What is the Procedure to get Trade License in Dubai?

If you have prior experience starting enterprises in the UAE, you may easily obtain a trade license in Dubai. However, if you are new, it is recommended that you get assistance from specialists before entering into the fray alone. If you wish to try it alone, you can follow our guidance, which is separated into ten easily digestible parts.

Here are ten simple steps to obtaining a trade license in Dubai:

1. Identify Economic Jurisdiction

When beginning out in the UAE, the first decision you must make is which economic jurisdiction you want to function in. Dubai has three economic jurisdictions: the Mainland, Free Zones, and Offshore Company.

2. Identify the Company Structure

The following stage is to determine the company structure. The legal structure of your firm will establish the rules and restrictions it is subject to in the future, so choose wisely.

3. Choose Business Activities

The trade license you need to apply for will be determined by the business activity you wish to conduct in Dubai. Select all of the business activities you wish to carry out since you cannot carry out any activity that you have not previously selected.

4. Obtain Initial Approvals

After you’ve made these three selections, it’s necessary to seek preliminary clearance from Dubai’s Department of Economic Development. You must complete an application form provided by them.

5. Acquire an Office Space

You must obtain an office space because the rental contract and EJARI are required in order to obtain a trading license from the DED. If you do not require a physical office location, you might choose a virtual office.

6. Make the MOA

The Memorandum of Association (MOA) is a crucial document. It is recommended that you seek legal counsel when creating this document.

7. Obtain External Approvals

The staff at Dubai’s Department of Economic Development will specify a few external approvals that you must obtain from various government entities and agencies.

8. Present the documents to the DED.

• There are a few crucial documents required by the DED. The following
  documentation must be submitted to the DED:
  • Photocopies of all shareholders’ passport
  • The DED’s initial permission letter
  • Completed DED application form
• The Memorandum of Association
• The tenancy contract and EJARI

These are the most usual paperwork, although others may be necessary depending on the type of business you choose to conduct.

 9.Finish the Final Application

After you have finished all of the preceding procedures, you must submit the paperwork and finish the final application from the Department of Economic Development in Dubai.

10. Pay Your Fees

After you have completed all of the requirements and the DED has accepted your application, you must pay the costs and obtain the trade license you applied for. You’ve come to the right place if you’re seeking experienced assistance. Our skilled team will handle all of your business needs both before and after the formation of your firm. Contact us right away to get started.

Originally posted 2022-08-22 09:10:27.