You can obtain a trade license in Dubai easily if you have previous experience starting businesses in the UAE. However, if you are new, it is suggested you seek help from the experts before diving into the fray alone. If you want to go for it by yourself, you can follow our guide that is divided into ten digestible steps.
Here are ten easy steps you can follow to obtain the trading license in dubai:
1. Select Economic Jurisdiction
The first decision you need to take when starting out in the UAE is to select which economic jurisdiction you want to operate in. The economic jurisdictions in Dubai are the Mainland, Free Zones, and Offshore Company.
2. Select Company Structure
The next step is to decide the company structure. Your company’s legal structure will determine the rules and regulations it is subjected to in the future, so select it carefully.
3. Select Business Activities
The business activities you want to perform here in Dubai will determine the trade license you need to apply for. Select all the business activities you want to perform because you cannot perform any activity you did not select beforehand.
4. Get the Initial Approvals
After you have made these three decisions, it is time to get the initial approval from the Department of Economic Development in Dubai. You need to fill an application form that they will provide.
5. Get an Office Space
You need to get an office space because the tenancy contract and EJARI are needed to get the trade license from the DED. You can opt for a virtual office if you do not have a need for a physical office space.
6. Prepare the MOA
The Memorandum of Association (MOA) is an important piece of document. It is suggested you get help from legal experts when drafting this document.
7. Get the External Approvals
The officials at the Department of Economic Development in Dubai will mention a few external approvals that you need to get from different government bodies and agencies.
8. Submit the Documents to the DED
There are a few important documents that are mandatory from the DED. Here are the documents that you need to submit to the DED:
- Copies of all the shareholders’ passports.
- The initial approval letter from the DED.
- Filled up the DED application form.
- The Memorandum of Association.
- The tenancy contract and EJARI.
These are the common documents, and some more may be required depending on the business activities you choose to perform.
9. Complete the Final Application
After all the previous steps are completed, you need to submit the documents and complete the final application from the Department of Economic Development in Dubai.
10. Pay the Fees
Once all the procedures are completed and the DED accepts your application, you need to pay the fees and receive the trade license you applied for.
If you are looking for help from experts, then you are in the right place. Our team of professionals will look after all your business needs before and after your company formation. Contact us today and hit the ground running.
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