The United Arab Emirates (known as the UAE) and more specifically Dubai are considered by most as Middle East´s commercial capital. Thanks to its economy, industry, trade, and logistic sectors and the explosive growth they had these last 2 decades. Simply put, setting up a business in the UAE can rack up quite a profit for aspiring entrepreneurs, as well as cause an impact globally.
Nevertheless, to set up a company in the UAE, obtaining a business license becomes a requirement and one of the most important parts of the process. And to obtain one, there are several considerations to take into account. These considerations range from understanding various types of licenses and choosing the right one for your business.
Before talking about business licenses, you need to understand the basics regarding them. Whether a Freezone or the Mainland, each onshore business is must be licensed.
Firstly, thanks to the business license, your business is able to have an identity since a license is a document that certifies your company´s legal status. In other words, companies receive a business license to provide responsibility for their business operations. Moreover, having a business license organizes, safeguards, and categorizes the firm´s legal cases.
Additionally, a business license allows a company to stay in line with the UAE´s Commercial Firms act, letting them trade lawfully as a company.
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Before talking about business licenses, you need to understand the basics regarding them. Whether a Freezone or the Mainland, each onshore business is must be licensed.
Firstly, thanks to the business license, your business is able to have an identity since a license is a document that certifies your company´s legal status. In other words, companies receive a business license to provide responsibility for their business operations. Moreover, having a business license organizes, safeguards, and categorizes the firm´s legal cases.
Additionally, a business license allows a company to stay in line with the UAE´s Commercial Firms act, letting them trade lawfully as a company.
This type of license is issued to both individuals and companies so they can provide their services in Dubai and the UAE. The company firm will be classified as a Civil Work Corporation if the owner is more than one person. This license is mostly available for consultants, auditors, and lawyers.
Furthermore, a UAE technical license is issued to IT service suppliers, mechanics, craftsmen, etc. Additionally, a professional license allows an ex-pat to have 100% ownership, making them able to become the ultimate owner.
Some activities that include a professional license in the UAE are as follow:
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