What is commercial license in Dubai?
You need to decide the type of license to obtain before beginning the process of establishing a company in Dubai or anywhere else in the UAE
It will be decided wholly by the nature of your business ventures. Commercial, industrial, and professional are different types of general licenses to pick from.
A commercial license in Dubai enables you to trade in goods and sell specific services.
These items can be imported and traded in the UAE, exported for sale outside the UAE, or shopped in the UAE only.
Commercial licenses allow you to trade in any type of goods.
Commercial licensing activities
The following are some of the activities permitted under the Commercial License:
- Import and export
- Supermarket store
- Plumbing contract
- Installation and maintenance of radio, TV station
- Shoe trade
- Warehousing
- Self-storage
- Restaurant Administration
A complete list of allowed commercial business ventures can be received from the Department of Economic Development
Steps to obtain a commercial license in Dubai
Obtaining a commercial license in the UAE is done easily with the guidance of an experienced Business setup specialist.
There are three easy steps to begin the process of preparation for mediation.
Step 1: Choose the business jurisdictions
Free Zone or Mainland Setup?
While Considering a business setup in Dubai, the most significant factor is to choose in between the free zone and the mainland setup.
Both have many benefits. For example Business setup in Ajman Mainland offer a quick and easy integration process, economic benefits such as existing company support, tax breaks, and currency limitations.
Different free zone licenses are also available. Many free zones offer license types, including industrial, commercial, e-commerce, and professional services are available.
We can find many licenses available on mainland too. Mainland businesses can trade straight with the UAE market and receive lucrative government contracts.
Choose the setup based on your business. Professional business experts can help you in determining the right jurisdictions.
Step 2: Name of your company
Picking a company name is an important step in setting a UAE business. there are many things to be considered. You must adhere to a nomenclature convention that is strict but easy to follow.
In brief, you should avoid any irreverent language. Withdraw the names of well-known organizations, and avoid abbreviations if you name your business. You should also verify that the name of your preference is available for registration.
Step 3: License application
The last step in the procedure is to grab your commercial license application. If you set up in Mainland, you can connect directly to DED. If the free zone setting is chosen you can apply directly to the free zone.
However, it is a safe idea to seek the services of a Business consultant.
Documents needed for a commercial license in Dubai
Whether you build your application by yourself or through a business setup agent, you exactly need to present some aspects and some essential documentation.
- Application Completed
- Copy of Owner Passport
- Two passport size photos.
Obtaining your Dubai Commercial License
Obtaining a commercial license in Dubai will not be overly complicated if you have the proper knowledge.
But it is always advised to begin establishing a company under the guidance of business setup consultants in the UAE. They could guide you to obtain your license as well as through out the business formation process.
Besides the license, they can also support the opening of corporate bank accounts and other financial guidance.
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