There are quite a few requirements in the Company Law that foreign investors who hold an interest in establishing a business in Dubai need to pay attention to. Without giving due consideration to these requirements, there is no way you will be able to establish your business. Apart from that, they should also consider the business license required for them to be able to operate their business. Choosing the license that is right for you and fulfills the requirements of your business model is extremely important. The different licenses available for foreign investors are inclusive of:
- Industrial license
- Professional license
- Trade license or commercial license
A trade license is what you need
One of the most important steps to take to establish your business is to get a trade license in Dubai. The most commonly issued business permit in UAE is the trade license. Also known as the commercial license, it is meant to designate the extent of activities that a business can perform all through the UAE. For the record, this license is going to be issued by Dubai’s Department of Economic Development (DED).
If you are interested in obtaining a trade license for your company in Dubai, it is necessary for you to initially decide a trade name for your business. Next, you need to prepare a Memorandum and file it with the DED for approval purposes along with the Articles of Association and file it with the DED for initial approval. To prove the registered address of your business, it is also necessary for you to have a rental agreement with you.
Documents required to acquire a trade license
As per the experts at Crosslink.ae, companies need to submit a few documents to the Trade License and Commercial Registration departments. This is basically meant to help them acquire a trade license. A few of these documents include:
- Original and copies of statutory company documents
- Tenancy agreement
- Details of all shareholders
- DED letter with company name approval
- Letter issued by the DED with attestation of approval for setting up the business
- Standard application form that is duly filled out and signed by the legal representatives of the company
As long as your documents are in place, properly attested and duly filled out, there is no reason why you should face any problem as such in acquiring a trade license in Dubai. Once you acquire your trade license, getting started with the operations of your business within the Emirates should not be a problem at all for you.