It is important to get an acceptable license to open a company in mainland Dubai. Based on the form of the company, trade licenses in Dubai/UAE are listed. As well as the key prerequisite for starting a business in Dubai is a legitimate license. A professional license in UAE is given to a business or company engaged in some kind of commercial trade operation. Both general and specialist dealers/owners may use commercial licenses and practice in the area.
If you want to set up a company in Dubai and the rest of the UAE, a commercial license is a prerequisite. The local government has always been welcoming and focuses on helping to grow the area as a destination for the industry. The process of obtaining a commercial license is easy and inexpensive in Dubai.
Choosing a Business Activity
The first step throughout the professional licensing process is to define the type of operation that determines alternatives for the legal form and the involved parties with this kind of behavior. The DED Dubai website lists more than 2,100 business activities, which fall into various groups and classes: manufacturing, industrial, technical, and tourism operations.
Selecting a Legal Form
A ‘legal form’ is a summary of the type of company that is being formed in Dubai, and there is no need to fill in the legal method. When selecting the legal form, business type, business practices, and the citizenship of the owner should really be addressed.
Application for Initial Approval Certificate
Businesses are supposed to implement for an Initial Approval Certificate, which is an official assurance from the DED that the individual does not object to starting a business mostly on the mainland of Dubai. The trading license in Dubai Is valid for 6 months and could be extended by paying approximately AED 120.
Memorandum and LSA Agreement (If Applicable)
Business owners and associates may also need to draft and sign a Memorandum of Association (MOA), depending upon the specific structure of the corporation. The stakeholders need to sign a Local Service Agent (LSA) / Corporate Offers application with such a UAE national for a professional license, who will oversee the licensing and enforcement organization.
Owners of businesses have to verify if their operation falls within the categories specified by the DED that receive government authorization. Business operations and the list of external permits are periodically maintained by DED’s Business Registration and Licensing Field.
For business organizations in Dubai, the Department of Economic Development is responsible for approving business and technology licenses. You may have a great deal of uncertainty about the cost of a professional license in Dubai, issuance, formalities, and everything.