Types of commercial licenses in Dubai and their issuance costs

Types of business licenses in Dubai and the costs of issuing them Types of business licenses in Dubai Dubai is considered an exciting destination for investment and business establishment, as it provides many opportunities and various business licenses for local and international investors. Dubai has a dynamic economic climate and competitive environment that encourages growth and innovation in various sectors. In this article, we will explore a range of business license types available in Dubai that contribute to business diversification and development.

Investors wishing to obtain a commercial license in Dubai must consult with Itqan Company to obtain the necessary information and make the appropriate decision according to their needs and business goals.

Economic advantages of investing in Dubai through commercial licenses

Investing in Dubai by obtaining business licenses provides many economic advantages that make it a preferred destination for businessmen and investors. Below are the most prominent of these advantages:

1. Favorable business environment:
   Dubai provides a favorable business environment that supports economic growth thanks to its advanced infrastructure, transparent legal systems, and government policies that support investment.
2. Tax exemptions:
   Dubai is characterized by an attractive tax system for investors, as companies are exempted from income tax on profits and customs duties on importing goods, which significantly reduces operational costs.
3. Strategic location:
   Dubai is an important logistics center linking global markets in Asia, Europe and Africa, facilitating international trade, transportation and shipping operations.
4. Advanced Infrastructure:
   Dubai provides an advanced infrastructure that includes a modern transportation network, international sea and air ports, and commercial and industrial facilities equipped with the latest technology.
5. Facilities for establishing companies:
   Dubai provides easy and quick procedures for establishing a company in Dubai and obtaining commercial licenses, which helps start businesses quickly and effectively.
6. Financing and support opportunities:
   Dubai provides multiple financing opportunities through banks and financial institutions, in addition to the presence of business incubators and accelerators that help startups grow and expand.
7. Market diversity:
   The market in Dubai provides diverse investment opportunities in various sectors such as trade, tourism, real estate, and financial services, allowing investors to diversify their investments and reduce risks.
8. Political and economic stability:
   Dubai enjoys political and economic stability, which provides a safe environment for investors to conduct their business without worry of political or economic fluctuations.
9. Opportunities for partnership and international cooperation:
   Dubai provides opportunities for partnership with international and local companies, which enhances the opportunities for expansion, growth, and achieving profits.
10. Skilled and diverse workforce:
    Dubai attracts talent and expertise from around the world, making it easier for companies to find the skilled and trained workers needed to achieve their goals.
11. Take advantage of international events and exhibitions:
    Dubai hosts many international trade events and exhibitions, allowing companies to showcase their products and services and network with potential customers and investors.

These advantages make Dubai an ideal environment for investment and provide an opportunity to achieve rewarding financial returns and grow in a diverse global market.

How to get a business license in Dubai

To obtain a business license in Dubai , investors must follow specific procedures and adhere to legal requirements. How to obtain a commercial license in Dubai can be summarized as follows:

1. Study the commercial activity: First and foremost, start by studying the type of commercial activity that you want to practice, and determine whether it requires a special license or prior approval from government agencies.
2. Choosing the legal form: Then decide which type of business license in Dubai  suits your business activity, whether it is a sole proprietorship, a limited liability company, or a joint stock company.
3. Choosing a company name: Therefore, choose an appropriate name for your company. The name must be appropriate and compatible with the laws of the emirate, and it must not be similar to the names of existing companies.
4. Preparing the required documents: Also prepare the documents required to establish the company, such as a copy of the founders’ passport, the prior approval of the partners (if the company is joint), and the company’s articles of association.
5. Submitting the application to the relevant bodies: Then submit your application to the competent government bodies in Dubai, such as the Department of Economic Development or the local authorities concerned with commercial licenses.
6. Obtaining the necessary approvals: Also wait for you to obtain the necessary approvals from the competent authorities, and pay the fees required to issue the commercial license.
7. Receiving the commercial license: Finally, after approvals and paying the fees, you will obtain the final commercial license, and you can start practicing your business activity in Dubai.

In the end, these steps constitute the basic procedures for obtaining a commercial license in Dubai, and more details and guidance can be obtained by seeking the help of Itqan Professionals in the field of business and trade in the Emirates.

Types of business licenses available in Dubai.

The exact requirements and details may vary depending on the type of activity and conditions specified by the competent authorities in Dubai. Therefore, it is always preferable to use Itqan Company, professionals in the field of business and law, to obtain accurate information and correct guidance before taking any business step.

How to get a multi-activity business license in Dubai?

To obtain a multi-activity business license in Dubai, investors must follow several steps and submit the required documents to the relevant government authorities. How to obtain this license can be summarized as follows:

1. Determine the company’s activities: You must also specify all the commercial activities that you wish to practice under one license, such as retail, manufacturing, import and export, consulting services, etc.
2. Choosing the legal form of the company: You can also choose the type of company that is appropriate for your activities, such as a limited liability company, a sole proprietorship, a family company, or others.
3. Company registration:  Then, after choosing the legal form, the company must be registered with the Department of Economic Development in Dubai or the General Authority for Land and Property according to the type of activities chosen.
4. Preparing the required documents: You must also submit the documents required to obtain the license, such as a copy of the passport, personal photos, certificates of education and experience, and a correctly completed application form.
5. Application and payment: Therefore, you must submit the application and pay the fees required to obtain the multi-activity commercial license.
6. Examinations and approvals: Then, after receiving the application, the necessary examinations are carried out and official approvals are obtained from the relevant authorities, such as the police and civil defense.
7. Handing over the license: After completing the procedures and approvals, the multi-activity commercial license is handed over, which enables the company to practice all the activities registered under it.

It should also be noted that it is always advisable to cooperate with Itqan Company, professionals in the field of business and law, to ensure full compliance with local laws and legislation and to facilitate the process of obtaining a commercial license efficiently and smoothly.

Steps to establish a business and obtain commercial licenses in Dubai.

Establishing a business and obtaining business licenses in Dubai includes several steps and procedures that you need to adhere to to ensure legal compliance and smooth operation of the business. Here are general steps for establishing a business and obtaining commercial licenses in Dubai:

1. Study the market and develop a business plan: Also study the local market in Dubai, identify opportunities and challenges, and develop a comprehensive business plan that includes goals, strategies, expected costs, and marketing plans.
2. Choosing the correct type of company: Then decide the appropriate type of business company, such as a sole proprietorship, a joint-stock company, a limited liability company, and others.
3. Determine the business name:   Also choose a name that is unique and appropriate for your business activity. Make sure the name does not violate any registered trademark.
4. Providing the commercial address: Also provide a valid address for company registration. Commercial services offices can be used as a temporary address for registration.
5. Prepare the required documents: Submit the required documents such as a copy of the passport, residence certificate, business plan, and correctly filled application form.
6. Submitting an application for registration: The registration application and required documents must also be submitted to the competent authority, such as the Department of Economic Development in Dubai or the General Authority for Land and Property.
7. Paying fees and obtaining approvals:   Then pay the fees required for registration and obtain official approvals from the competent authorities.
   You may need approval from security, health and financial authorities depending on the type of activity.
8. Completing legal procedures : Completing legal procedures such as signing contracts and agreements, and ensuring the company’s compliance with local laws and legislation.
9. Issuance of a commercial license:   Also after completing the procedures and approvals, a commercial license is issued to the company.
   You can obtain a copy of the license to use in your business. Opening a bank account: Open a bank account in the name of the company and deposit the required capital into the account.

These are the steps for establishing companies and obtaining basic business licenses in Dubai. Make sure to adhere to legal and legislative requirements and procedures to avoid any future problems and ensure the success of your business in the UAE.

 

Our role in obtaining the appropriate commercial license

Itqan Company plays a vital role in the process of obtaining appropriate commercial licenses in Dubai and in the UAE in general. Here are some of the main roles played by Itqan Company in this context:

1. Business Consulting: Thus providing specialized consultations in the field of business establishment and commercial law in Dubai.
   Providing advice on the appropriate type of business license and company structure for the planned business.
2. Arranging documents and procedures: Then assist in preparing the necessary documents to register the company and obtain commercial licenses.
   Organizing legal, financial and administrative procedures to ensure full compliance with legal requirements.
3. Communicating with the competent authorities: We also communicate with government agencies and relevant organizations to organize the process of registering the company and issuing the commercial license.
   Follow up and review submitted applications and documents to ensure that requirements are met and the necessary approvals are obtained.
4. Guiding and training clients: Also providing advice and guidance to clients on how to manage the business and operate effectively after obtaining the commercial license.
   Providing the necessary training in the areas of management, finance, and marketing to enhance clients’ understanding and capabilities.
5. Continuing support: Then providing ongoing support after obtaining the commercial license in areas such as marketing, business administration, organization, and others.
   Guidance on legal, tax and financial obligations of companies to ensure business continuity.

Finally, in short, Itqan Company provides comprehensive services to help establish businesses and obtain appropriate commercial licenses in Dubai, which fully meet customers’ needs and contribute to the success and sustainability of businesses in the Emirates.

In conclusion of our article on the types of business licenses in Dubai, it can be said that Dubai provides a wonderful and encouraging environment for business and investments, as it offers a wide range of options for entrepreneurship and establishing companies. By understanding the different types of business licenses available in Dubai, investors can make informed and informed decisions that align with their business plans and needs.

Ultimately, the types of business licenses in Dubai reflect diversity and flexibility, allowing investors to select the best option that suits their business vision and needs. As one of the world’s leading business destinations, Dubai remains an attractive stop for companies and investors seeking to succeed and thrive in a competitive global market.

Frequently asked questions about types of commercial licenses in Dubai