What is the cost of a trade license in Dubai ? Because Dubai is one of the most prominent and leading cities in the world in the field of business and investment, as it provides an ideal environment for emerging, medium and large companies to grow and prosper. One of the key factors that plays a crucial role in the success of business in Dubai is obtaining the right business license.
Itqan Company is known for providing comprehensive and effective commercial solutions to companies wishing to invest in Dubai, as it provides the necessary support and guidance to obtain commercial licenses with high efficiency and at the lowest possible cost.
In this article, we will review together the details of the cost of obtaining a commercial license in Dubai in cooperation with Itqan Company, including government fees, services provided, and any additional costs that may be involved in the process of obtaining the license.
Steps to obtain a commercial license in Dubai
Obtaining a business license in Dubai requires following a series of necessary steps to ensure compliance with local laws and regulations. Below is an overview of the basic steps to obtain a business license in Dubai:
- Study the market and determine the business activity: Conduct a careful study of the market to understand demand and supply and determine the type of business activity you want to engage in.
- Choosing a business name: Choose a name that is appropriate and unique for your company and make sure it complies with local laws and has not been chosen by another company.
- Determine the company’s legal structure: Decide what type of legal structure is appropriate for your company, whether it is a sole proprietorship, joint-stock company, or other, according to your business needs and goals.
- Determine the location: Choose a suitable location for the business headquarters, whether it is in the free zone, industrial zone, or any other place that is compatible with your business activity.
- Obtaining government approvals: Apply for the necessary government approvals and permits required to start work, such as a municipal permit and a commercial advertising permit.
- Submitting the application and payment: Submit your application to obtain a commercial license with the competent authority, such as the Department of Economic Development in Dubai, and pay the required fees.
- Submitting documents: Submit the required documents with the license application, which may include a copy of the passport, commercial plan, lease contract, and others depending on the type of activity and legal structure.
- Waiting for Approval: After submitting your application, you may have to wait a few days or weeks for the application to be reviewed and final approved.
- Receiving the license: After approval, you will obtain the final commercial license that qualifies you to start working in Dubai.
Legal requirements for obtaining a business license in Dubai?
To obtain a business license in Dubai , there are usually a set of legal requirements that must be met. These requirements may vary slightly depending on the type of business, company structure, and issuing entity. Here are some common legal requirements:
- Legal structure of the company: The legal structure of the company must be determined, whether it is a sole proprietorship, joint stock company, limited liability company, or other.
- Trade name: You must choose a name for the company that complies with local laws and is not used by another company.
- Industrial permit: An industrial permit may be required from the relevant authorities, especially if the company plans to provide manufactured goods or services.
- Government Approvals: Some businesses may require government approvals, such as municipal permits, health permits, or environmental permits, depending on the type of activity.
- Lease Contract: A copy of the lease agreement must be submitted for the location where the company’s operations will be conducted, which must comply with the requirements of local authorities.
- Business plan: Local authorities may require the submission of a detailed business plan explaining the company’s goals, future plans and way of operating.
- Required capital: Some businesses may require specifying a certain capital, which must be confirmed when submitting the application.
- Personal Documents: Local authorities may require copies of passports and personal identities of key shareholders and directors of the company.
Types of business licenses available in Dubai
In Dubai, there are several types of business licenses available for individuals and companies to conduct business. Among these licenses:
- Sole trade license (sole trader): Allows an individual to conduct business in his personal name without the need for partners.
- Business Company License (Limited Liability Company): Allows shareholders to form a business company with limited liability, meaning that shareholders are not fully personally liable in the event of debts or obligations.
- One-person company license: It allows one person to establish a company with limited liability, and this company is independent of the individual person.
- Joint Trading Company License (Joint Company): Allows a group of individuals or companies to form a joint trading company, where profits, losses and responsibilities are shared according to prior agreement.
- Craft company license: Allows individuals to conduct business in certain fields such as handicrafts or professional services such as barbering or car repair.
- Foreign company branch licence: allows a foreign company to open a branch in Dubai to represent its business in the region.
Cost of a business license in Dubai
The cost of a trade license in Dubai varies according to several factors, including:
- Type of company: The cost of the license varies depending on the type of company you wish to establish, whether it is a sole proprietorship, a limited liability company, or a joint stock company.
- Company activity: The type of business activity you want to engage in affects the cost of a business license. Some activities require higher licensing fees than others.
- Location: The location you choose for your business may affect the cost of a business license. Major commercial areas in Dubai may charge higher fees than other areas.
- Size and space: If you require larger office space or additional facilities, you may have to pay higher rental costs.
- Additional Services: You may need additional services such as professional permits or insurance, and this may increase the overall cost of obtaining a business license.
It is important to contact local regulatory authorities or local consultants for more precise details on the cost of a business license in Dubai, as costs are determined based on the individual circumstances and requirements of each business.
Find out the cost of a trade license in Dubai
In conclusion, there are many factors that affect the cost of obtaining a business license in Dubai . These factors include company type, company activity, location, size and space, and additional services required. Itqan Company works in Dubai as a consulting partner for companies wishing to establish their businesses in the emirate.
In cooperation with Itqan Company, you can benefit from their extensive experience in the field of business establishment and licensing in Dubai. The company will help you understand the appropriate license requirements for your business and direct you to the necessary procedures to obtain the license.
In addition, Itqan will provide a comprehensive financial estimate of the expected costs of obtaining a business license, including licensing fees, registration fees, and additional service costs. This information will help you develop a solid financial plan and determine the financial resources required to establish your company in Dubai.
By choosing Itqan Company as your partner, you will receive the necessary support and guidance to facilitate the process of obtaining a commercial license in Dubai. The company will provide integrated and customized services to meet your needs and ensure the success of establishing your company in this thriving economic destination.
The most frequently asked questions about the cost of a commercial license in Dubai
What are the basic expenses that must be paid to obtain a business license in Dubai?
Basic expenses include company registration fees, licensing fees, and fees for various government services. It may also include office rental costs and consulting fees.
Does the cost of the license differ depending on the types of business activities?
Yes, the cost of the license varies based on the type of business activity. There may be additional fees for activities of a private or sensitive nature.
What are the expected additional costs after obtaining the commercial license?
Additional costs include office or commercial rent, marketing and advertising costs, annual licensing fees, and necessary insurances.
Does the license price include any other taxes?
Generally, there are no taxes on business licenses in Dubai, but there may be additional administrative and service fees.
Is it possible to renew a commercial license and how much does the renewal cost?
Yes, the trade license can be renewed annually. The cost of renewal varies depending on the type of license and business activity, and is usually less than the cost of obtaining a license for the first time.
