22 August, 2023
Do you want to set up your business in Dubai but don’t know how or where to start? If this is your case, you are at the right place. Obtaining a trade license is one of the first steps that you should follow. This can be done by following the below mentioned steps or by taking help from a business setup consultant. This blog will talk about all the information needed for getting a trade license in the UAE.
Dubai attracts people from all over the world to get their businesses setup here. The place is regarded as the business and investment hub worldwide and can be a good place for those who are just getting started or want to expand their already built business to new places in the world.
A trade license lets you do your business legally in the UAE. It can be obtained for freezone or mainland and allows trade related activities. In the case of a mainland license in Dubai, the DED issues the license while for free zones, it is the respective freezone’s authority. It is essential to follow the rules and regulations associated with the license to ensure that you do your business in a legally secure way.
There are three main types of trade licenses in Dubai. They are:
A trade license is a must for any business wanting to operate in Dubai. Obtaining a trade license has many benefits. Some of the key benefits are:
Obtaining a trade license in Dubai involves a few simple steps. The steps are mentioned below:
The cost of a trade license in Dubai depends on a number or variables. However, the cost ranges from AED 5000 to AED 30000 and can also exceed the same. There are additional costs such as that of the fees for visa, sponsors and office spaces. It is therefore important to do thorough research and plan accordingly. If you wish to know the cost of your needs, you can get help from a business setup consultant. You can also head to the RadiantBiz cost calculator which will help you get the exact cost of your unique business setup so that you can proceed by planning accordingly.
Renewing a trade license in Dubai is a crucial process for any business looking to continue operating legally in the city. The process for renewing a trade license in Dubai can be completed online or in-person at the Department of Economic Development (DED). You need to gather the necessary documents, check for any fees or fines, submit your application, pay the fee and then wait for approval. Once you have the approval, you can get your renewed trade license.
Here are some tips to make the process of obtaining a trade license in Dubai easier and smoother:
RadiantBiz can help you set up your business with years of experience in the industry. Our company formation agents will help you formulate a specialised plan for your business and get you the recognition you deserve. With us, you can focus on the things you love the most while we take care of those where we expertise.
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