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What is the cost of a business license in Dubai?

٠٦ يونيو What is the cost of a business license in Dubai?

How much does a trade license cost in Dubai? A trade license in Dubai is one of the important aspects that every entrepreneur or investor should consider when thinking about setting up a company in this thriving emirate. Known for its attractive investment climate, Dubai offers a variety of business options, making it a preferred destination for businesses. However, the costs of a trade license vary depending on the type of business activity, location, and legal structure of the company. In this article, we will discuss the cost of a trade license in Dubai , the factors that affect it, and the steps required to obtain a license, helping investors make informed decisions and achieve success in the diverse Dubai market.

What

Cost of commercial license in Dubai

The cost of a business license in Dubai is affected by several main factors, including:

  1. Type of Business: Costs vary depending on the nature of the business. Commercial, industrial, and service activities have different requirements and fees.
  2. Location: License costs vary depending on the region or free zone you choose. Some regions may have higher fees due to high demand or benefits available.
  3. Legal Structure: Costs also depend on the type of legal entity you want to set up (such as an LLC, branch, or sole proprietorship). Each structure has its own fees and requirements.
  4. Number of partners: If you have partners, costs may increase due to the need to prepare additional contracts and registrations.
  5. Required Documents: Fees vary depending on the required documents, such as visas, health certificates, etc.
  6. Additional costs : include insurance fees, additional service fees, and legal or accounting consulting costs.
  7. License Renewal: The costs of license renewal should be taken into consideration, which usually occurs every year or every three years depending on the type of license. Understanding these factors helps investors better plan their budget and achieve their business goals in Dubai.

What do we provide you with regarding the cost of a commercial license in Dubai?

At Itqan, we offer a comprehensive range of services to help you obtain a commercial license in Dubai , making the process of establishing your company easier. Our services include:

  1. Professional Consultation: We provide comprehensive consultation to help you choose the right type of business and legal structure for your company.
  2. Document preparation: We undertake the process of preparing and compiling all the documents required to obtain the commercial license, ensuring that you avoid errors and problems.
  3. Submitting applications: We submit applications to the relevant authorities, such as the Department of Economic Development and the Dubai Chamber of Commerce, and follow up on the procedures to ensure speedy completion.
  4. Obtaining approvals: We help you obtain any special approvals you need to start your business, including permits from the relevant authorities.
  5. Facilitating communication with government agencies: We undertake the task of communicating with government agencies to ensure that you receive the service smoothly and quickly.
  6. Guiding you through the process: We provide you with continuous guidance through every step of the license process, making the process clearer and easier.
  7. Post-incorporation services: We provide additional services such as license renewal and amendment, in addition to legal and financial consulting services.

With our professional and experienced team, we work to provide a comfortable and efficient experience, allowing you to focus on developing your business and achieving your goals.

Conditions for obtaining a commercial license to establish a company in Dubai

To obtain a trade license to establish a company in Dubai , a number of basic conditions must be met. These conditions include the following:

  1. Specify the business activity: You must specify the type of activity you wish to practice and submit it when applying for the license. The activity must be in line with the classifications approved by the Department of Economic Development.
  2. Choosing a trade name : A trade name must be chosen that complies with the laws in force in Dubai. The name must not have been used previously and must not conflict with local values ​​or traditions.
  3. Location: A physical office address in Dubai must be provided. Proof of lease or ownership of the location may be required.
  4. Required Documents: Submit all required documents in full and correct, including passport, personal photos, and articles of association.
  5. Minimum Partners: If the company is a limited liability company, there must be at least one partner, and the partner can be local or foreign depending on the type of company.
  6. Obtaining the necessary approvals: For some activities, additional approvals may be required from the relevant authorities, such as the Ministry of Health, the Roads and Transport Authority, or others.
  7. Determine the legal structure: The legal structure of the company must be determined, whether it is a limited liability company, a sole proprietorship, a branch of a foreign company, etc.
  8. Fees commitment: Pay the fees required to obtain a commercial license, which vary according to the type of activity and region.
  9. Registration in the Chamber of Commerce: The company must be registered in the Dubai Chamber of Commerce to obtain membership.
  10. These requirements are an essential step towards realizing your dream of setting up a company in Dubai, and help ensure compliance with local laws.

How long does it take to obtain a commercial license?

Obtaining a trade license in Dubai is a vital step for investors and businessmen who want to establish their companies. The duration of obtaining a license varies based on several factors, including the type of business activity, the complexity of the required documents, and the specific location. The process usually takes from one to three weeks.

First, the investor submits the necessary documents such as passport, articles of association, and proof of office address. These documents are then reviewed by the Department of Economic Development. If activities require special approvals, such as health or educational activities, the waiting period may be longer until those approvals are obtained.

After the review is completed, the trade license is issued, but the investor must pay the required fees at this stage. In case there are any errors or missing documents, these factors may lead to additional delays in obtaining the license. Therefore, it is preferable to plan well and prepare the required documents in advance to ensure that the process goes smoothly. Finally, understanding the timeline for obtaining a trade license is important to ensure that the business starts on time.

What

Documents required for a commercial license in Dubai

To obtain a trade license in Dubai , there are a set of required documents that must be submitted. These documents vary slightly depending on the type of business activity and the legal structure of the company, but in general, the basic documents include the following:

  1. License application: An application form that includes details about the company and the activity.
  2. Copy of Passport: A copy of the owner(s) passport must be submitted.
  3. Photo ID: Usually requires a recent photo of the owner.
  4. Approval Form: In the case of commercial activities that require special approvals, such as health or educational activities, approval must be submitted from the relevant authorities.
  5. Articles of Association: The company’s articles of association are required if it is a limited liability company or a partnership.
  6. Office Address: Proof of office location or business address, such as a lease or property ownership.
  7. Business Plan: In some cases, you may be required to submit a business plan that outlines the type of business activity.
  8. Copy of Business License: If you wish to open a branch of an existing company, a copy of the original license must be submitted.
  9. Special permits: In the event of activities that require additional permits (such as food trade, or educational activities).
  10. It is important to check the specific requirements from the Dubai Department of Economic Development or the authority responsible for the business activity, as laws may change or add new requirements.

In conclusion, obtaining a trade license in Dubai is a vital step for anyone looking to establish a business in this growing emirate. Dubai has an attractive investment environment, making it an ideal destination for investors from all over the world. By understanding the costs of the license, the factors affecting it, in addition to the conditions for obtaining it and the required documents, investors can make informed decisions that contribute to the success of their projects. Working with a specialized entity such as Itqan can greatly facilitate this process, saving time and effort, and ensuring compliance with all legal requirements. Therefore, if you are thinking of entering the UAE market, starting the procedures for obtaining a trade license will be the first step towards achieving your business vision and building a successful future.

Frequently asked questions about commercial license in Dubai