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Foreign investors establishing businesses in Dubai have to adhere to a number of measures before beginning any specific industrial activity. Furthermore, there are some specifications that must be accomplished before submitting all valid documents with the Companies Register for company incorporation in Dubai
To be able to submit an application for a business license in Dubai, investors must meet specific requirements and pursue a few steps. The initial step will be to select the principal kind of activity the business will carry out and the next activities that can be optimum 10 per 1 industrial license.
The investor has to choose the form of business to be registered in Dubai, as one can select among different types of businesses. To be able to obtain the Dubai trade license, the business has to be registered with the Companies Register. After this stage, the paperwork to be provided with the Department of Economic Development in Dubai and with the UAE Federal Ministry of Economy for the commercial license to be issued are:
Bаѕеd оn thеѕе dосumеntѕ, thе Dераrtmеnt оf Eсоnоmіс Development will release thе commercial lісеnѕе fоr thе Dubаі Cоmраnу.
According to the Commercial Law, the following activities can be performed depending on a commercial license:
The commercial license is also needed while opening automobile vehicle leasing businesses as well as logistics businesses.
The Dubai industrial license should also be attained by tourism corporations functioning in the emirate as well as by offices of overseas companies. Businesses offering medical aid additionally are categorized in the range of the industrial license in Dubai.
It should be known that a Dubai business can have a total of ten activities on the trading license. Additionally, it is feasible for a business with fewer than ten activities to finalize the list of services or products after the license has been granted.
Our Dubai company formation experts can help with the application of the trading license as part of the registration process of the company. We additionally point out foreign investors that on mainland Dubai any nearby partner is required in order to establish a business. This requirement is not obligatory in Dubai free zones in which full foreign possession is authorized.
A Dubai industrial license possesses one-year authenticity from the date it had been released, additionally, it may be renewed. An updated trade license in Dubai has four-year validity. To be able to sign up for the renewal of a Dubai trade license, the following documents must be provided: