What Is a Commercial License
A commercial license is a mandatory requirement for starting any commercial activity in the UAE. An Emirati sponsor was necessary for business set-up and company formation in the country earlier. The visionary regime has amended regulations in the last year. Therefore, ex-pat investors and entrepreneurs can start a company or business in the UAE with 100% of their investment.
A commercial license in Dubai or any other emirate of your choice will allow you to enter the trading and commercial activities. Businesses are free to export, import, or enter the local market after obtaining the requisite commercial license. Undoubtedly, commercial license in Dubai has been the most sought-after one, compared to other emirates in the country. The Department of Economic Development (DED) in Dubai is the authority for scrutinizing the documents and issuing the license.
Activities Authorized Under Commercial License in Dubai
The DED in Dubai is the final word regarding approval and authorizing the activities. The commercial license in Dubai would indicate the business operations authorized by the firm. The business setting up process would entail approvals and generating the requisite certificates. Reaching out to a professional business set up services in Dubai is imperative, to comply with the procedure without any hassles.
The activities authorized under commercial license in Dubai include:
- Import and export of permitted items
- General stores and trading
- Automobile showrooms and trading
- Handyman service firms
- General warehousing
- Trading of shoes, bags and other items
- Cold storage
- Rental services
- Advertising frim
- Beauty and baby care trading
- Flower and plant nursery
- Surveillance system trading
You are not permitted to perform activities that are not mentioned in your commercial license in Dubai.
How to Go for a Commercial License in Dubai?
The DED has established a straightforward procedure for a commercial license in Dubai. You can go ahead with it if you are aware of the exact process. The approvals and additional certification requirements would differ depending on the business. A lack of idea about those may land you in confusion, which may cause the rejection of the license application.
It is definitely cost-effective and comfortable to get assistance from professional business setup services in Dubai. Besides undertaking all the processes on your behalf of you, the professional team would offer exclusive guidance and support. Thereby, renting the office space at the right location, finding the commercial space depending on the budget and business objective, and establishing the showroom at an ideal spot would become easy.
We request you to reach out to us for formalities for a commercial license in Dubai and for company setup in Dubai. Our skilled and experienced professionals would offer you comprehensive services. We are at your service always.
Documents Required for Commercial License in Dubai
The documents required for the commercial license process in Dubai include:
- A duly filled application form (the company name should be in both English and Arabic)
- Copy of the passport of the business owner (s)
- Colour passport-size photographs
- Registered Ejari
- Proof of payment for trade license
- A comprehensive business plan
Procedure for Commercial License in Dubai
The commercial license application process can be simple if you are aware of the subtle elements and aspects related to it. The procedure for a commercial license in Dubai is elaborated here.
- Determine the Jurisdiction
You can start the business in Dubai Mainland or any of the free zones. Both have pros and cons. Therefore, the decision regarding the jurisdiction would primarily depend on your business objective and plans. A capable business setup service can guide you in decision-making accordingly. As a newbie in the business arena of Dubai, it would be too intricate for you to decide the right jurisdiction.
The commercial license application procedure in Dubai would differ depending on the jurisdiction chosen. The DED is the authority for issuing a commercial license in Dubai Mainland. In the case of any of the free zone, the relevant free zone authority will have to be approached as per the procedure. You will have to get initial approval for starting a business or company formation from the DED or the free zone authority.
- Finalize the Business Name
Naming the business is another important thing. All the correspondence would be in the trading name. Hence, it has to be registered with the DED. Unlike most other countries, naming regulations exist in the UAE. You are not supposed to use politically or religiously inclined names. Blasphemous names are a strict no. You are allowed to use your name as the business or trading name. However, only an expanded version is allowed, without abbreviations. The business name that does not meet the laid down criteria would be rejected.
- Apply for a Commercial License in Dubai
Once you have concluded the previous steps, you may prepare all the requisite documents for the commercial license. The commercial license application can be forwarded along with all those documents to the DED or the free zone authority. The authority will issue a commercial license within a few days if all the documents are correct and there are no anomalies in the application. You can start full-fledged business activities once you receive the commercial license.
Benefits of Commercial License in Dubai
Undoubtedly, a commercial license in Dubai is one of the most preferable business options. A large market, full of opportunities. That is what Dubai is. You can reap a fortune if you invest in the correct field and work towards the objective with a focused approach. We are at your side always, ready to help you with optimal business setup services in Dubai. Furthermore, the Dubai authorities offer extensive help to investors and entrepreneurs.
Some of the benefits of a commercial license in Dubai are:
- Supportive political regime and authority are the first and foremost benefits of a commercial license in Dubai. The leadership understands the role of entrepreneurs in the economic progress of the country. They extend wholehearted support consistently.
- Cost-effective business set-up process in Dubai would aid you in starting a business or forming a company at minimal costs.
- Enter a large market that has abundant options for business growth. The growth prospects for a company in Dubai are phenomenal.
- Export, import, or trade domestically with a commercial license in Dubai. You may not find this flexibility in many other regions.
- A large populace with high per capita income elevates the possibility of business more.
Why Kiltons Business Setup Services?
Kiltons is proud to be the strong support behind the growth of several successful in entrepreneurs in Dubai and other emirates. We have been giving committed support to entrepreneurs for company formation since 1999. Growing winning the hearts of ex-pat and resident business persons, we have become the leading professionals in the business setup arena in the country.
We assure you of the best support for a commercial license in Dubai. For discussing the business setup in Dubai, company formation in Dubai, and other related aspects, do give us a call right away.
Dial now at 971 522 407 111+ and get expert advice.