Dubai Trade License Cost in 2024: A Complete Guide
All commercial entities that carry out their activities in the UAE must have their trade license. Before opening your new company in the UAE, it is important to know the Dubai trade license cost. In addition, to start the process of applying for one of the licenses, you must know the different types that exist. Thus, you can choose the one that best suits your business. In this article, you will see all the relevant information about Dubai trade licenses. The first thing will be to define a commercial license so that you can better understand the subject. Then, the different types of licenses so you can choose the ideal one for your company. In addition, we will show you why it is important to have this document and how you can access it. 1. Do you know what is a trade license in Dubai? A business license is a document, which will designate the activities that a company can carry out within the UAE. Therefore, if you want to start a new business in Dubai, it is important to acquire this license. All business licenses are issued by the Department of Economic Development. These general business licenses are valid for different activities in Dubai. Among the valid activities are the export and import of merchandise, as well as the performance of different commercial activities. However, it is important to know the challenges of conducting business in Dubai. Therefore, if you want to purchase this commercial license, keep reading the article to learn more about this very important process. 2. Learn about the different types of business licenses that exist in the UAE In Dubai, you can find different types of trade licenses and you can find more depending on the economic jurisdiction. Despite there being many commercial licenses, below you can see the main licenses in Dubai: 2.1 The commercial trade license This license is for those companies that want to carry out commercial activities involving the purchase and sale of goods. In addition, some of the commercial activities included are product trade, product export, product import, brokerage activities, and rental activities, among others. Even if you want to trade outside of the UAE, your business is located in Dubai; Even so, you will need to have this commercial trade license to be able to operate your business normally. 2.2 The Professional Business License The professional business license is focused on all commercial activities where you are involved in selling your services. These services can be sold to both individuals and other companies. If you have a professional license in mainland Dubai, you will be able to sell your services to the government. In this way, you will be able to accept lucrative contracts from the government. Among the business activities permitted by this license are consulting services and auditing services. In addition, we can find health care services, and digital marketing services, among others. 2.3 The industrial trade license This license is for those companies that want to carry out commercial activities where the manufacture of products within the country is involved. Among the requirements to obtain the industrial trade license is that you must have a physical office space within the country. Among the commercial activities permitted by this industrial trade license are the importation of raw materials and the sale of finished products. In addition, we find the export of finished products, processing of raw materials, and packaging of finished products, among others. 2.4 The tourist business license The tourism license is for those companies that wish to carry out commercial activities where the organization and planning of trips are involved. This is a new business license in the UAE compared to the other licenses available. This license was presented by the government to better regulate the tourism industry in the country. The activities that need this license are the hotel industry, travel agencies, and tour operators, among others. 2.5 Home business license The home business license was produced as a consequence of COVID-19 where the popularity of home offices increased. This type of business is when you start a commercial activity and your home is your center of operations. In this way, you can use your house as your factory. Due to the pandemic, workers in the UAE stayed at home for a long period. However, they managed to find new ways to use their houses as business facilities. 3. Do you know why it is important for your company to have this document? There are many reasons why it is important to obtain a Dubai trade license. The most important thing is that this is a nation that has a culture that can be interesting for foreigners. Below is a list of the main reasons why you should have a business license for your company. 3.1 Helps you boost sales through international and national trade Dubai is a nation that focuses on export and import; which can be inferred by all the free zones that you can find there. This refers to the fact that the authorities are dedicated to guaranteeing that goods and services can freely enter and leave the country. In addition, there are no taxes on imports and exports, with some exceptions. Among them, are assets of strategic importance. 3.2 Evolves the image and improves the credibility of the brand In Dubai, the business scene is very safe in all aspects. As a consequence, your company will have to gain credibility; furthermore, you can easily earn the trust of customers, Indian investors or of other nationalities, and other stakeholders. But, it is important that you know that to obtain this, you must have a commercial license. This is because your company is considered legal after having this document, which increases your credibility. By having access to a business license in Dubai your business becomes part of the market. Which, in turn, provides lucrative networking opportunities. As a consequence, your company is going to have a superior brand. 3.3 Tax
