Many investors are keen to understand the procedures for company licensing procedures in Dubai, in the United Arab Emirates has quickly become one of the world’s premier global business markets, thanks to the numerous advantages it offers to entrepreneurs, additionally, the presence of free zones in Dubai allows investors to operate and establish their companies with ease while enjoying tax exemptions.
However, the first step to embark on your investment journey is to acquire a commercial license that permits the legal conduct of business activities in Dubai.
Company licensing procedures in Dubai: steps and guidelines
In Dubai, there are two authorities responsible for issuing company licenses.
The first authority is the Department of Economic Development, where investors can obtain a commercial license.
However, this process can be time-consuming and require significant effort.
That’s where Tasyeir, a company formation service, comes in, streamlining the company licensing process and helping investors complete it in just three days.
Tasyeir also serves as the primary interface for registering investment companies within Dubai.
As for the second authority, the free zones, they offer various advantages to investors based on the type and nature of their business activities, whether commercial, professional, or industrial.
It’s worth noting that obtaining a commercial license can be achieved through four straightforward steps:
Defining business activity
One of the requirements for establishing a company in Dubai is to specify the business activity when setting up your company to obtain a trade license.
You have a wide range of business activities to choose from, including professional, tourism, industrial, and more.
Notably, you can define your business activity using a list available on the official website of the Department of Economic Development.
Selecting a company location
If you wish to know how to establish a small company in Dubai, you have the option to choose a location that suits you, either within the UAE or in one of the Free Zones. In both cases, there are numerous advantages.
Free Zones offer benefits such as the ability to establish a company quickly, along with tax exemptions.
On the other hand, establishing a company within Dubai’s territories is ideal if you want to directly engage with the market and secure profitable government contracts.
Choosing a company name
Selecting a company name is a crucial step before commencing the company licensing process in Dubai.
It’s essential to choose a name that reflects your company’s activities and complies with the laws in the UAE.
Ensure that you do not choose a name already in use by another company.
Submitting a license application
This step follows the identification of your company’s name, activity, and location.
The investor submits the necessary documents to the Department of Economic Development in the area where the company is located.
These documents are then reviewed by experts, and once approved, the company is established, a trade record is opened, and the required licenses are issued.
Documents for Company licensing procedures in Dubai
We are well aware that the procedures for company licensing in Dubai have become easier and faster than ever before, as part of the government’s commitment to assisting entrepreneurs and investors in developing their businesses without the need for complex procedures.
However, some essential documents must be submitted to obtain a trade license that enables you to conduct your business:
- Application form, including the company name written in both English and Arabic.
- As well as, original lease contract for the company’s registered location.
- Approval from the Municipality’s Building Department for using the location to establish a business in Dubai.
- As well as, a letter confirming the Department of Economic Development’s approval of the company name.
- Proof of payment for the trade license fees.
- As well as, color photos of the applicant.
- Comprehensive business study and a clear business plan.
- Details of the capital specified for investment.
- As well as, a notarized copy of the identity registration form.
You can obtain detailed information by contacting the management team at Tasyeir company that specializes in these matters.
Types of commercial licenses in Dubai
The procedures for establishing a company in Dubai are essential to obtain an official certified document.
With this document, investors can legally commence their economic and commercial activities in Dubai or any other emirate in the UAE.
The types of commercial licenses include:
-
Commercial license:
This license requires the existence of a company formation contract along with a lease agreement for the location.
Investors can obtain this license easily.
-
Instant license:
This license is issued within minutes and is available for certain activities that do not require external approval.
It is available in various legal forms, including Limited Liability Company, Sole Proprietorship, and Civil Business Establishment.
-
Trader license:
This document is obtained to facilitate residents of the emirate in conducting commercial activities from their homes.
How much does a commercial license cost in Dubai?
The cost of obtaining a commercial license in Dubai is determined based on several criteria:
- Visa fees, residency costs, transportation expenses, and trademark registration fees.
- The expenses incurred by the investor when obtaining the necessary documents and dealing with the relevant authorities.
For an accurate assessment of the cost of a commercial license for your company, you can directly contact a company like Tasyeir to get precise information regarding the business licensing cost in Dubai.
Other services by Tasyeir company
Tasyeir company offers additional services, including:
- Extensive experience gained through direct involvement in the investment market, providing valuable guidance on the best investment regions for you.
- Handling all company establishment procedures, dealing with relevant authorities, and providing the necessary legal documents.
- Procuring all required documents, whether it’s a commercial license in Dubai or a trade register.
- Providing legal guidance through experienced consultants to assist you in smoothly establishing your company.
- Resolving any issues and devising effective strategies to tackle any challenges you may encounter.
- Offering communication with a trained customer support team to assist you and answer your inquiries around the clock.
Your last chance with Tasyeir: get a company licensing procedures in Dubai
The procedures for licensing a company in Dubai have become easier with Tasyeir.
They provide investors with legal services and consultations to establish their own company and obtain a business license quickly and at a reasonable cost.
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