Before commencing any industrial activity, foreign investors wishing to open a company in Dubai must comply with various regulations. Additionally, some requirements must be met before submitting all of the required paperwork to the Dubai Companies Register for incorporation in order to avoid delays.
What are the requirements for obtaining a Commercial licence in Dubai?
Investors who wish to apply for a business licence in Dubai must first fulfil specific criteria and take a few stages in the process. Choosing the primary type of business activity and the following 10 activities that may be optimally carried out per industrial licence will be the first stage. In order to register a firm in Dubai, the investor must pick from one of several business models. The firm must be registered with the Companies Register to receive a Dubai trading licence. To get a commercial license in Dubai, you must submit the following documentation to the Department of Economic Development and the Federal Ministry of Economy of the UAE:
Dubai Municipality's Building Department's permit approving the use of the office space as the company's mailing address
Verification of payment of the fee for the issue of a trading licence is required.
The name of the firm will appear on the application form in both English and Arabic.
The initial leasing agreement for the registered address of the firm,
The Department of Economic Development will issue a commercial license for Dubai Company based on these documents.
Dubai's business permits
Businesses in Dubai must get a licence from the Department of Economic Development before they may operate. The sorts of licences available depending on the activity that the firm plans to undertake:
There are three types of business licences available:
- A commercial licence for businesses that engage in trade.
- A professional right for companies that offer services.
- An industrial licence for businesses that manufacture or conduct industrial operations.
Each company licence can have a maximum of 10 distinct business activities.
Dubai's commercial licence has been renewed for another year. Industrial licences issued in Dubai are valid for one year from issuance and can be renewed. The validity of a Dubai updated trade licence is four years. To renew a Dubai trade licence, you'll need to present the following documents: The original trade licence, or a copy of it.
A copy of the office space leasing agreement, approval from the proper authorities where necessary, and information on employee lodging for companies with an overseas shareholder are all needed.
