Commercial License In
Dubai, UAE
Business Licenses
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To do business in UAE and to comply with the government regulations, you may require a variety of licenses for different business activities. At Booming Bytes, we can assist you in finding which licensing requirements may apply to your business. If you are into commercial trading and looking to start a trading company, you should require a commercial license in Dubai. It allows you to import and export goods/commodities to and from the UAE and also it permits you to trade within UAE.
Thus, a business with a commercial license may involve General trading, importing, and re-exporting goods and services. A trading company can be formed as an LLC company based on the number of shareholders.
100% Foreign Ownership For Commercial Companies
According to the new Commercial Companies Law in Dubai, which came into effect on June 1, 2021, Dubai Economic Department allows 100% ownership to foreign investors to start a company in Dubai mainland without a local sponsor. But please note that some commercial activities still require a local sponsor as a local service agent for all the paperwork and documentation for obtaining the license. And this local service agent will not involve in your business management, and he will not be a shareholder of your company.
Booming Bytes Business consultancy streamlines the process of acquiring a commercial trade license in Dubai. It takes care of the entire legal side of the business setup process. We ensure that your business is legally legitimate and will not face any issues regarding your company formation in Dubai.
Business Activities Involved in UAE Commercial License
- Import and export
- Tourism and Travel
- Logistics
- Brokerage
- Electronics, construction, furniture, shops, and stores related to product sales
- Real Estate
- Automobiles
- Medical Equipment trading
- Readymade Garments
Benefits of Commercial Trade License in Dubai
- 100 percent foreign ownership in Dubai or Sharjah mainland without a local sponsor(except for some business activities)
- Can trade more than one product under one license.
- Can add ten activities in one license without any extra cost.
- It allows you to carry out trading (import and export) anywhere in the UAE.
- Can renew the license at an affordable cost.
- Can open a corporate bank account for your trading company
Procedures to Obtain a Commercial License in Dubai
- Choose the legal entity of your company
- Select your business activity
- According to the legal entity add the partners and determine each partner’s share. Also, give out the profits and losses equally between the partners.
- Trade name reservation through Companies Register or by using an automatically generated trade name with a reservation number.
- Issuance of Memorandum of Association (MOA) within the available electronic service
- A payment voucher shall be issued
- Make the payment and get the license
If a non-UAE individual wants to acquire a Commercial brokerage license in Dubai, certain pre-requisites must be met. The individual, firstly, needs to complete a state-approved course in estate qualification. They also need to have a degree in Accounting, Finance, or Economics. Finally, they also need a minimum of three years of experience in the field.
Contact with us for
Any Advice
Call Anytime
+971 56 437 8853
Email Us
info@boomingbytes.com
Documents Required For Commercial License in Dubai
- Application form with the company name mentioned both in Arabic and English
- Copy of the Trade license
- Lease contract of the registered office space
- MOA signed by the partner or sponsor
- Proof of the license fee
After verifying all the documents DED will approve the application and you will be eligible for obtaining a commercial license in Dubai. Booming Bytes Business consultancy ensures that these prerequisites are met and approved by the Department of Economic Development (DED). One of the most significant advantages of this license seems to be that it allows the business owner to open a corporate bank account.
Why Choose Booming Bytes Business Consultancy?
Booming Bytes Business Consultancy is the leading business setup consultancy that helps you with a manufacturing license in Dubai. We’re highly professional in managing all the documents to get early manufacturing license approval in Dubai.
We keep business at our priority and provide an unmatched solution for document clearance, company formation, and getting any business license in Dubai or anywhere in UAE. Get in touch with us for a free consultation on a manufacturing license in Dubai.