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Real Estate Brokerage License in Dubai

Real Estate Brokerage License in Dubai

Thinking about starting a real estate business in Dubai? Getting a Real Estate Brokerage License in Dubai is the key to entering this booming market. Dubai’s property scene is growing, with billions of dirhams in transactions each year. With opportunities around every corner, having the proper license ensures you’re ready to dive in and make the most of the booming market.   This guide will explain the process of obtaining your license, from the initial steps to the final approvals. It will also help you confidently start your journey in Dubai’s dynamic real estate landscape.  Why Become a Real Estate Agent in Dubai?  Becoming a real estate agent in Dubai is an excellent career move due to the city’s rapidly growing property market. With a Real Estate Brokerage License in Dubai, you can access a lucrative industry with high demand for luxury homes and innovative buildings.   This license allows you to earn significant commissions and explore various property types. Dubai’s diverse market means you can find your niche and specialise in areas that interest you most. It makes the role both financially rewarding and professionally satisfying.  Additionally, working as a real estate agent in Dubai offers substantial professional growth and global exposure. The industry is constantly evolving, providing opportunities for continuous learning and development.   Combined with Dubai’s high quality of life, vibrant lifestyle, and world-class amenities, a career in real estate here provides a compelling blend of career advancement and personal enjoyment.  Benefits of a Real Estate Agent in Dubai  Dubai’s real estate market is a dynamic and rapidly growing sector. It offers various opportunities for those interested in becoming a real estate agent. Here’s the benefits of a real estate agent in Dubai are as follows:  Growing Market  Dubai is known for its luxurious properties and innovative architectural projects. The demand for real estate services remains strong, driven by local and international investors. As a real estate agent, you can capitalise on this booming market.  High Earning Potential  The real estate sector in Dubai offers lucrative earning potential. Commissions and bonuses can be substantial. With a Real Estate Brokerage License in Dubai, you’ll be well positioned to maximise your earnings.  Diverse Opportunities  Dubai’s real estate market is diverse, ranging from residential to commercial properties. This variety allows agents to explore different niches and find their specific areas of interest.  Global Exposure  Dubai attracts investors and residents from around the world. Working as a real estate agent here gives you global exposure and the chance to build an international network. This can be particularly beneficial if you want to expand your career beyond Dubai.  Supportive Infrastructure  The Dubai government supports the real estate sector with a well-established regulatory framework. Obtaining a Real Estate Brokerage License in Dubai makes sure that you operate within legal parameters and benefit from the sector’s credibility and structure.  Professional Growth  The real estate industry in Dubai is constantly evolving, offering opportunities for continuous learning and professional growth. Agents can participate in industry events, workshops, and training programs to stay updated with the latest trends and technologies.  Once you know the benefits of becoming a real estate agent, the next step is obtaining a Real Estate Brokerage License in Dubai, essential to entering this exciting industry.  Activities you can do under a Real Estate License  The following are activities you can do under a real estate license are mentioned below:  Leasing & Management of Self-Owned Property  Real Estate Buying & Selling Brokerage Abroad  Leasing and Management of Other People’s Property  Real Estate Consultancy (Outside of UAE)  Real estate registration agent  Real estate development   Steps for becoming a Real Estate Agent in Dubai  Starting a career as a real estate agent in Dubai opens the door to endless opportunities in one of the world’s most vibrant and fast-growing property markets.  Step 1: Determine Your Business Structure  First, decide on the type of real estate brokerage you want to establish. This could be a sole proprietorship, partnership, civil company, or LLC.   Each business structure comes with its own legal and financial considerations, so it’s crucial to carefully assess each one’s advantages and disadvantages before deciding.  Step 2: Choose a Trade Name and Obtain Initial Approval  Next, select a trade name that aligns with your brokerage’s brand and meets the Department of Economic Development (DED) guidelines. Once you’ve chosen a name, apply for initial approval from the DED to secure it for your business.  Step 3: Obtain a Residency Visa  To become a real estate agent in Dubai, it is essential to secure a residency visa. UAE and GCC nationals can bypass this step, but expatriates must obtain a valid residency permit.   This can be achieved through a work visa sponsored by an employer or a residency visa through a spouse who is a UAE resident. You will need an Emirates ID and visa to proceed with the licensing process.  Step 4: Complete Certified Training for Real Estate Brokers  Once you have your residency visa, the next step is to complete the Dubai Real Estate Institute (DREI) Certified Training for Real Estate Brokers. This four-day course was approved by the Real Estate Regulatory Agency (RERA) and the Dubai Land Department (DLD). It helps to equip you with essential knowledge of Dubai’s real estate market.   The course covers:  The history and development of Dubai’s real estate sector  Key industry concepts, jargon, and market players  Sales processes, agreements, and legal aspects  Leasing and rental agreements  Ethical conduct and behaviour of brokers  Introduction to Owners’ Associations  General real estate law and essential skills  Classes are available both in-person and online at the RERA training centre at the DLD office. Make sure to review the material thoroughly to prepare for the next step.  Step 5: Pass the RERA Exam  After completing the DREI training, you must pass the RERA registration exam. The exam fee is AED 3200* for those with a bachelor’s degree and AED 6300* for those without.   While a degree is not required, it can enhance your career prospects. The
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Documents Required for Business Setup in Dubai

Documents Required for Business Setup in Dubai

Starting a business in Dubai can be overwhelming, especially for those unfamiliar with local laws and regulations. Dubai has become a hub for entrepreneurs looking to establish their presence in the Middle East. However, one key aspect that can make or break your business setup is having the right documentation in place. Having the correct documents for your business setup in Dubai is essential for a smooth and hassle-free process.  Whether you’re a local entrepreneur or a foreign investor, adhering to the legal requirements and regulations is crucial for establishing your business in Dubai. From trade licenses to permits and visas, the documentation process can vary depending on the type of business you plan to operate.  So, let’s understand the essential documents required for business setup in Dubai and other additional permits you may require.  Essential Documents Required for Business Setup in Dubai  To establish a business in Dubai, you will need to submit various documents to the relevant authorities. The specific requirements may vary depending on the type of business structure you choose (mainland, free zone, or offshore). However, here are some common documents required for business setup in the UAE:  Passport copies of shareholders and directors: Valid passport copies of all shareholders, directors, and managers involved in the business.  Visa application forms (if applicable): For UAE residents, a copy of the residency visa is required. Some jurisdictions may also ask for entry stamp copies if the individual has recently entered the UAE.  Passport-Sized Photographs: Recent passport-sized photographs of shareholders, directors, and managers.  Proof of registered address: Proof of residential address for all shareholders, typically a utility bill or a bank statement. Should be recent (not older than three months) and clearly display the name and address.  Business plan: The plan should include business objectives, market analysis, financial projections, and operational strategies. It is often required for Free Zone and Offshore company formations.  Bank Reference Letter: A reference letter from the shareholder’s bank is usually required for Offshore company setups.  No Objection Certificate (NOC): An NOC from the current employer is required for UAE residents who wish to set up a business while retaining their current job.  Specific Documents Based on Business Type  Here are the specific documents required for business setup in Dubai based on the type of business:  A. For mainland companies  1. Memorandum of Association (MOA)  This document outlines the company’s name, objectives, registered office, and share capital.  2. Articles of Association (AOA)  This document defines the internal rules and regulations governing the company’s operations, such as the powers of directors, shareholders’ rights, and procedures for meetings.  3. Initial Share Capital Subscription Form  This form indicates the amount of capital each shareholder is contributing to the company.  4. Business license application  You will need to submit an application to the Department of Economic Development (DED) for a business license.  5. Proof of office space  You must provide evidence of a leased or owned office space in Dubai.  6. No Objection Certificate (NOC)  If you are planning to engage in certain activities, you may need to obtain an NOC from relevant authorities.  7. Local Service Agent Agreement (if applicable)  Required if the business is involved in an activity that needs a local UAE national as a service agent. This agreement details the responsibilities of the local agent.  8. Trade Name Reservation Certificate  Issued by the Department of Economic Development (DED) after the approval of the proposed company name.   9. Tenancy Contract and Ejari Certificate  Proof of a valid physical office space or business location in Dubai, registered through Ejari (Dubai’s rental property registration platform).  B. For free zone companies  1. Application for a free zone license  You will need to submit an application to the relevant free zone authority.  2. Business plan  A detailed business plan outlining your company’s objectives, strategies, and financial projections is required.  3. Proof of office space within the free zone  You might require to lease or own office space within the designated free zone.  4. Initial deposit  Some free zones may require an initial deposit to be made.  C. For offshore companies  1. Application for offshore company registration  You must apply to the relevant offshore company registration authority.  2. Proof of registered address  You must provide a registered address outside of the UAE.  3. Initial deposit  An initial deposit may be required.  4. Notarized and Attested Documents  If any documents are issued outside the UAE, they must be notarized and attested by the UAE Embassy in the country of origin, and subsequently by the UAE Ministry of Foreign Affairs.  Additional Documents for Certain Business Activities  Depending on the specific nature of your business, you may need to provide additional documents beyond the general requirements outlined above. Here are some examples:  Import/export licenses: If your business involves importing or exporting goods.  Manufacturing licenses: If you plan to establish a manufacturing facility.  Industrial permits: For industrial activities.  Food safety certificates: To ensure compliance with hygiene and safety standards.  Health permits: For businesses related to healthcare or medical services.  Regulatory approvals: If your services require specific approvals from regulatory bodies.  IT permits: For businesses involved in information technology or software development.  E-commerce licenses: For online businesses selling goods or services.  Environmental permits: For businesses that may impact the environment.  Construction permits: For construction or real estate development projects.  Drug licenses: For businesses involved in the distribution or sale of pharmaceuticals.  Each type of business in Dubai has unique documentation requirements based on its structure, operations, and the specific regulatory framework it falls under. Ensuring that all necessary documents are prepared accurately and submitted on time is crucial for a smooth business setup in Dubai.  How Shuraa Business Setup Can Help  Shuraa Business Setup offers comprehensive services to assist you with the entire company formation process in Dubai. Our team of experienced professionals can handle all the paperwork and legal formalities to ensure a smooth and efficient setup.  Key Services Provided  Our experts will assist you in preparing all the necessary documents, including:  Company registration
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Start a Software Company in Dubai

How to Start a Software Company in Dubai?

Start a software company in Dubai and join a growing community of nearly 250,000 IT professionals. Many Dubai software companies began with just five members and have grown to over 150 employees. UAE software developers are highly skilled in computer networking, and software engineering, utilising IoT, AI, and cloud computing for the web.   Starting a software company in Dubai is an exciting opportunity due to its business-friendly environment, strategic location, and strong tech support. The city’s government policies and modern infrastructure help new businesses grow quickly.  If you want to set up a software company in Dubai, you’ll find a welcoming market ready for new and innovative tech solutions.  Benefits of starting a Software Company in Dubai  Before knowing the steps to start a software company in Dubai, you need to know the top benefits of a software company.  1. Business-Friendly Environment   Dubai’s business environment is better than that of other countries. Supportive government policies and tax incentives help entrepreneurs set up businesses in the UAE.    2. 100% Ownership  You can enjoy 100% ownership of your business in the Freezone; on the Mainland, you get 100% ownership for most of the business activities.    3. Advanced Infrastructure  Modern tech parks are specially designed areas equipped with state-of-the-art facilities and resources made for tech companies and startups.   4. Skilled Workforce  Accessing many skilled professionals means businesses can find the right talent for their needs, whether for software development, cybersecurity, data analysis, or other tech-related fields.   5. Innovation Opportunities  High demand drives innovation, encouraging companies and entrepreneurs to develop new products, services, and technologies. It creates a fertile environment for startups and established businesses to experiment with new ideas and technologies to meet market needs.  6. Networking  Industry events, such as conferences, seminars, and trade shows, provide platforms for networking, learning about the latest trends, and meeting potential partners, clients, and collaborators.   7. Quality of Life  A high standard of living means that residents enjoy high-quality services and amenities, which contribute to their overall well-being and satisfaction.  Top 10 Software Companies in Dubai & UAE  Below are the top 10 software companies in Dubai and the UAE, leading tech innovation.    Company  Focus services  Techgrospe  Mobile App (30%)  Custom Dev (25%)   Web (20%)  Chukalov  Web (40%)   UX/UI Design (15%)  Shakuro  Mobile App (40%)   Custom Dev (20%)   Web (30%)  Websailor   Custom Dev (50%)   Web (50%)  Diginix AI  Mobile App (50%)   eCommerce (30%)   Custom Dev (20%)  Rasberry  Web (20%)   Custom Dev (10%)  GCC Marketing  Web (20%)   UX/UI Design (10%)  Appstirr  Mobile App (40%)   Custom Dev (25%)  Blink22   Mobile App (55%)   Web (30%)    Types of Software Companies in Dubai  There are different types of Software Companies in Dubai, it are as follows:  Mobile App Development: Designing apps for smartphones and tablets across various platforms.  Web Development: Creating and maintaining websites for businesses and individuals  Custom Software Development: Building tailored software solutions to meet business needs.  Cloud Computing Services: Offering cloud storage, computing power, and related services.  Cybersecurity Services: Providing protection against cyber threats and ensuring data security.  Enterprise Resource Planning (ERP) Systems: Implementing integrated software solutions to manage business processes.  Game Development: Designing video games for consoles, PCs, and mobile devices.  Artificial Intelligence and Machine Learning: Developing AI and ML solutions for automation and data analysis.  Note: There are other types of software in Dubai, not just restricted to the one mentioned above.   How to Open a Software Company in Dubai?  Below are the steps to help you open a software company in Dubai. These steps might seem overwhelming, but they are easy if done correctly.  If you get stuck on any of the steps below, you can contact our Shuraa experts, and our team will be happy to answer your questions.   1. Select a Business Location  Choosing a business location is one of the most crucial steps. The UAE has three business zones.   Mainland Company: Can operate anywhere within UAE and internationally.  Free Zone Company: 100% ownership and exemption on taxes  Offshore Company: Mainly for export and import business or international trading.   You can choose preferable jurisdictions depending on your business needs and activities.      2. Register your company name  The next step is to choose a trade name and register it with the DED, or Department of Economic Development. Before choosing a name, you must follow the DED guidelines.   Avoid names that have already been taken by other companies. Once you choose a trade name, you need to get approval for it.   3. Choosing a legal structure  The right legal structure is crucial when starting a software company in Dubai. Here are the standard options:  Limited liability company (LLC), the most popular  Sole Establishment  GCC company branch  Local company branch  Free zone company branch  Foreign company branch  Getting the necessary business license becomes easy once you decide on your business’s legal structure.  4. Get License Approvals  The next step is to get the software company license in UAE approvals from the DED. There are generally four types of business licenses available in the UAE:  Professional License  Commercial License  Tourism License  Industrial License  You can choose a professional license for a software company in UAE. This license also permits 100% foreign ownership and the flexibility to operate as a single owner. Depending on your business activity, you might require additional approvals from the concerned authority.  5. Employment Visas and Permits  If you want employees to work in your company, you must sponsor their visas through the General Directorate of Residency and Foreign Affairs Dubai (GDRFA).   Employment contracts, passport copies, fitness certificates, and business owners’ residence visas are required documents for the immigration process.   6. Open a Corporate Bank Account  Opening a corporate bank account in the UAE is relatively easy. This will help you keep track of your business transactions and see your business’s cash flow. If you need any help opening a corporate bank account, you can contact Shuraa.   Documents Required to open a Software Company in Dubai  Below are the documents required to open a software company in the UAE:   Business
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Small Business License Cost in Dubai

Small Business License Cost in Dubai – UAE

It is well known that Dubai offers a business-friendly environment which makes it an attractive destination for entrepreneurs looking to start a small business. However, one of the key requirements for operating a small business in Dubai is obtaining a small business license. This license legitimizes your operations and allows you to take advantage of the various benefits and opportunities available in the region.  Understanding the small business license cost in Dubai is essential for budgeting and planning purposes. The small business license cost can vary depending on the type of business activity, the size of the business, and other factors. Therefore, it is essential to have a clear understanding of the licensing requirements and associated costs, so entrepreneurs can make informed decisions and set realistic expectations for their small business ventures in Dubai.  Small Business License in Dubai  A small business license in Dubai is a legal permit issued by the Department of Economic Development (DED) that authorizes a company to conduct specific business activities within the emirate. It’s essentially a license to operate.  The type of license you need depends on the nature of your business. Here are the primary types:  1. Commercial License  Suitable for businesses involved in trading, importing, exporting, and general commercial activities.  2. Professional License  For businesses offering professional services such as consulting, engineering, accounting, and legal services.  3. Industrial License  Necessary for manufacturing or industrial activities. Typically involves setting up a physical factory or production facility.  It’s essential to note that these are general categories, and there might be subcategories or specific licenses for particular business activities.  Small Business License Cost in UAE  The estimated small business license cost in Dubai, UAE can range from AED 8,000 to AED 15,000 ( around USD 2,178 to USD 4,083). This figure serves as a baseline and covers core fees such as initial approval, trade name reservation, and the base license fee.   However, this is significantly cheaper compared to many other global business hubs which makes Dubai an attractive destination for startups and small enterprises. Dubai’s cost-effective business setup along with its world-class infrastructure, supportive government policies, and strategic location, creates an ideal environment for businesses to thrive and expand.  It’s also crucial to remember that this is just a starting point, additional expenses can quickly accumulate. These include:  Office setup  Visa costs  Professional fees  Marketing and advertising  Technology and equipment  Business setup costs in the Dubai Freezone might be lower compared to the mainland, but it’s essential to consider the ongoing fees. Free zones like the International Free Zone (IFZA) and RAKEZ offer attractive packages with reduced license fees and other startup expenses.  To get a precise estimate for your specific business, consider consulting with a business setup consultant in Dubai like Shuraa.  Factors Affecting the Cost of a Small Business License in Dubai, UAE  When planning to obtain a small business license in Dubai, it is essential to understand the various factors that influence the overall cost. These factors can significantly impact your financial planning and the sustainability of your business. This may include:  1. Type of Business Activity  Different business activities carry varying license fees. For instance, a trading license might be less expensive than a professional services license.  2. Business Location  Mainland Dubai typically has higher license costs compared to free zones. Location within Dubai can also impact costs, with prime areas commanding higher rents and associated fees.  3. Office Space  The size and location of your office space will influence rental costs, which can significantly impact overall expenses. Some free zones offer flexi-desks or virtual offices for startups to reduce initial costs.  4. Business Structure  The legal structure of your business, such as a sole proprietorship, limited liability company (LLC), or partnership, affects the cost of the license. Different structures have different regulatory requirements and associated fees.   5. Additional Permits and Approvals  Certain business activities might require specific permits or approvals from government authorities, which can incur additional fees.  6. Number of Visas Required  The number of visas your business requires for employees and dependents can impact the overall cost. Each visa comes with its own application and processing fees.  7. Currency Exchange Rates  If you’re dealing with international transactions, exchange rates can affect the overall cost of your license.  8. Insurance Costs  Depending on your business activity, certain types of insurance may be mandatory. This can include health insurance for employees, liability insurance, or industry-specific insurance policies.   9. Local Sponsor or Agent Fees  For certain types of business structures and activities, a local sponsor or agent is required. This sponsor typically holds a certain percentage of ownership in the business and charges an annual fee for their services.  How to Get a Small Business License in Dubai   Obtaining a small business license in Dubai involves several steps.  1. Choose a Business Activity  Determine the specific activities your business will engage in. This will help define the type of license you need (commercial, professional, or industrial).  2. Select a Business Structure  Decide on the legal structure of your business (sole proprietorship, LLC, etc.).  3. Choose a Business Name  Select a unique and appropriate name for your business.  4. Secure a Business Location  Decide whether you’ll operate from a physical office or a virtual office. You’ll need to obtain a business address.  5. Prepare Necessary Documents  Gather required documents, including passports, visas, business plan, and financial statements.  6. Submit Application  Apply for the business license through the Department of Economic Development (DED) or the appropriate free zone authority.  7. Obtain Approvals  Secure any necessary approvals from relevant government agencies or departments.  8. Pay Fees  Pay the required license fees and other applicable charges.  Get a Quote from Shuraa!  Understanding the small business license cost in Dubai is crucial for any entrepreneur wanting to start a business in this vibrant city. While the business license cost is generally low, many factors can affect the total expenses. By considering things like your business activity, location, structure, and additional requirements,
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Business Registration Cost in UAE

Business Registration Cost in UAE in 2024-25

Starting a business in the UAE in 2024-25 is exciting and full of opportunities. Knowing the Business Registration Cost in UAE is important for planning. These costs can vary depending on where you set up your business and its type. Whether you choose a free zone or mainland setup, you must consider fees for trade licenses, visas, and other administrative expenses. Understanding these costs will help you start your new business smoothly.  In this blog, Shuraa Business Setup will explain business registration costs in the UAE. We will break down the expenses of setting up a business and highlight the benefits. Read on to cover everything you need to know about starting your business in the UAE.  Basics of the Dubai Company Registration  Setting up a company in Dubai gives you access to a business-friendly environment known for its easy operations, tax advantages, and global market reach. Dubai’s luxurious location connects major trade routes. It also offers easy access to markets in the East and West.   Its diverse workforce boosts innovation and business growth. With strong laws and a stable economy, Dubai provides a safe foundation for business prosperity.  Benefits of Dubai Company Registration  Before you get to know the Business Registration Cost in UAE, it’s important to know the benefits of Dubai Company registration. Below are the different benefits which will help you to know more things about Dubai.   Dubai offers zero personal and corporate income tax. It allows companies to maximise their profits. The Dubai Freezone also offers exemptions from import and export duties.  Dubai is located between Asia, Europe, and Africa, which Definitely helps entrepreneurs to set up more business in Dubai. The UAE world-class infrastructure is the greatest reason why most of the entrepreneurs want to register their business in Dubai.    Registering a company in Dubai is not a hectic task, Dubai has an easy registration process. The Government also helps and boosts the new business setup to grow more in this business Hub.   The Free zones in Dubai allow 100% foreign ownership, eliminating the need for a local partner. Companies in the Freezone are 100% entitled to the profits of the business.   Dubai attracts a set of skilled people to start their business in the UAE from around the world. The Favorable labor laws support the hiring and retention of employees.  Dubai also offers a high standard of living with modern amenities, healthcare, and education. The city is also known for its low crime rates and their high level of safety for the people.   Three types of Business Setups  There are three types of business setups in Dubai. Each zone has its own set of laws and advantages. Before knowing the Business Registration Cost in the UAE, it’s essential to understand the jurisdiction.  The cost of registering your business also depends on the type of business zone you are choosing. Following are the three types of business setups:  Free Zone   Mainland   Offshore  Free Zone   Businesses registering under a free zone get many benefits. These include tax exemptions and exemptions from many mainland regulations. Entrepreneurs choose free zones as they allow many businesses to operate from designated areas. They also provide 100% foreign ownership.   Free zones are helpful for international companies that target specific industries. Dubai plays a major role in international businesses. It provides regulatory benefits and specialised infrastructures, especially for various industries in the UAE.   Mainland  Companies that select the mainland for their business setup can freely trade throughout the country. They can even lease or own their priority in the mainland area. For entrepreneurs who are looking to directly engage with the UAE market, the mainland is the best option. Companies can also bid for government contracts. This opens a wide range of business opportunities for entrepreneurs.   Offshore  If you operate your business offshore, you have many attractive options for prioritising international trade and securing your assets. You don’t need to follow any local corporate taxes and regulations. These companies are best for operations outside the UAE.   Components of business registration cost in UAE  Business registration costs in the UAE involve many components. The expenses include office rent, the firm’s commercial activities, the necessary license type, and other pertinent factors.  Business Registration Cost  The first component of business registration costs in the UAE is registering your business. The cost depends on the number of shareholders in a business. Starting a business in the UAE usually ranges from AED 12,500 to AED 28,500 (2,635 USD to 7,759 USD). However, the cost of a business startup in Dubai can vary depending on your business’s nature.   Trade Name   The second component of business registration costs in the UAE is getting a trade name. Once you have finalised a trade name, you have to register it. It is important to choose a name that is right for your business and will indicate its nature.   If you need help choosing a trading name, consult our Shuraa Business Setup experts. They will help you choose the right name for your business.   Types of Business License   In this component, you must apply through the DED to get a business license on the mainland. In free zones, you should apply through their respective authorities. Once you have your business license, you must secure external approvals from other governmental bodies.  There are 4 types of Business Licenses:   Industrial License   Commercial License  Professional License  Tourism License Office for Rent   In this case, you must choose a rented office space where your office will be set up and the cost of the rented office. The cost of the rental depends on the location, which is important for your business’s success. Contact our Shuraa Advisors to understand the benefits and regulations of different business zones and the exact cost of renting an office in the UAE.   Important Documents for Starting a Business in Dubai  The documents needed to start a business in Dubai include:  Passport photographs  Passport copies of all legal participants  Completed application form  Memorandum of Association (MoA) and Local
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UAE Golden Visa

How to Apply for a UAE Golden Visa?

In recent years, the United Arab Emirates (UAE) has introduced a game-changing initiative known as the Golden Visa. The UAE Golden Visa is a prestigious residency permit that offers long-term residence to individuals who meet certain criteria. This visa is highly sought after due to its numerous benefits, including the ability to live, work, and study in the UAE without the need for a sponsor.  But how do you secure your own UAE Golden Visa and unlock this world of opportunity?  If you are considering applying for a UAE Golden Visa, we’ve got you covered. Here we will explain everything including the application process, eligibility requirements, benefits, Golden Visa price, and much more. But first let’s understand what exactly a golden visa is.  UAE Golden Visa  Launched in 2019, UAE Golden Visa is a long-term residency program offered by UAE government. It essentially allows foreigners to live, work and study in the UAE for a long duration, without the need for a traditional employment-based or sponsorship-based visa.  The Golden Visa offers residence permits valid for 10 years, a significant advantage compared to standard visas. The visa also allows holders to sponsor their spouse, children, and even domestic helpers for residency.  Eligibility for UAE Golden Visa  There are several categories of people who can be eligible for the UAE Golden Visa, each with its own set of requirements.  1. Investors  Invest at least AED 2 million (around $545,000) in an UAE-based investment fund or national bank.  Set up a company in the UAE with a minimum capital of AED 2 million.  Be a partner in an existing company with a minimum investment of AED 2 million.  Own a company that generates annual tax contributions of at least AED 250,000 to the UAE government.  2. Entrepreneurs  Own an innovative business project with a value of at least AED 500,000.  Secure approval letters from a UAE auditor, relevant authorities, and a qualified business incubator.  3. Other Eligible Individuals  Doctors, specialists, and researchers in critical fields can apply based on their qualifications and experience.  Students who excel academically in UAE universities or globally recognized institutions may be eligible.  Required Documents to Apply for UAE Golden Visa  The required documents for a UAE Golden Visa application depend on the specific eligibility category you fall under. However, here are the general requirements:  Copies of your passport  Recent passport-sized color photographs  Proof of health insurance  Documents proving investment in UAE, such as property ownership, company shares, or investment funds  Copy of a valid trade license (if applicable)  Bank statements  How to Obtain a Golden Visa in UAE?  Here’s a step-by-step guide on applying for a UAE Golden Visa:  1. Determine Your Eligibility  Before beginning the application process, confirm that you meet the eligibility criteria.  2. Gather Required Documents  Prepare the necessary documents based on your eligibility category. Ensure documents are valid, translated into Arabic if needed, and attested by relevant authorities.  3. Apply for a Golden Visa  You can apply online through the Federal Authority for Identity and Citizenship (ICA) portal or the General Directorate of Residency and Foreigners Affairs (GDRFA) depending on your location in the UAE.  Register an account if you don’t already have one.  Complete the Golden Visa application form with accurate details.  Upload all the required documents in the specified format.  Pay the applicable fees using the available payment methods.  4. Await Approval and Communication  The authorities will review your application. You can track the application status online through the chosen platform (ICA or GDRFA).  5. Receive Approval  If your application is approved, you will receive a notification. This approval is usually granted in principle, meaning you are eligible for the Golden Visa, subject to the completion of further formalities.  6. Complete Medical Tests and Emirates ID (if approved)  If your application is approved, you’ll likely need to undergo medical tests as mandated by the UAE. You’ll also need to visit the relevant authorities to get your Emirates ID processed.  7. Enjoy the Benefits of Your Golden Visa  Once everything is finalized, you’ll be able to enjoy the benefits of your UAE Golden Visa, including long-term residency, work opportunities, and the ability to sponsor family members.  Consider consulting with immigration experts or legal advisors like Shuraa who specialize in UAE residency to help navigate the process.  How Much Does It Cost to Obtain UAE Golden Visa?  The 10-year golden visa in UAE cost typically ranges from AED 2,800 to AED 4,800 depending on whether you apply inside or outside the UAE. Besides the golden visa cost, other costs should also be taken into consideration, including:  Cost of medical test: AED 700 approx.  Emirates ID fees: AED 1,150  These are estimated figures, and the actual cost may vary depending on specific circumstances. Additional fees might apply depending on your chosen category and emirate.  Golden Visa Dubai Benefits  The UAE Golden Visa offers a variety of attractive benefits for those who qualify, this includes:  1. Long-Term Residency  Unlike standard UAE visas that require frequent renewals, the Golden Visa grants residency for a significant period, typically 10 years. This allows you to establish yourself in the UAE with greater stability and peace of mind.  2. Greater Freedom of Movement  Compared to standard visas that often require you to stay in the UAE to maintain validity, the Golden Visa offers more flexibility. You can travel outside the UAE for extended periods without jeopardizing your residency status.  3. Tax Advantages  The UAE has no federal income tax on individuals. While some emirates levy specific taxes, Golden Visa holders may enjoy potential benefits depending on the chosen emirate and their business activities.  4. Exciting Business Opportunities  The Golden Visa opens doors to exciting business opportunities in the UAE’s thriving economy. You can invest in property, establish a business on the mainland with full ownership rights, or network with potential investors and partners.  5. Family Sponsorship  Golden Visa holders can sponsor their spouse and children (including dependents exceeding the usual age limit) for residency in the UAE. This allows
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Business Setup in Sharjah

Business Setup in Sharjah: Process, License, & Cost

Sharjah is the third-largest emirate in the United Arab Emirates (UAE) and is rapidly emerging as a hub for entrepreneurs and investors. Sharjah is very well known for its cultural heritage, stunning landscapes, and business-friendly environment. Business setup in Sharjah offers numerous benefits, including tax advantages, access to a skilled workforce, and proximity to key markets in the Middle East and beyond. Understanding the process and requirements for business setup in Sharjah is crucial for any aspiring entrepreneur. From selecting the right type of license to understanding local regulations and procedures, there are several steps involved in setting up a business in Sharjah. So, let’s take a close look at how to set up a business in Sharjah, the process, type of license, cost and more. Why Choose Business Setup in Sharjah, UAE? There are several advantages to setting up a business in Sharjah, UAE, both in the Sharjah mainland and the emirate’s free zones. Here are some of the key benefits: 1. Strategic Location Sharjah is strategically located between Europe, Asia, and Africa which makes it a prime location for businesses looking to access markets in these regions. 2. Business-Friendly Environment Sharjah has a reputation for being entrepreneur-friendly. The government implements policies that encourage foreign investment and support business growth.  3. Tax Advantages Depending on the location (Mainland vs. Free Zone) there can be exemptions on corporate and personal income tax, import and export duties, and minimal ongoing operational costs. 4. 100% Foreign Ownership In the Free Zones and for many business activities in the Mainland, foreign investors can have complete ownership of their businesses. 5. Skilled Workforce The UAE, including Sharjah, has a highly skilled and multicultural workforce. The government has invested in education and training programs to ensure the availability of skilled professionals across various industries. 6. Variety of Business Structures Businesses have the flexibility to choose from various legal structures, including LLCs, sole proprietorships, and partnerships which allows them to pick the one that best suits their needs. Types of Business License Available in Sharjah Sharjah offers several business licenses to cater to different business activities. Here are the main types: 1. Commercial License This is the most common type of license, required for businesses involved in trading activities such as import, export, retail, and wholesale. 2. Industrial License This license is required for businesses involved in manufacturing or industrial activities, such as the production and packaging of goods. 3. Professional License If your business provides professional services like consulting, accounting, or legal services, you will need a professional license. 4. Tourism License Businesses operating in the tourism sector, such as hotels, travel agencies, and tour operators, require a tourism license. The specific requirements and activities covered under each license can vary, so it’s advisable to consult with the Sharjah Department of Economic Development (DED) or a business setup specialist at Shuraa for detailed guidance. Types of Business Setup in Sharjah: Mainland & Freezone Sharjah, like other emirates in the UAE, provides two main avenues for business establishment: the mainland and the free zones. Each offers distinct business structures with its own set of advantages and requirements. 1. Mainland Company Limited Liability Company (LLC) is the most popular choice which allows multiple shareholders (up to 100) with limited liability proportional to their investment. Requires a local Emirati sponsor who holds a majority share (usually 51%) unless operating in specific government-approved sectors that allow 100% foreign ownership. Ideal for businesses that want to operate within the UAE market and participate in government tenders. Grants access to the entire UAE market and allows trading locally. Generally more regulations compared to free zones. 2. Freezone Sharjah boasts multiple free zones, each specializing in specific industries.  Similar to an LLC, a Free Zone Company (FZC) allows full foreign ownership (100%), ideal for complete control by foreign investors. The business operates within a designated free zone area in Sharjah. Primarily restricted to trading outside the UAE (though some free zones allow limited local sales with additional licenses). Less stringent regulations compared to the mainland. Documents Required For Company Formation in Sharjah The documents required for business setup in Sharjah will vary depending on whether you choose the mainland or a free zone. However, here is the general requirements: Passport copies of all company shareholders and directors. Passport-size photographs Business plan Application form Trade name reservation certificate Local Sponsor Agreement (if applicable) Memorandum of Association (MOA) No Objection Certificate (NOC) (if applicable) Bank reference letter How to Set Up a Business in Sharjah?  Company formation in Sharjah involves several steps, including: 1. Define Your Business Activity Business Activity: Clearly define the activities your business will undertake. Research and identify the appropriate business license category. 2. Choose your Legal Structure Decide on the structure (LLC, sole proprietorship, etc.) that best suits your ownership and liability needs. For the mainland, you may need to consider the local sponsor requirement for certain categories. 3. Trade Name Choose a unique and available trade name. You can check name availability through the Department of Economic Development (DED). 4. Business Registration For the mainland, register your trade name and company structure with the DED. This might involve submitting documents like a Memorandum of Association (MOA) for an LLC. For Free Zone, register your business with the chosen free zone authority. Each free zone may have specific requirements for registration. 5. Obtain Licenses and Permits Apply for the relevant business license based on your activity (commercial, industrial, professional etc.). Depending on your business activity, you might need additional permits from specific government entities. 6. Open a Corporate Bank Account Open a corporate bank account in a local bank in Sharjah. Provide the bank with the necessary documents, including the company registration certificate, establishment card, and passport copies of shareholders. 7. Visa Processing Apply for residency visas for company shareholders, employees, and dependents through the General Directorate of Residency and Foreigners Affairs (GDRFA) in Sharjah. Visa requirements may vary depending on the business structure and nationality of individuals. Consult
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Cost of a Trade License in Dubai

What is the Cost of a Trade License in Dubai?

If you’re thinking about starting a business in Dubai, one of the first things you’ll need to consider is obtaining a trade license. A trade license in Dubai is a legal document that allows a business to operate in a specific industry or location. It is a crucial requirement for all businesses in Dubai, ensuring that they are operating within the law and contributing to the local economy.  Trade license acts like a government-issued ID, specifying the activities your company is authorized to conduct. Without it, you simply can’t operate legally. Now, the question on every entrepreneur’s mind is: how much does a trade license cost in Dubai? The answer, like Dubai itself, is dynamic. While there are base fees involved, the overall cost can vary depending on your specific business activities and chosen legal structure. Therefore, we are here to explore everything you need to know about a Trade license in Dubai, how to obtain one, and all the costs involved, so you can make informed decision for your entrepreneurial journey. What is a Trade License in Dubai? A trade license in Dubai is basically a permit issued by the Dubai government that allows you to legally conduct business activities within the city. It’s like an official stamp of approval saying you meet all the regulations and requirements to operate a business there. Why is it necessary for businesses? It gives your business legal sanction to operate. Without a license, your business would be considered illegal and you could face fines or even closure. A trade license also signifies that you’ve gone through the proper channels and met government standards. This can help build trust with potential customers, partners, and investors. Types of Trade Licenses in Dubai There are different types of trade licenses available in Dubai, each catering to a specific kind of business activity. Here are the main license types: 1. Commercial License This is the most common type of license, issued to businesses involved in buying and selling goods, commodities, or services. This can include trading companies, retail stores, import-export businesses, and restaurants. Read More: Commercial License in Dubai 2. Industrial License This license is required for businesses that are involved in manufacturing or industrial activities. This includes things like factories, workshops, and assembly plants. Read More: Industrial License in Dubai 3. Professional License This license is for businesses and professionals providing services that depend on their academic qualifications and technical skills. This could include architects, engineers, lawyers, consultants or any other businesses offering professional services. Read More: Professional License in Dubai 4. Tourism License This license is specifically for businesses operating in the tourism sector, such as travel agencies, tour operators, or companies offering various tourism-related services. Read More: Tourism License in Dubai 5. Agriculture License This is a specialized license issued to businesses involved in agricultural activities like farming, fishing, and animal husbandry. To know which trade license would be suitable for your business activity, get in touch with business setup experts at Shuraa. They’ll help you find the right one based on your business needs. How to Obtain a Trade License in Dubai? Obtaining a trade license in Dubai involves several steps, depending on the type of business you wish to establish and its location (mainland, free zone, or offshore). Here’s a general guide to help you through the process: 1. Choose a Business Name Pick a unique and appropriate trade name that complies with UAE naming regulations. You can check name availability through the Department of Economic Development (DED) of Dubai. 2. Define Your Legal Structure Decide on the legal structure of your business, such as a sole proprietorship, limited liability company, or branch of a foreign company. Each structure has its own requirements and implications. 3. Define Your Business Activities Identify the specific business activities your company will be engaged in. This will determine the type of trade license you need to apply for (e.g., commercial, professional, tourism). 4. Gather Required Documents Assemble the necessary documents, which typically include your passport, visa, business plan, tenancy agreement (if required), and other permits (if applicable). 5. Apply for a Trade License Once you have everything in order, submit your completed application form and all the required documents to the DED. This can be done electronically or in person. There are associated fees for processing your application and obtaining the trade license. Make sure to settle these fees. 6. Obtain Additional Approvals (if needed) Some business activities might require approvals from other government departments in addition to the DED. This could involve permits from health authorities for restaurants or environmental agencies for factories. 7. Obtain the Final License After processing and approval, you’ll receive your official trade license electronically or through mail. This signifies your authorization to operate your business in Dubai. If you choose a free zone, the process is similar but typically involves fewer steps since free zones streamline many requirements, and you deal directly with the free zone authority. What is the Cost of a Trade License in Dubai? The Cost of a Trade License in Dubai generally ranges from AED 15,000 to AED 50,000 (around USD 4,083 to USD 13,613m). However, the overall cost of setting up a business can vary depending on several factors, including the type of business activity, the business structure, the location (mainland or free zone), and additional permits or approvals required. On top of the license fee, there might be additional costs such as: DED registration fee Knowledge and innovation fees Dubai Chamber membership fees (if applicable) Business center fees (if applicable) Factors Influencing the Cost of a Trade License in Dubai Here are some of the key factors that can influence the cost of a trade license in Dubai: 1. Type of Trade License Different licenses have varying base fees set by the government. For example, a Commercial License, allowing for trading activities, will typically cost more than a DED Trader License, which caters to home-based businesses with limited activities. 2. Business Activities
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Car Wash Business in UAE

How to Start a Car Wash Business in UAE?

Do you think a car wash business is profitable in Dubai? The answer is yes. The car washing business can be profitable in just 1-2 years. The Emirati population has a luxurious car owned by them. In the coming year, it is expected that the vehicle growth per 1000 UAE people is expected to be around 8.19% by 2028, as per the reports.   Starting a car wash business in the UAE is a profitable market expanding yearly. Before starting a car wash business in the UAE, you must note many things. The car wash business in Dubai requires proper planning, research, preparation and documentation.   Proper market research is necessary to find the perfect location for your business, get the necessary permits, buy the right equipment, and more. Shuraa can you help with this process.   Our experts at Shuraa Business Setup are well-trained experts who will help you start a car wash business in Dubai. We can help you to get the required Car Wash Business license in Dubai.   Key Points of Car Wash Service Demand in the UAE  The demand for car wash services in the UAE is increasing due to several factors:  Status and Presentation  Having a neat and clean car helps you to maintain your image. Imagine you going on a meeting or a date. Somewhere the people around you will surely notice your dirty vehicle.  Imagine what impact it will create. So, car owners focus on regular, high-quality cleaning and detailed servicing of their cars.   Climate of UAE  The hot temperature of UAE can ruin the paint of your cars. To maintain the car’s appearance, you must clean the vehicle. Cleaning your car is important as it changes the whole appearance of your vehicle.   UAE is a desert area, and the car wash helps to remove the sand and debris from your car. It also keeps your vehicle in good condition and lasts longer.   Tourism Boom  The UAE is a place for the Tourism industry. Approximately 12 million people come to the UAE to travel and explore. Many tourists demand that they rent a car to explore areas in the UAE, and renting a car is easy in Dubai.   Rental companies need car wash services to keep their cars clean and presentable for customers.   Busy Lifestyles  Businessmen and other wealthy people don’t have time to clean their cars daily. A car cleaning business can help you clean your vehicle. During these times, there has been a higher demand for convenience and time-saving professional car wash services.   Services are important for your cars to work for a longer period. It doesn’t just help your car look good but also increases the car’s life.   Types of Car Wash Business Models in the UAE  There are two types of car wash business models in the UAE  Manual Car Wash  Automatic Car Wash  Manual Car Wash  Many customers in the UAE prefer manual car washing. As manual car washes are popular with their skilled attendants, the services are provided manually for the cars. The equipment used in manual car washing are high-pressure water jets, specialised brushes, and cleaning agents. They even offer additional car services such as interior cleaning, vacuuming, and detailing the car’s cleanliness.   Automatic Car Wash  Nowadays, automatic car washing is becoming popular as it saves time and the work is done efficiently. In automatic car washing, the vehicles are cleaned with equipment like conveyor belts and robotic arms. The automatic car wash is Available in various formats like   On the other hand, automatic car wash facilities are gaining momentum due to their efficiency and speed. These facilities clean vehicles quickly and use state-of-the-art equipment, such as tunnel washes and self-serve stations. This mode of car washing helps you save time, and it’s easy peasy, too.   How to Start a Car Wash Business in Dubai?  The steps below will smooth out the process if you plan to start a car wash business in Dubai.   1. Select Your Business Activities The first step is to select your business activities for starting a car wash business in Dubai. You need to contact the Department of Economics Development (DED). DED will help you access the approved business activities.   If you need more clarification about your business activity and need help, you can contact us at Shuraa Business Setup for help with the necessary approvals. If any desired activities need to be listed, we will help you select your business activity.  2. Choose a Business Structure  Once you have selected your business activity, the next step is to choose a business structure. You can choose a sole proprietorship to operate as a single business owner, limited liability company, or LLC with multiple partners.   Each business structure has different implications for ownership and liabilities. Mostly, the entrepreneurs in UAE chose LLC as their business structure.   3. Choose a Business Name  The third step in starting a car wash business in Dubai is choosing a business name. Make a list of names that suit your business and submit them for further approval. The name should not reference God’s name or divine attributes in Arabic or English, such as Al Qader, Al Aleem, Al Razzaq, etc.  Follow the name guidelines, as many names are prohibited in the UAE. If you want to keep your name as your business name, you must use your full name.   Note: If you need clarification about your business’s name and are trying to decide what to keep, you can consult our experts at Shuraa.   4. Select Mainland or Free Zone Setup  You can choose between a Mainland and a Free Zone setup based on ownership control, operational flexibility, taxation, and setup costs.   The mainland provides local market access, while Free Zones offer 100% foreign ownership, tax incentives, and simplified procedures. However, free zones limit activities to those within or outside the UAE.  5. Choose a Location  The other important step is to find a food location to start a Car Wash Business in Dubai. According to Dubai laws, the
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How Can I Get a Food Truck License in Dubai?

Food trucks have become a popular dining option in Dubai, offering a wide variety of delicious and convenient meals to residents and tourists alike. From gourmet burgers to authentic street food, food trucks in Dubai cater to a wide variety of tastes and preferences. However, before you can hit the streets with your own food truck, you need to obtain a food truck license in Dubai.  Dubai is known for its high standards when it comes to food safety and hygiene, and this is no exception for food trucks. The Dubai Municipality has strict regulations in place to ensure that all food trucks meet these standards before they can operate.  From the cleanliness of the truck to the quality of ingredients used, every aspect of the food truck business is closely monitored to protect the health and well-being of consumers.  Here we will guide you on how to obtain a food truck license in Dubai, what are the standards you need to maintain, and requirements that aspiring food truck owners need to fulfill.  Why Start a Food Truck Business in Dubai?  Starting a food truck business in Dubai can be highly rewarding due to several benefits and opportunities that the city offers. Here are some key reasons:  1. Low Investment, High Return  Compared to traditional restaurants, food trucks require a significantly lower initial investment. This translates to quicker returns on investment to allow you to see profits sooner and reinvest in your business growth.  2. Mobility  This is a huge advantage. You can move your truck around to different parts of the city, finding areas with high foot traffic or catering to events.  3. Foodie Culture  Dubai has a large and diverse population that is always interested in trying new and exciting foods. This is a fantastic opportunity to introduce a unique cuisine or concept.  4. Event Opportunities  Dubai hosts numerous events, festivals, and markets throughout the year, which provide lucrative opportunities for food trucks to operate in high-traffic areas and generate substantial revenue.  5. Simpler Operations  Food trucks typically have a smaller menu and less staff than a full-service restaurant, which can streamline operations and potentially reduce overhead costs.  6. Become a Brand  Your food truck itself can be a marketing tool. With creative branding and a catchy concept, you can build a loyal following and establish a strong brand identity.  7. Technology Integration  Dubai is known for its advanced infrastructure and tech-savvy population. Food trucks can leverage technology for online ordering, mobile payments, and social media marketing to enhance customer experience and drive sales.  Which License is Required to Start a Food Truck Business in Dubai  To start a food truck business in Dubai, you will need a trade license issued by the Department of Economic Development (DED). The specific type of trade license you need depends on your business operations.  Professional License is typically suited for smaller businesses, including food trucks with a limited scope of operations. It may have limitations on the number of employees or business activities.  Commercial License offers more flexibility for larger businesses and allows for a wider range of commercial activities. However, it typically comes with a higher cost compared to a professional license.  Requirements to Start a Food Truck Business in Dubai  Starting a food truck business in Dubai involves meeting specific requirements to ensure compliance with local regulations. Here are the basic requirements:  Business Plan & Approvals   Licenses & Permits  HACCP Certification  Location Permits  How to Obtain a Food Truck License in Dubai?  Here is a step-by-step process to help you obtain a food truck license in Dubai:  1. Craft a Business Plan  Outline your food truck concept, menu, target market, financial projections, and marketing strategy. This plan will be crucial for securing approvals.  2. Trade Name Approval  Choose a business name and get it approved by the Department of Economic Development (DED). Also, submit your business plan to the DED for review and get their initial go-ahead.  3. Obtain HACCP Certification  This internationally recognized certification ensures your food handling practices adhere to the Hazard Analysis Critical Control Point standards. You’ll need to implement a HACCP plan in your food truck and get it certified by an accredited body.  4. Secure Dubai Municipality Approvals  The Dubai Municipality needs to approve your food truck’s design and ensure it meets its health and safety regulations. They will also likely inspect your planned central kitchen facility if you won’t be preparing food directly on the truck.  5.. Finalize Your Location Strategy  Decide where you plan to operate your food truck. You will need permits from the Roads and Transport Authority (RTA) for public spaces or agreements with private property owners for designated parking areas.  6. Trade License Application  Submit your business plan to the DED. They will assess its viability and grant you the initial go-ahead to proceed with obtaining the necessary licenses. Provide necessary documents, including   Completed application forms  Copies of your passport and visa  Passport-sized photographs  Business plan  DED approval  HACCP certification  Food truck design and layout approval  Proof of location permits (if applicable)  7. Acquire a Suitable Food Truck  This involves purchasing a commercially registered vehicle and outfitting it with the necessary equipment to prepare and serve your food according to safety standards.  8. Final Approvals & License  With DED approval and other certifications in place, apply for your official trade license from the DED. The specific type (commercial or professional) will depend on your business activities.   Consider consulting a business setup specialist in Dubai at Shuraa Business Setup. They can guide you through the process and ensure you meet all the requirements.  What is the Cost of a Food Truck License in Dubai?  The cost of a food truck license in Dubai generally starts from AED 12,999. However, the actual cost of the license may vary depending on company name registration, license issuance, a court sign, stamp fees, Tasheel service fees (government service processing), and RTA (Roads and Transport Authority) charges.  There might be additional fees involved depending
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