UAE Commercial License
Any investor planning to set up a trading business in Dubai need to furnish a commercial license in Dubai. This official commercial trade license will enable and facilitate them to buy and sell goods and services domestically and internationally and ship anywhere in the world legally. The Commercial License in Dubai serves as the major trade authorization mechanism for setting up or running a business. It is a requirement in Dubai that all new trading businesses must hold a valid commercial license. To acquire this license, you must have a set-up business in your name, acquire an office or retail space in the Emirate of Dubai and register with Department of Economic Development Dubai. Complying with these requirements allows one to buy and sell goods and services with complete legal protection. This applies only to new companies; companies already operating in Dubai can convert their licenses through the process of renewal. Open your door to the world of trading with Commercial License in Dubai, a business license in Dubai which allows one to buy and sell goods. To set up a trading company in Dubai, one needs to incorporate a business entity in Dubai. A company name registration in Dubai, Company formation in Dubai, and Commercial license in Dubai is needed to obtain the trading license. To get it, you will need to acquire a commercial license in Dubai.
All business owners and traders need a trading license or active trade license to do business in this location. The commercial license in Dubai is issued by the Department of Economic Development (DED) and each person is allowed to have only one company. Obtaining a commercial license will require some documentation and procedures. A commercial license gives you the authority to operate a business in Dubai. It is issued to a trader or a trading company by Dubai Municipality. Any individual or company intending to set up a business in Dubai must acquire a commercial license. When applying for the license, you will be asked to submit certain documents which can include bank statements, trade references, and original passport among others. Applications are reviewed by the relevant departments of Dubai Municipality, depending on the type of business activity before issuing their decision. The most important requirement that must be met is the submission of an application containing all relevant information like the name of business, place of residence and nationality.
Companies in Dubai, UAE, must have a valid Commercial License in order to buy and sell any services or products, or engage in any trading operation. So, if you want to start a trading company in Dubai, all you have to do is apply for a Commercial License. Three jurisdictions in the UAE grant commercial licenses. Any of the three options are available to the investor. Prior to applying for a Commercial License, the investor should choose the most feasible spot
Before applying for a commercial license in Dubai, one must first determine what trading activities will be carried out under the license. Before you start a business in Dubai, you should have a good understanding of the form or category of your business. Commercial License covers business practices such as purchasing and selling, as well as certain service-oriented endeavors. The following are the main activities that fall under the commercial license in Dubai, UAE.
- Travel and Tourism related Business Activities.
- Rental business activities for commercial purposes.
- Any business activites which required buying and selling or personal or commercial products.
- Import, Re-export and exporting of your commercial goods from one region to another, domestically and internationally.
- An application form officially provided by the authorities which needs to be filled out with desired activities.
- A Memorandum of Association Articles which is officially notarized by Dubai Courts.
- A lease contract of your office space, commonly known as Ejari is mandatory to show the proof of address.
- Payment vouchers must be paid in full.
- The Department of Dubai Economic Development issues your commercial trade license.
The legal form of the license would be commercial if the business operation includes the sale of tangible goods. General trading, electronic trading, software trading, and other activities have been authorised for the issuance of commercial licenses. An expat or foreign investor can legally own 49 percent of the total shares in a commercial license, with the remaining 51 percent held by a UAE national or local service agent. The minimum capital share size required should be atleast 300,000 AED, be it virtual only. A commercial license is given for a limited liability company, which limits the debts and liabilities of its shareholders only within and not personal.
- One commercial trade license can only be used for a maximum of ten activities.
- There are a variety of company types to choose from when registering your business.
- Employees and company executives will apply for work visas which also make them eligible for residence visa to sponsor their families and travel freely anywhere.
- An official corporate UAE bank account can be opened within any local or international banks.
- It is very cost effective to renew a commercial trade license in UAE with easy steps and procedures.
Vigor business Setup and Company Formation Business Consultant is specialized in providing expert business setup services for trade licenses in Dubai and the UAE. We offer a wide range of services related to trade license, finalizing all documents related to trade license, authorization from EDB, and taxes as required by law. We also deal with labor registration process, work visas, tax registration and work permit issuance. Our team of experts has over 10 years’ experience in helping new businesses start up and successfully operate across the UAE. Whether you are setting up your first business or looking for an experienced trade license consultant to advise you on the latest government regulations, we are here to help. We pride in providing a full spectrum of services for trade license, registration, company formation and office setup in Dubai. Our consultants help you all the way from initial consultation to managing your business operations. We help even the most established businesses register, and assist start ups with appointments and trade license applications. Registering a trade license in Dubai is a task that requires expert guidance and assistance. Our comprehensive business assistance program provides you with access to prime business opportunities.