Last Updated on March 13, 2023 by Hassan Abbas
Getting a business license is possibly the most vital part of starting up an import/export business in Dubai. The most commonly used form of export license is the business license, which refers to all the legal activities that are carried out over the UAE and its properties. Once you get this license, you can start up any import or export business in Dubai, even if it involves the processing, packing or shipping of items. This is absolutely legal, and no business can ever be prosecuted under the law for any legal action taken in the country. There are other types of licenses available, too, but they fall under different categories and there is lots of field technician job description also used there for growing business or companies.
A General Trade License allows people to engage in various types of commercial activities, such as import and export. A Foreign Trade License, on the other hand, lets people trade between countries. A Trade Representative’s License is also required for international trading activities. These licenses are granted by the Dubai Trade Relations Office and are required to be renewed on a yearly basis. The requirements are quite detailed and can take up to two years to be completed.
In order to obtain a dubai trade license, you need to follow certain procedures. When you apply for a business permit, the first thing that the officials will do is check the kind of your business. This may include checking if your products or services require any kind of special equipment or processing. If this is the case, you might have to pay a few extra dollars for this, but at least you will get a chance to prove that your merchandise does not require any extra processing or facilities to enjoy the benefits of your business.
Another important detail that you need to provide when applying for a trade license in Dubai is company formation. To obtain a business license for trading, you will have to form an entirely new company, which is separate from your company registration. You can obtain a company formation certificate after submitting all the necessary documents and fees. Company formation is required in all the emirates except for UAE, where a nominee will be responsible for the task.
After company formation, you have to go through a couple of complicated procedures in order to become qualified for trading. When applying for a trade license in Dubai, you have to submit proof of funds and assets to the government, including bank statements, and pay an annual fee. Foreign investors who hold more than 10% of the shares of the company are required to submit a proof of income statement, and the remaining shareholders must also submit their proof of ownership. In order to obtain a foreign investor visa, you will have to submit these documents as well as other relevant documents pertaining to the nature of your business.
Once you are sure that your business has all the required documents in place, you can apply for a commercial registration. Before applying, you have to ensure that you have all the necessary documents required to process your application. These include: original copy of your passport, evidence of residence, proof of ownership (original and copy) of property, and relevant documents related to trading. Following these documents, you can visit the emirate’s commercial registration department and apply for a trade license.
After obtaining a commercial trade license in Dubai, you can start trading. The Dubai government requires all companies to open an office in the city in order to transact business. If you wish to open an office without obtaining a commercial license, you can talk to the chamber of commerce in your area and they will help you find a suitable business location. If you are not eligible for a commercial license, you can still trade legally by owning or employing a non-domestic contractor, provided that the contractor has received the required training.
By owning a company registration with the Dubai authorities, you have to comply with all business licensing procedures. All company registration in Dubai requires you to submit a business plan which is reviewed by the Dubai Civil Aviation Authority. The next step after the company registration is obtaining a Trade License. To get a Trade License, you have to follow all licensing procedures as mentioned above. This will allow you to trade freely in the United Arab Emirates, while also enjoying maximum trade opportunities.
Read More: How To Get an Instant Business license In Dubai?