Trade License in Dubai
Why You Need A License in Dubai, UAE
If you have plans to conduct business in UAE, then a trade license is a must before you begin. The license is issued by the UAE economic department. They also make the applicants aware of the procedures of license issuance, which varies from emirate to emirate. There are three major types of licenses in the UAE - Commercial, Industrial and Professional. Each one permits you for a set of business activities. Therefore, when you start making your plans, see which one suits closest to your business type. One thing is certain, you cannot conduct business in UAE if you do not hold a trade license.
Major Type of License in Dubai Industrial License Industrial licenses are for forming industrial or manufacturing activity in the UAE. With the industrial license, companies can assemble and process goods using raw materials that are local or imported. Petroleum products, Paper, etc. are the sectors comes under industrial license.
Commercial licenses (Trade License) Commercial licenses are granted to entities engaged in commercial trade activity, related to goods, commodities and services. The activities that are covered under commercial activity are logistics, car rental and real estate brokerage.
Professional license Professional licenses allow individuals and companies to engage in a profession they are professionally skilled in. It depends on their educational qualification. Some of the activities covered are consultancy services, printing and publishing, medical services, artisanship, carpentry, etc.
Benefits of Industrial License
Industrial license is provided to companies that apply and meet industrial licensing needs. The industries can benefit from the exemption of customs duties on machinery & equipment, spare parts, not manufactured & semimanufactured raw materials and packaging materials.
Benefits of Trade License 1. 2.
Apply for local and international trade. Business Trade license allows traders to either import or manufacture all the goods mentioned in the license.
3. Tax-free transactions. 4. You can handle a large number of products. 5.
Process is very simple & easy sponsor to dependents.
Benefits of Professional License With a professional license, foreign investors can attain 100% ownership of their business and provide totally sole proprietorship. The minimum share capital you required to get a professional license is only DHS 150,000. Commercial license have limited liability but, professional license provide unlimited liability to the owner.
Other types of License for Specific Business Activity Agriculture license To engage in activities such as cultivation and harvesting of crops, installation of greenhouses, agricultural consultancy, trading of pesticides, one should obtain an agriculture license.
Tourism License
Craftsmanship license
Any business that provides tourism activities like sightseeing, tourist camps, hotel booking, cruise/yacht/boat rentals, restaurants, booking tickets, private car/cab rentals, guest houses, travel agencies etc. must obtain a tourism license.
There are skilled professionals engaged in plumbing, carpentry, electrical work, etc. Companies employing them to work do investigate if they possess a craftsmanship license, which is a must.
Document and Other Requirements for Trade License 01
An application form which must be filled out and signed by the company’s legal representative.
02
03
Original and copy of company’s statutory documents.
The DED’s letter with the approval of the company name.
06 All shareholders’ details (copies after their passports).
05 The tenancy agreement.
04
The DED’s (Department of Economic Development) letter attesting the approval for setting up the company.
Why Choose OBKBC?
We are one of the leading names in Dubai, UAE, offering company registration, company formation, trade licensing and business setup consultancy. We have appointed experts in of establishing a business in Dubai. You can easily get a complete solution and all at a very reasonable cost. every field to assist our clients in the entire process .
Contact Us OBK BUSINESS CENTRE LLC Level 20, 48 Burj Gate Tower Dubai, UAE, P.O. BOX 36615 dubai.burjgate@obkbc.com Mobile number: +971 (0) 52 640 2550 Contact number: +971 (0) 4 518 2555 Fax number: +971 (0) 4 518 2666
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