Dubai is a city known for its glittering nightlife and sparkling oceans. But it’s also a city known for its thriving economy and fantastic trading opportunities.
For this reason, many entrepreneurs looking to launch a company in the United Arab Emirates select Dubai as their base of operations. More than 55,000 brand-new business Licenses were issued in the last year alone.
Continue reading if you want to learn how to get a trade License in Dubai and follow this growing trend. This manual takes you step-by-step through the application process for a Dubai business license.
What Is a Trade License?
The business license is a legal document that specifies the kinds of operations a company is permitted to conduct in the UAE. The Department of Economic Development is responsible for issuing each trade License.
In Dubai, general trading Licenses are valid for a variety of pursuits. These include carrying out commercial activities and importing and exporting goods.
A Dubai trade License is available to businesses in Dubai Free Zones. Professionals who provide services unique to their industry can also apply for a Dubai trade license.
Types of Trade License
Dubai trade licenses are not all created equally. There are four main categories of licenses available to you:
Before applying for any of these trade licenses, it’s crucial to make sure you have the necessary paperwork in order. Your license could not be issued on time if this is not done.
Benefits of Trade Licenses in Dubai
Many business owners choose to establish branches or organizations in the UAE because of the nation’s numerous business advantages. Here are a few of the main advantages of obtaining a trade license in Dubai:
1. Boost both domestic and foreign trade
You have a lot of opportunities to manufacture or import goods if you have a general trading license. You have the option of sending your goods to the Dubai market or sending them abroad to earn money from other markets.
A general trade license additionally enables business owners to re-export their products. This could improve your company’s capacity for international trade in goods and services.
2. Boost your credibility
There are numerous companies that look for gaps in laws and rules in order to increase their profits. Customers, however, are more likely to trust businesses that take the time to abide by the law.
Additionally, the license increases the company’s visibility in the markets it serves. This aids in increasing its credibility and winning the loyalty of its clientele.
3. Hassle-free setup
A Dubai trade license can be obtained much more quickly than other business licenses in the UAE. You ought to have no trouble getting your license if you have the necessary paperwork.
The processing time for Dubai trade licenses is also very quick. In just a few weeks, you can typically establish a business in any free zone or on the mainland of Dubai.
Additionally, once you have your license, you are not required to submit auditing reports. You avoid creating a ton of paperwork in the future by doing this.
What is the Cost of a Trade License in Dubai?
You must be aware of the costs involved before rushing to obtain your trade license and start your business in Dubai. This will assist you in planning your licensing process budget and help you stay out of trouble.
Depending on the goods you plan to sell and the approvals you need to obtain, the cost of the trade license is AED 15,000 to AED 50,000. Other elements that may impact how much your trade license will cost are as follows:
- Number of business associates.
- Location of the business.
- Business edifices.
- Type of commercial activity.
How long will it take to have a trade license approved?
The waiting game begins after you’ve submitted your trade license application. Fortunately, the waiting period for a Dubai trade license is not very long.
The typical turnaround time for a trade license is three days to four weeks. The precise turnaround time will depend on the required approvals and the business operations you carry out.
Your turnaround time should be quick as long as you have all the necessary paperwork in place. To ensure that your trade license is issued as soon as possible, double-check your application materials before submitting them.
What benefits are there to getting a trade license in the Emirate of Dubai?
The trade license in Dubai offers a wide range of benefits compared to the other business licenses, even though foreign investors are welcome to apply for any of the available business licenses to start operating their businesses in the nation. The trade license’s main benefit is that it is simpler to obtain and requires less paperwork, which shortens the application process. These are some additional outstanding benefits you receive from it:
- After submitting your application, the trade license in the Emirate of Dubai is typically issued within 5 working days.
- The trade license enables local businesses to engage in profitable domestic and international trading activities.
- Foreign investors who are interested in establishing holding companies in Dubai can apply for a trade license for this purpose as it allows holding companies to be established in the city.
Get Your Trade License With Shuraa
The Department of Economic Development in Dubai is where you go to get a trade license (DED). Shuraa Business Setup is knowledgeable about the business climate in both Dubai and the other Emirates. This is a result of the numerous businesses we have established throughout the UAE. Additionally, we have helped numerous foreigners from different countries settle in the UAE.
Therefore, we have everything you require to start living in the UAE without difficulty. In addition, we will assist you with various aspects of running your business, such as day-to-day operations, in addition to obtaining the trade license for you.
