A commercial licence is required in Dubai for any business that engages in commercial operations such as trading in products, commodities, or services. General merchants and specialised traders in Dubai and the rest of the UAE can both utilise this business licence.
To get a commercial licence, the company’s incorporation documents must specify the nature of the business, which must be related to the sphere of commerce. Additionally, it is critical to know that the majority of Dubai processes may be completed with a basic trade licence. To begin, you must pick a trading name, draught the Memorandum and Articles of Incorporation, and then apply to the DED for initial approval. Additionally, a leasing agreement must be presented as proof of the Dubai company’s registered location. Then the application for a commercial licence can be filed.
For these businesses, obtaining a commercial license dubai is a must in order to benefit from regulation and protection. This licence can be obtained by retail businesses, construction firms, real estate firms, transportation organisations, and other types of general trade firms. A commercial licence in Dubai is quite simple to get when compared to other types of company licences.
Included Procedures
Decide on a legal structure for your firm/business.
Make a decision on your business’s activities.
Calculate the following points based on the legal entity:
Capital Contribution of Partners
Distribution of earnings and losses among partners
Utilize one of the following techniques to organise the trade name:
- Registration of a new business name with the Company Register
- Applying an automatically created trade name – comprised of the reserved trade name number.
Add the capital value to the company’s Commercial Registry information; the remaining forms will be completed automatically.
You will be presented with the opportunity to issue an electronic Memorandum of Association (MOA) using the electronic service available; you may pick or disregard this option.
A payment voucher is generated and used to cover the cost.
Required Documents
- A completed application form in English/Arabic, specifying the business’s name.
- Initial leasing agreement for the company’s registered address.
- Articles of Association & Memorandum (MOAA).
- The Dubai Municipality’s construction department has granted permission for the office to be used as a corporate address.
On the basis of these papers, the DED will produce a commercial licence for your firm in Dubai. The licence is valid for one year and may be renewed depending on the nature of your business.
The License’s Types of Activities
The commercial licence in Dubai covers the following types of activities:
- Import and export activities
- Electronics sales
- Purchase and sale of real estate — held entirely by UAE citizens
- Provision of brokerage services
- Logistic Services for the sale of building materials
- Supermarkets