Although Dubai is the prime location for business owners when you want to establish your company you need to determine many aspects before starting.
First, you have to select a jurisdiction. Dubai has three main jurisdictions which are the Mainland, the Free Zone, and the Offshore. Each one has its benefits, but the Mainland is the preferred one for foreign investors and entrepreneurs.
This is because it offers several advantages, and the main one is the possibility to trade within the entire UAE territory. In case you do not know which jurisdiction may be the best for you, here at Connect Middle East we can guide you so based on your company’s requirements.
Once you have decided on the best jurisdiction, you must decide on a business license. The business license is the document that allows your business to conduct operations legally in the UAE. There are several types of business licenses, but the main ones are the Professional License, the Industrial License, and the commercial license in dubai.
In case you are interested in establishing a commercial company, you need to request a commercial license. Here in Connect Middle East, we offer our trade license dubai so you do not have to worry about anything.
Dubai Mainland is a very popular destination for commercial businesses. Thus, the commercial license in dubai is one of the most requested here. There are many reasons why this particular jurisdiction is chosen among investors, such as the following:
If you are considering the Dubai Mainland as your destination for your commercial establishment we can help you. Here in Connect Middle East, we offer our Dubai Mainland Company Setup Service, so you can start right away.
A Commercial License is a must for any business that is interested in carrying out trading activities. It is mandatory to obtain this valid document before you start operating in the country.
In this regard, with a commercial license in dubai, you can engage in several activities as per the specifications of the license issued. Some of the activities you can carry out are import, export, distribution, storage, and many more. Thus, you can trade in goods and products, as well as sell certain services.
Obtaining a commercial license in dubai can be challenging for foreign investors and companies that are not familiar with the formalities in the UAE. Although obtaining a business license is a very simple process, if you do not have the assistance it can be challenging for you.
For this reason, here in Connect Middle East, we want to help you. You can achieve your expansion goals to Dubai by incorporating a commercial company with our assistance. Our team has local knowledge and expertise to provide a hands-on approach. Moreover, we can assess your current needs to provide a customized solution.
You can obtain your commercial license in dubai easily with our assistance. But first, it is necessary to determine which activities you want to perform and if said activities are permitted under the commercial license in dubai. For this reason, it is crucial to have guidance so you know which business activities you have to select.
Businesses have to know which activities are covered by the commercial license in dubai if they are considering applying for one. If you are considering establishing a company in Dubai Mainland to carry out commercial activities, you have to learn which activities you can perform in this location.
Here in Connect Middle East, we provide guidance on this matter. Our Bess Business Consultancy Services takes care of advising and guiding you. This way you can decide which activity can be the perfect one for your company.
The following is the list of the permissible activities under the commercial license in dubai:
It is important to point out that with the commercial license in dubai you are only allowed to carry out 10 activities. Therefore, you have to select very carefully which products you want to trade. This is because the UAE Authority only allows having a list of 10 trading activities per license.
If you are applying for the license but you have less than 10 operations, you may complete it later with services and products. Here in Connect Middle East we can analyze your current operations and advise which activities you should select. We do this based on your requirements and needs so you can have smooth operations in Dubai.
Getting a commercial license in dubai can be the best decision for your company. This is if you are planning to enter the UAE market. It may enhance your operations and give you the possibility to trade in one of the most solid economies in the world.
However, obtaining this document can be difficult. It does not matter if you are an experienced investor or a young entrepreneur, dealing with legal formalities is always a burden. Nevertheless, if you decide to rely on a trustworthy agency like Connect Middle East, you can enjoy a problem-free incorporation process.
By trusting in us, you can receive the following advantages:
A commercial license in dubai can give you many benefits, such as the following:
Before applying for a Commercial License you have to know the requisites you need to fulfill. Here are some of the conditions you must consider:
Given that a Limited Liability Company (LLC) is the preferred legal structure for business owners, it is worth noting what you need to have to incorporate this type of entity. A Commercial License fits best with an LLC, so for this reason many foreign investors opt for this type of company. However, you are free to select the type of structure for your company that best suits your interests.
In case you are considering incorporating an LLC in Dubai, you have to comply with the following requisites:
As it is most commonly known, to incorporate an LLC in Dubai you must have a local partner. This partner holds 51% of the shares of your company, while you are allowed to hold only 49%. This was applied to all types of commercial activities.
But, as of 1st June 2021, the UAE Authority allows foreign ownership for businesses that are going to engage in commercial activities. But, this is only for a few designated business activities.
So, if you want to choose a particular business activity, but it is not on the list that allows 100% foreign ownership, then you must find an Emirati partner to comply with the law and continue with the incorporation process.
For this reason, we are here to help you. You may have 100% ownership in your Mainland Company with a Commercial License with our assistance. We offer the best prices on the market and total guidance so you do not have to look for a partner for your business.
The process to obtain a commercial license in dubai can be challenging for some business owners. It is important to understand that before applying for the license, there are some considerations you have to take.
If you are seeking guidance, in Connect Middle East we can help you. Our goal is to assist you to incorporate a company and obtain the commercial license for operating legally.
Here we have the steps of the process
Setting up a commercial establishment in Dubai involves analyzing first what are your expectations of the business. Do you want to trade within the UAE? Are you interested in reaching international markets? Or do you just want to have a virtual office in Dubai?
The answer to these questions will allow you to determine which jurisdiction can be best for you.
In Dubai, the two most common options are the Mainland and the Free Zones. If you consider establishing your business in one of the Dubai Free Zones, you have many options, such as JAFZA, Dubai Multi Commodity Center, DAFZA, and others.
Some of the benefits you get in a Free Zone are an easy incorporation process, financial incentives, and ongoing business support. Nevertheless, with a Free Zone Company, you are not allowed to trade within the UAE territory. You can trade within the Free Zone Only.
In the case of a Mainland Company, you are able to trade directly with the UAE market. Moreover, you can even take on government contracts, if there is a chance.
Nevertheless, the jurisdiction that is best for you will depend on the nature of your business. Here in Connect Middle East, we have experts on company formation that can advise you on this matter.
Your business must have a valid trade name. You are going to work under this name so it must identify your operations very well. Keep in mind that the name has to comply with the UAE guidelines. Thus, you cannot include profanities, initials, and anything related to religion.
You have to select among the different types of legal structures available. For example, if you decide to set up a Free Zone Company, you can establish an FZE, an FZCO, or a Branch.
In the case of Mainland Companies, there are many options to choose from. However, the most common one is the LLC. If you are planning to incorporate this type of legal entity keep in mind that you must have a local partner.
Submit the paperwork for obtaining the initial approval for your business. This is important because it allows you to register your company’s trade name. After that, you have to proceed to form a company using this trade name. This means that you will have to draft important documents about your company, such as the Memorandum of Association and others.
The final step will be to apply for the commercial license in dubai. If you are in Dubai, you must submit it to the DED. On the other hand, if you have chosen a Free Zone, you must apply to the relevant Authority.
You have to pay the required fees and submit your application. Please keep in mind that the costs will vary depending on the nature of your business and the number of business activities you want to include.
Moreover, the type of company also affects the final cost of the incorporation. Generally, if you have more business partners, then you will likely pay a higher fee. Similarly, having several activities included in the license can increase the fee.
Once you have submitted your application, the Authority will review the documents and issue the license. Upon receiving your license you can start trading legally in the UAE.
Although the final step of the process is to obtain your commercial license in dubai, there are some things that you have to do after that. For example, you have to request your visa, and apply for the visas for your employees. In this regard, we offer our Visa Services to help you with tedious immigration procedures.
In addition, you have to open a corporate bank account for your business. This way you can handle your company’s finances without any interference. Here in Connect Middle East, we want to offer the best to our customers, so you can enjoy our Banking Services once you request your solution.
A great part of applying for the Commercial License is that you have to collect the necessary documentation. Obtaining a license is a simple process, but the most crucial part is having the right documents to submit.
The following are the documents you need to submit to the Dubai Department of Economic Development to obtain your Commercial License:
In Connect Middle East we understand how challenging can be to comply with legal formalities in the UAE. Particularly those that are related to documentation. For this reason, we offer our PRO Services in Dubai, so you do not have to worry about this.
Obtaining a Commercial License involves making a considerable investment. Not all businesses are prepared to take on expenses like the ones involved in licensing in the UAE.
However, unlike many may believe, incorporating a company and getting a license in Dubai is a cost-effective process. Although it is one of the most popular locations in the Middle East, the fees for obtaining a Commercial License may start from AED 10,000.
Nevertheless, it is worth noting that this is just the fee for the license. The investor has to consider other additional expenses such as external approvals, visas, and more. Thus, adding all of these costs may result in about AED 30,000 for a commercial license.
For this reason, the most reasonable is to partner with an agency like Connect Middle East. If you want to obtain the most out of your business setup, you can choose one of our packages. We can help you get your license, get the approval, and submit your application at the best price on the market. You can get everything you need to start your business anywhere in the UAE.
Getting your commercial license in dubai in Dubai does not have to be a complex process. With the right knowledge and the help of expert business consultants like ours, you can obtain the most out of your investment.
Foreign investors and entrepreneurs that want to start their operations in the UAE may think that obtaining a commercial license is easy. And this is in fact true, but the application process will be straightforward as long as you have completed the application and it is free from errors.
Moreover, you need to have the proper documentation, both for the shareholders and the company. Consequently, this documentation should be notarized, and those that are in English need to be translated to Arabic by an official translator.
As you can see, it is very simple to obtain a license, but only if you have everything ready and well-prepared at the time of submission.
If this can be too overwhelming for you, here in Connect Middle East we can offer our support. You can set up your commercial establishment anywhere in the UAE with our help. We will take care of obtaining the valid legal documents your business needs to operate.