Why Do you need a Business License to do business in Dubai?

by Rohit Sharma Internet Marketer

The UAE is a widely commercial capital of the Middle East. The industry, economic, trade, and logistics sectors have grown significantly over the past two decades. They heavily impact the global economy. The company registration process in Dubai is valid and the most important part of the process is obtaining a business license in Dubai. To conducting a business in Dubai you are required to obtain a business license for your company.

You can also consult with the best business consultancy services in Dubai. Their skilled professional will help you to make these processes quick and easy. They have years of experience in this field.

First of all, you need to understand the license of the UAE company. Every onshore business should be licensed in Dubai, be it in the free trade zone or in key areas.

The corporation will have an identity for the Dubai business license. A corporate license is that document that attests to the legal status of a company. The companies are granted business licenses to offer responsibility for their operations in the field. It also secures, organizes, categorizes the legal affairs of the firm.

If you want to trade legitimately as a company the getting a trade license is a must.

The trade licenses will make sure that the company is managed in accordance with the commercial firms Act of the United Arab Emirates. In addition, getting a trade license in Dubai will help you to trade legally and according to the rules of regulatory authorities, as well as providing you with many benefits.

Major Licenses in Dubai that you can Apply For

The DED (Department of Economic Development) is the agency for the issuance of business license in Dubai. One of the many licenses is allocated to any company by the department of economic development, which gives them prominence based on the operation of their business.

These are the business licenses that available in the UAE are:

Commercial license covers all trading activities
Industrial license for manufacturing activity
Professional license covers under profession
Tourism license for travel and tour agency
Freelance license

Advantages of Acquiring a Commercial License

A commercial license works as both protection and regulation for trade companies in the UAE. The advantages offered by a commercial license are:

You can do a maximum of 10 activities with one commercial trade license
Multiple options for the company types to register
Many similar activities of a business can be carried out under the same license
Safe business engagement with the department of economic development and the register of companies
The company management and residence visa for staff
Helping in opening corporate bank accounts
Cost-effective methods for the commercial trade license renewal in the United Arab Emirates

Where to Apply for a Business License in Dubai

The DED (Department of Economic Development) is the government body to issue business licenses to businesses from the rest of the world. If it is about free zones, then the relevant free zone jurisdiction granted business licenses for free zones. The same process applies to the offshore business sector. If you want to conduct your business in Dubai, then you should apply for a trade authorization with the department of economic development.

The authorizing process includes a wide variety of documents, and it may also involve other regulatory bodies. It will take three days to several weeks to obtain a trade license in Dubai. Your commercial conduct determined the period to obtain a business license, the permission you are required by regulatory and non-governmental agencies. If you have the necessary paperwork, a trade license in Dubai would be provided in three days.

Above we mentioned the things that the business license in Dubai is necessary for setting up a business in Dubai. We hope all things will guide you.