Dubai is one of the prestigious commercial hubs all over the globe. This business hub attracts overseas traders and entrepreneurs worldwide to set up their business and company. The business set up in Dubai is a process and getting a trade license in Dubai is the most vital part of that procedure. The United Arab Emirates (UAE) Government announced the Instant business license facility in Dubai to enable entrepreneurs in getting a trade license in just one step within five minutes.
The Dubai instant license is essentially an express form of professional or commercial license obtained without the usual approvals and documentation. The key difference between the two is that you are not required to register your trade name when applying for an instant license, produce a Memorandum of Association or take out a tenancy agreement. The instant license Dubai DED application is so simple that it can take as little as five minutes, with the whole procedure completed online. Most overseas traders are seeking forward to company registration in Dubai. Dubai is known as the Middle-East business center because of its simple regulations and lenient taxation policies that grant it extreme ease in doing business.
A trade license is crucial for investors and entrepreneurs for business entities to carry out their trading activities. It is also considered a professional and commercial license. If you wish to initiate your business license in Dubai or any other emirates if United Arab Emirates (UAE), getting a trade license in UAE becomes compulsory, allotted by the Dubai Department of Economic Development (DED). The method of acquiring a UAE mainland trade license is a lengthy process. It can take a longer time-varying on the documentation preparation time, company activities, and particular company and business requirements — however, an instant trade license issued in few minutes.
Documents Needed To Get Instant Trade License In Dubai:
- Residence visa copy Emirates ID
- UAE residence visa copy and Emirates ID of foreign partners
- Local sponsor/partner copy and Emirates ID
- Passport copies of all partners (all partners required to present during the official application process)
- NOC from current partner/sponsor
Dubai Company Register | Steps To Get A Business License Dubai
Getting a trade license in Dubai may take one or three months or even longer time as per the activity and requirement set by the Dubai Economic Department. Entrepreneurs from all over the world are looking for a jurisdiction that provides them with the efficiency to do business. The launch of an Instant trade license from Business Registration and Licensing in the Department of Economic Development Dubai (DED) made it easier and quicker. The Instant business license is a one-step process that does not require the rent contract and Memorandum of Association (MOA) for the first year. Getting an Instant trade license in Dubai is so easy that it can take just five minutes with the overall process completed online.
While an Instant trade license is issued, businesses are legitimately permitted to begin managing business activities immediately with a grace period of twelve-month to operate the business without a commercial space agreement and without receiving the fully notarized legal documents MOA for the company.
Steps To Get General Trading License in Dubai:
- Choose a relevant trade name and legal structure for your business or company
- Determine all the business activities to be comprised of the business license
- Fill and apply for initial approval
- As per the types of your business activity, obtain external approval (if needed)
- Collect all the required documents such as Memorandum of Association (MOA), and all the certified documents from the proper government officials
- Decide on a business location and get a tenancy contract attested by Ejari
- Apply to the Department of Economic Development (DED) to get the final license
- Make the necessary payment for the license, including an issuance fee for receiving the license
