What Are the Benefits of a Commercial License in Dubai?

Opening a company in Dubai with a commercial license is usually favourable for business people. Let’s examine some of the noteworthy benefits:

Any location in Dubai is permissible for businesses with a commercial license to put their headquarters.

The license makes it simpler for international workers to obtain employment visas, and the business can hire many foreign workers. Tax exemptions and free income repatriation to the foreign investor’s home nation are available if utilised in a free trade zone.

Following the receipt of a commercial license in Dubai, traders have the option of producing or importing all of the commodities listed on the license. They have both options: they can export manufactured goods to any country they want, or they can sell these commodities on the local market.

How to Obtain a Commercial License in Dubai?

The following are the steps for obtaining a commercial license in Dubai to start your business in the United Arab Emirates:

1. Choose a Business Activity

Choose your company’s legal structure and the commercial activities it will engage in. Once the license type has been determined, select the best business form. This information can be obtained from the relevant governing body.

2. Obtain Initial Approval

After completing the first step, contact DED to request an initial approval certificate. You must submit the necessary paperwork and make the required payments within the six-month validity period of the initial approval.

3. Establishment of a Legal Structure

Create a Memorandum of Association with a list of the duties that must be fulfilled. The partnership’s characteristics, such as who owns the company and how profits and losses are distributed among investors, should be listed after the legal organisation.

4. Application for Trade Name Approval

The trade name you choose should reflect the venture’s goals and nature. If you want to use that as your official business name, always choose a unique name and avoid using a person’s nickname. Shuraa UK branch experts can help you with the complete list of naming regulations to make it easier for you!

5. Set Up an Office

You must find a suitable office space for your business operation in the Emirates. Specialists can assist you in locating the best office space for your company after assessing your requirements.

6. Submit a License Application

Register your company with the Department of Economic Development ( DED) in the UAE. After that, you can apply for a business license. You can apply for VAT registration later if you meet the requirements.

7. Complete the Payment

After submitting all required papers and completing all forms, the final step is to make the payment. You are given a payment voucher that must be used to pay the fees associated with registering your business and obtaining the permit.

What Documentation Is Required to Obtain an Commercial Licence in Dubai?

Businesses in the UAE must follow the documentation guidelines established by government agencies. To apply for a commercial license in Dubai, you must submit the following documentation:

1.

A copy of your passport

Passport-size photographs

A copy of your entry visa

2. 3. You can consult with our experts to avoid making mistakes. They will help you ensure that your paperwork is accurate and complete.

What Is the Cost of a Commercial License in Dubai?

An important aspect to consider is the commercial license cost in Dubai. In UAE, the cost of a commercial license is anticipated to be AED 12,000. Additional registration fees, immigration fees, venue fees, and other expenses of AED 30,000 or more must also be considered.