If you are interested in starting a business, then Dubai might just be the perfect destination to set up. This is because in the past two decades, Dubai has asserted itself as one of the world’s leading trade and business destinations.
Today, it is the leading business and tourist region in the Arabian Gulf. This feat was achieved through the local government’s unprecedented efforts to introduce investor friendly laws, a stable political atmosphere and infrastructure that is years ahead of any competitors. Add the factor of the consistent work being done towards the development of technology and it is clear to see that starting your company here could lead to many potential opportunities.
That said, here is everything you need to know about what a business license in dubai is and how to get it.
Business Trade License in Dubai – What is it?
The Dubai Business trade license is a necessary document that you must obtain, and which will give you permission to legally work in the United Arab Emirates. It is considered a prerequisite that you must fulfill, and the Department of Economic Development (DED) monitors the entire procedure to ensure that it is implemented. Once you have received your trade license, you will be able to carry out the following activities:
Activities you can do After Getting Trade License
- Import and export products to/from different countries
- Take part in various commercial related activities and projects
- Promote your services and products to a wider audience
- Be eligible to run different businesses (according to the license you have)
Documents Submitted to Get Business Trading License in Dubai
The Department of Economic Development (DED) will ask for a number of documents throughout the license application process. Here are some of the documentation that you will be asked to present:
- A letter signed by the DED that approves the name of the company and activity that they wish to carry out
- Completed application form that has been attested and signed by the company’s legal representative(s).
- Tenancy contract from office space
- Passport copies of all company shareholders
- Memorandum of Association with your local sponsor
Read More: https://www.companysetup.ae/how-to-get-business-trade-license-in-dubai/
