UAE Trade License
Business Trade License in Dubai
A Business Trade License is a must-have document to operate legally in Dubai. The process of obtaining one involves approvals from the government and economic department, and clearing company formation documents from various UAE agencies within a short time. For first-time investors, this process can be confusing and expensive.
With a wealth of experience and a passion for growth, BizEmpire is your one-stop solution for setting up and flourishing a business in Dubai.
We advise on the right kind of license for your business, help you acquire the license, and give reminders for renewal of the license. If you need to cancel your trade license, BizEmpire expedites the process, minimizing your fines and costs.
Benefits of Business Trade Licenses in Dubai
If you are considering starting a business in Dubai, a trade license is an essential requirement. The benefits of getting a trade license in Dubai are numerous and can help your business succeed:
Ability to Sponsor Dependents
Ability to Trade in a Wide Range of Goods and Services
Access to Government Support Programs
Credibility and Legitimacy
Friendly Business Environment
Types of business trade licenses in the UAE
Commercial License
This license is for companies engaged in buying or selling goods. It is essential for trading within or outside the UAE. Business activities under this license include imports and exports, trading of products, rental services, brokerage firms, logistics firms, real estate, etc.Professional License
Mandatory for service-oriented companies, this license offers 100% ownership but requires a local service agent. Business activities include management consultancies, law firms, marketing & designing, auditing & accounting companies, etc.Industrial License
Issued to businesses involved in industrial and manufacturing activities, this license requires a physical office in the UAE. Activities include manufacturing products, casing products, furnishing products, and packaging products.Requirements for Obtaining a Trade License in Dubai
Requirements vary depending on the type of license and the emirate, but general requirements include:- A business plan detailing activities, products/services, marketing strategy, and financial projections.
- A virtual lease agreement for a suitable commercial property.
- Essential documents: Proof of identity and residence for all shareholders or partners, a lease agreement, business plan, Memorandum of Association (for subsidiaries), proof of capital.
- A trade name to conduct business activities.