How to get Instant Trade License in Dubai UAE

Dubai is one of the most different places in the United Arab Emirates. Dubai has a lot of businesses and business opportunities that bring in foreign business people and investors every year. Dubai has a huge market for foreign investors who want to invest or start a business there. The Department of Economic Development (DED) in Dubai came up with the Instant Trade License after figuring out what the market wanted.

What is an Instant trade License in Dubai?

With the “instant license” programme, you can get a business or professional license in Dubai in as little as 5 minutes. The instant license was made to help the economy of the UAE. It makes it easier and faster for entrepreneurs to get a trade license and start a business in the UAE mainland.

It is a one-step process that doesn’t need the Memorandum of Association (MOA) or the rental contract for the first year. You only send these in when you get your business license renewed.

Benefits of Instant Trade License

Getting a commercial or professional license could take up to two days or more, depending on the type of business you run and the paperwork and approvals you need to do. But with the Dubai instant license, you can get your business license in just a few minutes and with fewer requirements.

Why instant license in Dubai:

• Issued in 5-10 minutes
• Released the same day
• Start doing business right away.
• For the first year, there is no need to register a trade name.
• MOA is not needed during the first year.
• For the first year, you don’t need a rental agreement.
• You can apply online or in person.

Keep reading : How to get Trade License in Dubai quickly

Who can apply for an Instant Trade License in Dubai?

In Dubai, the following types of businesses can apply for an instant license:

• Limited Liability Company
• One Person L.L.C.
• Sole Proprietorship
• Civil Company

External approvals are extra approvals that need to come from other government agencies or agencies that are approved by the government.

Documents Required for an Instant License in Dubai

Depending on how you apply for an instant license, you may or may not need certain documents.

If applying through DED’s e-Services platform:

• No additional documents required
• You need an original ID to sign up and get a UAE Pass ID (for those not having an existing account)

If applying through Service Centres, Happiness Lounges, or Smart Lounge:

• Passport copies of all partners and managers. To apply for the license, all partners or at least one of them must be present at the service centre.
• UAE residence visa copy and foreign partner’s Emirates ID (s)
• UAE visit visa copy of foreign partner(s) [if they don’t have a residence visa]
• NOC from the sponsor of the partner(s) who already have a residence visa. Passport copy and Emirates ID of the local sponsor.

You will be Interested on : General Trading License in Dubai

Cost of Instant License in Dubai

Payment Voucher

You’ll get a single payment voucher that includes the fees for initial approval, reserving the trade name, and giving you the license. The price of the instant license will depend on what your business does. But all types of business activities have to pay a fixed Market Fee. Starting with the second year, the renewal fee will be 2.5% of your commercial space’s rent. Contact Experts at Black Swan to know the cost of Instant Trade License in Dubai UAE.

Sponsorship Fees

Any business on the mainland of the UAE must have a local sponsor. The amount of the sponsorship fee is based on what you and your local sponsor agree on.

Read on : How to Renew Trade license in Dubai

Application Process

Here are the most important steps to take to apply for an instant license on the DED e-Services platform in Dubai:

• Choose the type of legal structure for your business: LLC, LLC-SO, Civil Company, or Sole Establishment.
• Choose the business activity you want to do from the list.
• Choose how your company’s shares will be owned.
• Choose three business names.
• Set your company’s share capital.
• Fill out the forms that you need to.
• Send in the necessary papers.
• There will be a payment voucher made.
• Pay the money.
• Receive the Instant License

When the business license is given to you,

• If your business does business, you can join the Dubai Chamber right away. For an extra fee, you can also get an establishment card from the General Directorate of Residency and Foreigners Affairs (GDRFA).
• Get three work permits from the Ministry of Human Resources and Emiratization for your employees (MoHRE)

If you want to start a business right away in Dubai, call Black Swan Business Setup. For more information, call +971 4 240 6939 or WhatsApp +971 4 240 6939 to talk to our company formation experts. You can also send us a message by filling up the form below.

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Originally posted 2023-03-13 11:23:46.