Excellent setup will apply for the registration of your Trade Name in the related Department of Economics for the related emirates. The booking will take one day, and it is validated for six months even if you are prepared to start the process of establishing your company.
Under the single license, you are allowed to manage 10 activities. However, you have to ensure that you engage yourself in the activities that have been labeled in the DED standards.
When you are providing the professional services, you will require the local agent. The Local partner has no interaction with your company or organization, he is only the ambassador of your company who will sign the local agent contract and there is no financial involvement. On the other hand, the legal partner is required for the commercial activities. He has a share in your organization because he will sign the memorandum and will be responsible for the activities of your organization. Read more
If you are planning to start a mainland company that you will have to use a UAE national as your local agent or local sponsor. Click here to know all the information.
The Department of the Economic Development is responsible to issue the trade license of all the three categories. It will depend on the type of your business and the activities that you will be performing. To get the Dubai license for your business you have to ensure that you submit the required and legal documents.
In order to get the trade license you have to submit the following information: Enlist the category of your business Enlist the type of activities that you will be performing Enlist all the activities that fall under your business license and you might consider use them Ensure that there are only 10 activities listed The nationalities and number of business owners must be included with the legal undertakings The conditions and requirements that falls under the license must be included Trade Name of the business should be mentioned For the initial approval you will have to submit the application to the department Once you have the approval register your Trade Name immediately Rent the business premises The conditional documents to your business must be prepared. It includes certification from authorities, memorandum of association.
If you want the renewal of your commercial license, you will have to submit the DED registered certificate with the approval that you had from the Ministry of Economy and National Media Company. In order to renew the trade license you will have to submit the valid EJARI certificate and your lease contracts.
There are three different types of license that you will need according to your business activities: A commercial license will be required if you are engaged in the trading business Professional license if you will be providing the professional services If you have a manufacturing or industrial business then you must apply for the industrial license
There are different types of business setup categories in UAE. They differ by the terms and conditions, the amount of capital you will have to invest, a number of shareholders required and the incorporation procedure. The seven categories are: General partnership company Share partnership company Limited liability company Joint venture company Private shareholding company Public shareholding company Partnership-en-commendams
The UAE is perfectly located between the biggest markets of the world including Europe, Africa and Asia. It is the perfect destination for entrepreneurs to invest in many kinds of business. The export and import services are exceptional and you will not have to worry about any taxes. The other advantages of working in UAE free zones or mainland include no capital restriction for the majority of activities. There is a perfect financial freedom which allows you to bring the employees from foreign states. There are many business opportunities to setup a free zone company that might be difficut to find in other countries of the world.