Commercial License in Dubai, UAE
What is Commercial License in Dubai, UAE?
A commercial license is a legal document issued by the Department of Economic Development (DED) in Dubai, which permits a company to conduct commercial activities in the UAE. Obtaining a commercial license is a mandatory requirement for all businesses operating in Dubai, whether it’s a mainland, free zone, or offshore company.
At Prodigy Corporate Services, we understand the importance of obtaining a commercial license for your business in Dubai. Our team of business setup consultants can guide you through the entire process of obtaining a commercial license, ensuring that your company is fully compliant with the regulations of the DED.
What are the activities included in Commercial License in Dubai, UAE?
A commercial license in Dubai, UAE, allows a company to conduct commercial activities such as buying, selling, and trading goods and services. Some examples of activities that can be included in a commercial license are:
- Retail activities
- Wholesale activities
- Import and export activities
- General trading activities
- Restaurant and food trading activities
- Business consultancy activities
- IT and software development activities
- Advertising and marketing activities
- Real estate brokerage activities
- Tourism and travel agency activities
Please note that the activities allowed under a commercial license may vary depending on the type of company you are setting up, your business objectives, and other factors. It’s always a good idea to consult with Prodigy Corporate Services to ensure that you apply for the appropriate business license and activities.
Process of obtaining a commercial license in Dubai involves the following steps:
- Determine the business activity: The first step is to determine the business activity that your company wishes to conduct. This will determine the type of commercial license that is required.
- Choose a legal structure: Depending on the business activity, you will need to choose a legal structure for your company. The options include sole proprietorship, limited liability company (LLC), partnership, and branch office.
- Trade name reservation: You will need to reserve a trade name for your company, which should be unique and not similar to any existing company in the UAE.
- Initial approval: Once you have the trade name, you will need to obtain initial approval from the DED, which involves submitting the necessary documents and paying the required fees.
- Office space: You will need to provide proof of office space, which can be in the form of a tenancy contract or a lease agreement.
- Final approval and issuance of license: Once all the necessary documents are submitted and the fees are paid, the DED will issue the commercial license.
At Prodigy Corporate Services, we can handle all of these steps for you, making the process of obtaining a commercial license in Dubai as smooth and hassle-free as possible. Contact us today to learn more about our business setup services in Dubai, UAE.
What are the documents required to register a commercial license in Dubai, UAE?
The specific documents required to register a commercial license in Dubai, UAE may vary depending on the type of business activity and the jurisdiction in which the company is being established. However, in general, the following documents are typically required:
- Completed application form for commercial license registration
- Copy of passport of all shareholders and directors
- Copy of Emirates ID for all shareholders and directors
- No objection certificate (NOC) from the current employer (for UAE residents only)
- Proof of address of the proposed business location
- Tenancy contract or proof of ownership of the proposed business location
- Memorandum of Association (MOA) or Articles of Association (AOA)
- Initial approval certificate from the Department of Economic Development (DED)
- Payment of all necessary fees and charges
It is important to note that the process of obtaining a commercial license in Dubai can be complex and time-consuming, and it is recommended to seek the assistance of a professional business setup service provider such as Prodigy Corporate Services to ensure a smooth and successful registration process.
Advantages of commercial license in Dubai, UAE
There are several advantages to obtaining a commercial license in Dubai, UAE, including:
- Access to a booming market: Dubai is a hub for international trade and commerce, with a strategic location between Asia, Europe, and Africa. Having a commercial license allows your business to tap into this vast market and access a diverse range of customers.
- Ability to conduct multiple activities: A commercial license in Dubai allows you to conduct a wide range of commercial activities, giving you the flexibility to expand and diversify your business.
- Full ownership: Unlike in some other countries, foreigners can own 100% of a mainland company in Dubai, making it an attractive option for investors and entrepreneurs.
- Access to government contracts: Having a commercial license in Dubai opens up opportunities to bid for government contracts and projects, which can be a lucrative source of business.
- Credibility: A commercial license in Dubai adds credibility to your business, demonstrating to customers and partners that you are a legitimate and licensed company operating in a stable and supportive business environment.
At Prodigy Corporate Services, we understand the benefits of obtaining a commercial license in Dubai, and we can help you navigate the process of setting up a company in the UAE. Contact us today to learn more about our business setup services and how we can assist you in obtaining a commercial license in Dubai.
FAQ'S
Frequently Asked Questions
What is the difference between a commercial license and a professional license in Dubai?
A commercial license is required for companies engaged in commercial activities such as trading, manufacturing, and contracting, while a professional license is required for service-based businesses such as consultancy, legal, and accounting services.
How long does it take to obtain a commercial license in Dubai?
The time it takes to obtain a commercial license in Dubai can vary depending on the complexity of the business setup and the jurisdiction in which the company is being established. However, it typically takes between two to four weeks to complete the registration process.
What is the process for obtaining a commercial license in Dubai?
The process for obtaining a commercial license in Dubai typically involves submitting the necessary documents to the Department of Economic Development (DED), obtaining initial approval, registering the trade name, signing the lease agreement, and paying all necessary fees and charges.
Can foreigners own a commercial license in Dubai?
Yes, foreigners can own a commercial license in Dubai and are allowed to own up to 100% of a mainland company, subject to certain conditions and restrictions.
What are the costs involved in obtaining a commercial license in Dubai?
The costs involved in obtaining a commercial license in Dubai can vary depending on several factors such as the type of business activity, the location, and the size of the company. Generally, the costs can range from AED 10,000 to AED 50,000, including government fees, license fees, and other related charges.
At Prodigy Corporate Services, we have extensive experience in assisting businesses in obtaining commercial licenses in Dubai and can help you navigate the registration process smoothly and efficiently. Contact us today to learn more about our business setup services and how we can assist you in obtaining a commercial license in Dubai.
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