Looking to start your own business in Dubai? Before you do, you will need to be a Small Business License Cost In the Dubai Department of Economic Development DED. Depending on the kind of business you are looking to run, different types of licenses are required. Here’s an overview of the costs involved in getting a small business license in Dubai and what forms need to be submitted and where.
How Much Does it Cost to Get a Small Business License in Dubai?
If you are wondering how much a Small Business License Cost In Dubai, then the quick answer to that is a minimum of AED 8000 to AED 10000. The reason why it cost such an amount is that there is huge competition between all local companies and foreign companies who want to do business in UAE. To be able to compete with them and start your own business, there are certain licenses that you need to have. Those licenses are issued by various authorities but they are all included in one single license so that you won’t need separate licenses for different departments of government. Once you get these licenses, there will be also some fees for issuing those licenses as well as renewing them at regular intervals.
When it comes to Small Business License Cost In Dubai, there are two main fees that you need to be aware of. One is called the registration fee and another one is the annual renewal fee. Both of them will have a specific price range that you need to pay for but they will also depend on particular services provided by a government agency as well as whether you already have a foreign trade license or not. If you don’t have such kind of a trade license then your annual renewal fee might go up because obtaining such a license can be costly on its own. There are certain benefits when it comes to getting a small business license like limited liability and tax incentives so it is worth spending some money on obtaining those licenses and keeping them active at all times.
What Does It Take To Start Getting Your Company Licensed?
An Emirati company licensed to provide services in Dubai will need a General Trading license. This license is issued by the Dubai Government free of charge; however, your business needs to have registered capital and a minimum of two partners. Also, it’s important to know that licenses are only valid for one year, so be sure to renew them in time. To renew your license you’ll need to apply at any Business Licensing Center. Fees for Small Business License Cost In Dubai are AED 12 per trade per year in Abu Dhabi and other emirates of UAE. In addition to paying annual fees, there are also yearly renewal fees, as well as required stamps and permits. Some businesses might require additional licensing from local municipalities or federal agencies such as the Ministry of Labor or Federal Tax Authority.
Your company should start by applying for a legal name registration at Dubai’s Chamber of Commerce and Industry. To register your company, you need a certificate from Dubai Courts attesting that there are no registered trademarks or copyrights with your intended business name. You will Small Business In Dubai also need to present your Articles of Association as well as other documents. Fees for Small Business License Cost In Dubai is AED bank handling fees payable in UAE Dirham. Be sure to have copies of all submitted documents on hand when visiting offices, since you may be asked to provide additional information regarding licensing and permits. Next, apply for a trade permit by contacting Dubai Trade License Section or submitting an online application through.
Everything You Need to Know About the Cost of a Small Business License in Dubai
Dubai is considered to be one of those countries where starting a business is much easier than in other places. And if you have been thinking about doing that, then it’s good to know what needs to be done to do it and make sure you are compliant with regulations. For example, if you want to start a new Masdar City Freezone Company Formation business in Dubai, you need a Small Business License Cost In Dubai that includes retail shops, restaurants, bars, and others. The cost of getting a small business license in Dubai differs based on your company type.
It is worth mentioning that while starting a new small business in Dubai you may have to deal with different kinds of licenses, such as a trade license or even an alcohol license. But don’t worry too much about these differences since getting a Small Business License Cost In Dubai local government departments will be more than enough for starting any type of small business you can think of, whether it’s a retail shop, restaurant, or bar. What does matter is where you are going to get your small business license and how much it is going to cost you? Most countries have several available options, but not all of them are easy to complete by yourself and require professional help from experienced individuals who know how everything works around here.