Trade License in Dubai
Businesses looking to establish a solid presence in the UAE need to obtain a Trade license. This is the most important document for carrying out operations legally in the country. Given the UAE has one of the most thriving economies in the Middle East, attracting foreign investors and entrepreneurs, its government has decided to control and regulate the several types of companies looking to participate in its marketplace.
Getting the Trade license is a simple process. It starts from deciding the type of business activity you would like to carry out up to getting approvals from different government departments. In the process, you will have to form a company, since individuals cannot obtain a Trade license, only enterprises can apply for it.
What is the Trade License?
A Trade license is a business document aimed at companies looking to perform a particular activity in the UAE. Thus, this document it is designated the activities the company is going to carry out. Every enterprise that wants to conduct business in the country needs to have this document. Otherwise, it would be working illegally and it could face fines and bad consequences.
The UAE Government has established several types of Trade licenses. This is to regulate the different industries operating in the country. So, depending on the nature of your business, you will have to choose the license that best suits it.
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Types of Trade License in the UAE
You are required to have a Trade license to start your business in the UAE. In this regard, you need to know there are several types of licenses depending on the activities you are going to perform. Since there are thousands of business activities, the UAE Authority has decided to streamline major businesses under a few types of licenses.
Home Business License in Dubai
Working from home has become a great option for small businesses and startups that want to participate in the flourishing market of the UAE. Since it has been gaining popularity, the UAE has established the home business license in Dubai intending to support SMEs.
If you are interested in having a home-based business in Dubai, or anywhere in the UAE, you now have the chance to do it. You can sell your skills, and goods, or offer your services once you have this valid document. Whether you are a UAE resident or a foreign professional, you can apply for this type of trade license.
Instant Trade License in Dubai
Since there are many business opportunities in Dubai, the DED introduced an option for foreign investors looking to set up their businesses in the region. This is the instant trade license. It is an initiative aimed at entrepreneurs looking to start their companies easier and quicker. The best part is that it is a one-step process and you need fewer documents than for the traditional process.
However, it is worth noting that this type of license is only for those businesses that do not need external approvals. Moreover, only businesses with the legal structure of an LLC, one-person LLC, Sole Proprietorship, and Civil Company can apply.
How to apply for the Instant Trade License in the UAE?
The application process for the Instant Trade License is even simpler than for the Traditional Trade License. Keep in mind that through this process you can only obtain commercial and professional licenses. So, if you are interested in any other type of license, you cannot apply.
Who should apply for the Trade License?
Every company that would like to perform any type of business in the UAE should apply for a Trade license. This is for foreign and local business owners as well. Both UAE residents and foreigners have to incorporate a company before starting the application process.
Once your business has a valid license you can start carrying out your operations in the UAE. The best news is that the process to obtain a license is quick. So, in less than 4 weeks you can have your business up and running. Here at Connect Business Centers, we can help you obtain this important document for your company in no time.