How can I get business license in Dubai?

How can I get business license in Dubai?

Dubai company register: Procedure

1. Decide who will be your local partner – “Sponsor”
2. Get a name and activity approval from the Department of Economic Development (DED)
3. Look for business premises and make a tenancy contract.
4. Make a Memorandum of Association (MOA) with the sponsor and submit to DED.

How much does a business license cost in Dubai?

From small and medium enterprises to multinational companies – all types of businesses need to be licensed to operate legally. If you are wondering how much a small business license cost in Dubai, then the quick answer to that is minimum AED 8000 to AED 10000 (approx.).

Do you need a license to start a business in Dubai?

The most prominent licenses for business setup in Dubai are: commercial license, industrial license, and professional license. It takes around one week or more to get the trade license from the time you receive your initial approval. This mainly depends on the business activity and the external documentation.

How do I get a business license in UAE?

You can apply for a business license via the Department of Economic Development website or in person at a DED customer service center. You may also need to get approval from other relevant authorities – this will depend on the nature of your economic activity.

How can I start my own business in Dubai?

The How-To: Forming A Company In Dubai

1. Choose your business activity. The nature of your business can have a bearing on which free zones you can or should set up in.
2. Choose your company name.
3. Finalise all incorporation paperwork.
4. Receive your license notification.
5. Open a bank account.
6. Process your visa.

Can I start my own business while employed in Dubai?

According to the UAE labour laws, an employed person can start his own business while working full-time by obtaining a No Objection certificate from the company where he is currently working. However, it is the employer’s discretion whether to accept or reject the NOC application made by its employee.

How much is a DED license?

DED trader license: It is a sole establishment license that can be obtained by Dubai home-based businesses issued with the trade name. It can be applied through “Invest in Dubai” platform with a fee of AED 1070 (license fees and knowledge and innovation fees) + AED 300 (Dubai Chamber membership fees).

How do I register a LLC in Dubai?

Here are the key steps to company registration in Dubai.

1. Determine the type of legal entity.
2. Choose a trading name.
3. Apply for a business license.
4. Choose an office space.
5. Get pre-approvals, register your business and get your license.

Can I start my own business in Dubai?

Yes, a foreigner can start a business in Dubai, and many do. Dubai actively welcomes investors and business owners from overseas. The emirate is home to many company formation experts and setup agents, created to help guide foreign entrepreneurs through the license, visa, and business incorporation processes.

Can I do online business in UAE?

One of the many benefits of starting an online business is that you do not require office space, neither do you need to be physically present in the UAE to conduct your online business. However, you will need to have a legal address in order to conduct online business in accordance with the UAE rules.

How can I start a small business in UAE?

Here are the key steps to set up a business in a free zone.

1. Determine the type of legal entity.
2. Choose a trade name.
3. Apply for a business licence.
4. Choose an office space.
5. Get pre-approvals, register your business and get your licence.

What is LLC license in UAE?

The standard type of company in the UAE mainland is the Limited Liability Company (LLC). The DED is the government body authorised to issue all licences for LLCs and is responsible for classifying and regulating the types of economic activity that may be undertaken.

How to check business licences in the UAE?

Several channels and platforms can be used to get information about a business licence. These include websites of DEDs in each emirate and National Economic Register. The following links will help you check business activities registered and licences issued in the UAE:

What can you do with home business licence in Dubai?

You can also feature their products and services on online marketplaces such as Souq.com. With this home business licence in Dubai, individuals and single-owner businesses can legally participate in and reach out to customers at exhibitions and conferences. It will also protect your trade name and any other intellectual property.

Can a freelancer get an e trader licence in Dubai?

An E-trader licence is strictly for a single-owner home-based business in Dubai or freelancer. Individuals with this home business licence in Dubai cannot open a physical shop or issue visas.

When does Dubai Development Authority cancel a business license?

When a business becomes non-operational, Dubai Development Authority cancels the License of the Company. In case of FZ-LLCs, the company will undergo a process of ‘De-Registration’ after the cancellation of License.