Before starting the procedure of commencing a business in Dubai or elsewhere in the United Arab Emirates – you will first require to determine the kind of business license you want to get. It would be wholly dictated by the nature of business activities. There are many kinds of licenses to select from – professional, industrial, and Commercial License In Dubai. This is the latter, commercial license, that we are going to discuss here. Below a commercial license, you have permission to involve in the sale of some services as well as the trade, export, and import goods inside and outside the United Arab Emirates.
The commercial license is most famous in Dubai for several reasons. Dubai is popular around the world for its incredible, strategic business location – surrounded by large markets comprising Asia, Africa, the Middle East, and Europe. The UAE’s many international airports with direct access to the Persian Gulf also make it incredibly famous with cargo businesses. Lastly, this emirate has a simplified company formation procedure that makes it simple to do business with the assistance of the business formation consultants at Start Any Business UAE who are able to provide the best possible services regarding the same. So, if you are looking to spread your wings in the Dubai commercial domain, here are some main factors for your consideration.
What is a Commercial License in Dubai
Any business person who makes a plan to establish a trading business in this emirate require to present a commercial license in UAE. This commercial license would make them capable and provide them facilities to sell and buy goods and services internationally and domestically and to legally ship them anywhere across the globe. The commercial license acts as the principal trade authorization mechanism for forming or operating a business. This is a need in Dubai that all new trading businesses should have a valid commercial license. To obtain such a license, you have to form a venture in your name, get an office or retail location in Dubai and register it with the Dubai Department of Economic Development. Adherence to these needs permits you to sell and buy goods and services with the proper legal security.
The Process of Getting a Commercial License in Dubai
The businessman should decide on the business kind to be registered in this emirate, as you can select among many kinds of companies. To get a commercial business license, the venture should be registered with the Company Registrar. After this phase, the documents are to be presented with the DED and with the Federal Ministry of Economy of the UAE for the commercial license.
This is vital to know that the UAE commercial license can’t be acquired prior to the company incorporation in this emirate. For this, you have to comply with some steps that are given below –
- Choose the business form and the business activity that matches the business license.
- Make a draft Memorandum of Association and Article of Association of the venture that specifies the activities to be carried out.
- Register your company with the DED and get a VAT number.
- Pay the necessary fees of company registration and business license. Once you made the payment your commercial license would be granted.
