When applying for a commercial license Dubai, the first and most critical stage is to offer a thorough description of the business’s operations. The following step is to retain the services of a local service agent to complete all of the legal documentation required to get a commercial license in Dubai.
Following the appointment, obtain first permission from the DED. Apart from that, you must reserve a business name (for which there is a charge) and then submit all required paperwork to the Department of Economic Development for approval.
- With the assistance of a local interpreter, complete the local service agreement form and get it notarized by a public notary.
- A legal translator seal is not required if the agreement is written in Arabic.
- Make a Memorandum of Association with the sponsor (MOA).
- Discuss the sponsor’s early fee in the agreement.
- If you seek a civil corporation license, you will need to complete an additional registration form to certify it.
- All partners/owners must attend in front of the registrar to sign the court agreement.
- Obtain approval from the local government for the tenancy contract.
- Each form must be accompanied by an attestation (one original copy each)
- Copies of the owner/partners’ passports and a letter of authorization (NOC) for expatriate owner/partners (if applicable) should be forwarded to any DED branch.
- At the counter, make a payment and receive your license; a payment voucher will be provided simultaneously.
Steps involved in obtaining a commercial license in Dubai
Getting a commercial license Dubai is relatively easy if you seek the assistance and direction of an experienced company formation commercial.
Step 1: Is it a free zone, or is it a mainland setup?
One of the most critical decisions to make when starting a business in the UAE is operating in a free zone or on the mainland. Both have several advantages. Free zones such as Fujairah Creative City offer a streamlined establishment procedure, continuous business support, and financial incentives such as tax exemptions and no currency limitations. There are numerous different sorts of free zone licenses. Multiple free zones provide a variety of licenses, including industrial, commercial, electronic trade, and commercial services.
Step 2: Your business’s name
Choosing a company name is a critical step in starting a business in the UAE. There are a few points to consider while making this choice. You must adhere to a rigid yet simple set of naming standards. Once again, an expert in business formation can assist you with this stage.
In brief, you should avoid any language that is insulting or profane. Avoid well-known corporate names and acronyms when naming your business after yourself.
Step 3: Submit your application for a license.
The final stage in the procedure is to apply for a commercial license. If you establish a business on the mainland, you may apply directly to the DED. If you’ve chosen a free zone configuration, you can submit your application straight to the free zone.
In any event, it is essential to retain the services of a company formation specialist at this stage to ensure a quick and trouble-free procedure.
