects your safety and public well-being.
With the help of our team of business consultants, PRO Desk Documents Clearing Services makes it easy to obtain a trade license. You can make an informed decision by looking at the availability of licenses in the UAE.
What is a Trade License?
If you want to legally operate in the UAE, a trade license or commercial licence certifies that a company is legal.
If you want to set up an LLC in Dubai, UAE Offshore Company or business free zone company setup, you first need to decide what type of business activity. The Department of Economic Development is the governing body that supports new business growth and issues trade licenses to various business activities.
Your business’s activities and the jurisdiction where you live will determine which type of license is best for you. You should apply for a professional license if you provide professional services. If you offer professional services, a commercial license would be the best. However, if your business involves trading, an industrial license is better.
Types of trade licences
UAE is a vibrant economy that offers many business opportunities and free zones. It can be difficult to choose the right type of business activity. This is why it is recommended that you use PRO Desk Documents Clearing Services to help you set up your business. There are several types of business licenses that you can choose from.
Commercial license
Businesses that deal in the sale and purchase of goods are eligible for this license. You must choose a commercial license for Mainland Company Setup, UAE Offshore Company or Business-free zone company setup. Multiple activities can be done under one license. One can also obtain residence visas for employees or company management. There are several commercial trade licenses that you can obtain: Oil and Gas trading; precious metals trading; trading in chemicals; trading in automobiles; publications and media material trading; used furniture trading; spare parts trading and safety-equipment trading.
Professional license
This license is granted to those who have academic achievements, intellectual capabilities, and skilled skills. If more than one owner applies, the company will be registered as Civil Works Company. This license is available to IT service suppliers, auditors and lawyers, as well as craftsmen. This license is valid for the following activities: Consultancy and Services, tax consultancy and computer consultancies. Insurance consultancies. IT Infrastructure consultancy. Marketing consultancies. Management consultancies.
Industrial license
This license covers all business activities related to the manufacture of products and materials in industry. To be able to operate, they must have a physical address. Some of the activities include carpet manufacturing, furniture manufacturing, wool products manufacturing and meat products manufacturing.
How do I apply for a UAE Trade License?
Investors and ex-pats from abroad love UAE as a place to launch their businesses. To open a business, one must first select the business activity of your venture; select the jurisdiction-Mainland, UAE Offshore Company, or Business free zone company setup. You can choose the type of legal structure you want for your company: LLC company formation Dubai (Limited Liability Company), Sole Establishment, Civil company, etc.
The DED must approve your trade name or business activity. You will also need to obtain any external approvals during this stage. If necessary, find a trusted local sponsor. You can also rent space in an office and draft the Memorandum of Association. After you have submitted all documentation to the DED, wait to be approved and then pay the licensing fees in order to get your trade license.
Takeaway
Our business associates at PRO Desk Documents Clearing Services know the process well and can suggest activities that are most in line with your business. You must renew your trade license every year. We can take care of it all so you can focus on your business.
