We open the doors to our official Trade License Dubai guide. Want to know how to get a professional trade licence in Dubai? Good news: you are in the right place at the right time. So read on!
Foreign and local traders will find Dubai to be a great place to start a business. However, you need a trade licence in Dubai to open a business. So, what are the most basic and important items needed?
You can run a business in the State of Dubai with this trade licence. That being said, you can’t do anything without it, on the other hand. There are some issues with registering trade licences in Dubai because the whole application process is not well known. The Dubai Economic Department (DED) controls and keeps an eye on the licensing process for all businesses in the city. For the deal to go smoothly, you need to know everything about the process.
How to Get Trade License in Dubai
The Department of Economic Development (DED Dubai) is in charge of giving business rights to companies from the country in Dubai. The emirate’s business plans are controlled by this body. DED does more than just give out licences. It also comes up with effective policies and plans to help Dubai grow in a way that is viable. If, on the other hand, a business is being set up in a free zone, the business licence will be given by the free zone authority.
As it were, one typically needs to follow a series of steps in this case in order to be successful. So follow us along as we discuss them.
Step 1: Get the Needed Permissions
The government department in charge of the emirate of Dubai’s economic plans is called the Department of Economic Development. Through smart plans and policies, they want to improve and speed up Dubai’s economy’s long-term growth.
The law in the UAE says that businesses need to get permission from the right groups in order to get the licence they need for their specific business activity. Businesses in the emirate need one of three types of licences depending on the type of work they do. So, select the right one when applying.
Step 2: Select the Business Line of Activity
Choose a business action you want to carry out in Dubai or any other city. Find out if the business activity is possible and if you can do the type of business activity you want to do in the area.
Step 3: Pick the Local Sponsor
A lot of people want to open a business in Dubai. But a lot of work has to be done before any benefits can be seen. You might also want to learn how to start a business in Dubai. Business setup experts in Dubai can help you get your business off the ground if you’re not sure about your business plan. Find and choose a business partner in your area. Also, figure out what kind of help you need from area sponsors. This is actually highly crucial and widely overlooked. Make sure not to skip this part of the process.
Step 4: Pick a Legal Structure or Form
What kind of business do you have in Dubai or the UAE? Each type has a formal form or organisation. The Dubai Economic Department calls for this formal framework, and the company must follow it.
Step 5: Reserve Name and Apply for Approval
You should choose a group for your business that will serve as its character. You need to get permission from the Dubai business department to hold a trade name.
After you get your first set of paperwork, the person should ask for initial permission from the Dubai Economic Department. This gives you a chance to start your own business in Dubai.
Step 6: Get the Needed External Approvals
The Dubai Municipality, offices, and other legal bodies may need to give permission to some businesses. Getting outside approval is very important, and a business agent must sign off on it before the company can get a licence.
Step 7: Get Ejari for Your Office
You need to have a place for your business to be, so find an office space and make a lease agreement. A physical office space is highly important for any trade.
Ejari, which means “rent,” is a project backed by RERA that aims to control the leasing and rental business in the emirate. Setting up a business shows that they are willing to work with DED to get their business licence.
Step 8: Submit Needed Documents
For a business licence, you need to send all the important papers to DED along with the formal documents they need. Here is some of the paperwork that you need to give to DED’s Trade License and Commercial Registration Department.
- Application form filled out and signed by the company’s lawyer.
- Original and a copy of the legal papers for the business
- A letter from DED approving the company name
- Letter from the DED accepting the setting up of the business Tenancy agreement
- Full information about shareholders and pictures of their passports
Step 9: Make the Needed Payments
Before the trade license Dubai online check step, you have to pay all fees at this point that are needed of you. After you send in all the necessary paperwork and pay the fees, you will get your business licence a week later. The trade license Dubai fees are listed below in detail, so do not worry. Though, for now, let us see how to check the licence.
Step 10: Dubai Trade License Check
You can easily verify your business licence online. You can do this through the e-services page on the official DED site. Thus, Dubai trade license verification has never been more easy or convenient!
Dubai Trade License Cost
The fee for a general trading license in Dubai is on average AED 12,000. For some activities, there are extra fees of AED 150 to AED 500. You need to think about other costs too, like exercise class guide fees, licence translations, and replacements. Moreover, when you pay the added costs and fees, the total reaches an average of AED 21,000. See these additional fees below:
- Foreign Trade Fees: AED 2,000
- Corporate Pro Services Fees: AED 6,000
Trade License Dubai Types
Dubai is a top choice for most businesses, from big global companies to small local shops. Setting up shop in Dubai not only helps businesses build a strong footprint in the UAE, but it can also be a good way to get started in other markets in the MENA region. However, businesses need to apply for business rights in the emirate before they can start doing business there. The Dubai Chamber of Commerce and Industry for the DED comes in here. Is the governing body in Dubai that keeps an eye on the licensing process for businesses. So, see the different types below:
Commercial Trade Licences
Businesses that undertake both trading and sourcing need to get commercial licences. With this permission, companies based in the UAE can do business both inside and outside the UAE. Companies in Dubai that work with real estate, healthcare, transportation, printing, media, oil and gas, spare parts, gold and valuable metals, chemicals, cars, safety equipment, and more need commercial business licences.
For some types of business (like jewellery and insurance), you need to show proof of funds from a bank that does business in the UAE. In general, all companies in the UAE must be registered with the Chamber of Commerce and Industry in their designated Emirate.
Professional Trade Licences
A professional trade licence is needed to start doing business in Dubai for any person or company that wants to make money by using people’s brain abilities. A business is listed as a Civil Works Company if it is owned by more than one person. In Dubai, most businesses that deal with insurance, consulting, IT and IT infrastructure, computers, environmental activities, taxes, management, or marketing need a professional licence.
Industrial Trade licence
Manufacturing companies need to have industrial business licences in order to run. For companies to apply for this licence, they need to have a real office in the UAE. In Dubai, companies that make a lot of things, like dairy products, animal and bird food, meat products, rugs and other similar things, usually need to get an industrial business licence.
RERA Dubai Trade License
People in Dubai can work as real estate agents if they have a real estate licence. It is issued by the Dubai Land Department (DLD) and is overseen by the Real Estate Regulatory Agency (RERA).
Land is one of the most valuable and profitable items on the market right now. To acquire this licence, you must follow a number of steps, as it were. Once you have lived in the UAE for a while, you must pass the Real Estate Brokerage Exam in order to get a Broker’s Licence. To get your Broker’s Licence, you will need to get your BRN, which stands for Broker’s Registration Number. People who are looking for a real estate agent can use your BRN to find you on the DLD list of sellers! People who know you as an agent can see this Dubai real estate licence number. This is what you need to sell houses on the resale market. Real estate brokers who sell homes before they are built or rent out homes do not need this permission.
Other Types of Trade Licences
In addition to the above, there are a few more types to consider. So if one of the items below matches your trade description, you should apply for it.
- Agricultural Trade Licence
- Craftsmanship Trade Licence
- Tourism Trade Licence
FAQs
A General Trading Licence and a Commercial Trade Licence are different in Dubai. A Commercial Trade Licence is more specialised and only covers a few types of goods. A trade licence is quite general and encompasses several categories.
Yes, you can become a real estate broker without a degree. However, you do need to pass the Real Estate Regulatory Agency (RERA) test and finish a four-day course called Certified Training for Real Estate Brokers.
The Department of Economic Development (DED) says that every business in Dubai needs to update its trade licence every year. In order to escape fines, the renewing process must be finished before the current trade licence expires.
Yes, you can through DED e-services.
That’s all there is to our Trade Licence Dubai guide. We hope it was as helpful to you as we thought it would be. Here is a quick look at our final thoughts. Anyone who wants to work in the business scene in Dubai needs to get a Trade Licence. It would be best if you also kept up with the renewal process and any changes to the rules. This will help you stay in line and keep doing well in the market. If you follow the tips in this detailed guide, it will be easy for you to get started in Dubai’s industry market. Make sure you are getting the licence from authentic sources. This includes the ones listed above. On the other hand, some types of businesses need permission from certain governments and other officials in order to get a trade licence in Dubai. That is banks and other financial companies that work with the Central Bank of the UAE. Insurance companies and government departments that work with them from the Ministry of Economy and Commerce. Manufacturing from the Ministry of Business and Finance. And medicines and hospital supplies from the Ministry of Health. Businesses that work in oil or gas production and similar fields have to follow more thorough steps. Remember that you should work hard, keep learning, and follow the rules if you want to do well in this tough field. You can find out more about it at Property Finder. You might want to read about Al Satwa Dubai.
