Types of business licenses in Dubai If you are thinking about starting a company in Dubai, understanding the types of business licenses available is an essential step. Dubai offers a variety of business licenses to suit different needs of businesses, whether small or large. In this article, we will give you an overview of the types of business licenses in Dubai, from the individual business license to the business license for limited liability companies.

We will review each type of business license in Dubai , and explain the requirements and benefits of each, in addition to the steps necessary to obtain them. We will also talk about the consultations that Itqan Company can provide to help you make the appropriate decision regarding the type of commercial license that suits your business.

In the thriving business world in Dubai, the types of business licenses are at the forefront of the vital factors that businessmen and investors must consider when establishing their companies. Itqan Company is an important partner in this process, as it provides the necessary support and advice to investors to choose the best type of commercial license that suits their needs.

In this article, we will review together the types of commercial licenses in Dubai with Itqan Company, where we will highlight each type, its requirements, and its benefits. We will learn about the individual business license, the limited liability company, and the company operating in Al Hurra Zone, and we will learn how each of them can contribute to the success of companies in the diverse and dynamic business environment in Dubai.

 

Types of business licenses in Dubai

There are several types of business licenses in Dubai that companies can obtain depending on the business activities they wish to practice. Here are some common types of business licenses in Dubai:

These are just some examples of the types of business licenses available in Dubai. Investors should review the fine print and legal requirements for each type of license before making their decision. These licenses can be obtained through the competent authorities in Dubai, such as the Dubai Department of Economic Development (DED) or the Dubai Free Zones.

Requirements necessary to obtain a business license in Dubai

To obtain a business license in Dubai , it usually requires several procedures and requirements. Here is a list of basic requirements you may need:

• Determine the business activity: You must specify the type of business activity you wish to practice, such as retail, professional services, manufacturing, import and export, and others.
• Choosing the legal form: The legal form of the company must be determined, such as a sole proprietorship, joint stock company, limited liability company, or partnership.
• Choosing a trade name: You must choose a trade name for your business and ensure that it is not duplicate and complies with local regulations.
• Determine the location: You must provide a location to conduct your business activity, whether it is in a commercial office or a commercial store.
• Personal documents: A copy of the passport and personal photos of the owner or general manager of the company must be submitted.
• Lease Contract or Proof of Ownership: A commercial location lease or proof of ownership must be provided if the business will be operating from a private location.
• Business Plan: A detailed business plan must be prepared explaining the type of business activity, marketing and financing plans.
• License fees: You must pay the necessary license fees to issue a commercial license, which vary according to the type of activity and the legal form of the company.
• Submitting the application: The application for a trade license and all required documents must be submitted to the competent regulatory authority, such as the Department of Economic Development in Dubai.
• Waiting for approval: After submitting the application, the local authorities may take some time to process it and issue the business license.

Legal and financial advice for business licenses in Dubai

Legal and financial advice to obtain a business license in Dubai is vital for the success and proper development of your business. Here are some points that these consultations could include:

1. Determine the appropriate legal structure: Legal advice will help you determine the appropriate legal structure for your business, such as a sole proprietorship, limited liability company, partnership, or others, based on the nature of the business and the legal and financial needs.
2. Identifying the Business: A legal advisor will help you determine the business that best suits your goals and complies with local laws and regulations.
3. Preparing legal documents: The legal advisor helps you prepare all the legal documents necessary to submit a commercial license application, including contracts, agreements, and license application forms.
4. Compliance with laws and regulations: Legal counsel helps you understand and comply with all local laws and regulations related to business licenses, including legal, financial, consumer protection terms, and others.
5. Financial Planning: Financial consulting provides assistance in determining the expected costs of obtaining a business license, determining appropriate financing, and financial planning for the business.
6. Taxes and Finance: A financial advisor can provide advice on taxes, business-related tax obligations and how to comply with local tax laws.
7. Financial Management and Reporting: A financial consultant can help you prepare financial plans, regular financial reports, and monitor the financial performance of your business.
8. Insurance and risk management: A financial advisor can advise on appropriate insurance options and manage financial risks for your business.
9. Providing general advice: A legal and financial advisor can provide general advice on business management, strategic planning, and business development.

 

Taxes related to business licenses in Dubai

In Dubai, companies and businesses enjoy a flexible and favorable tax environment, with many companies subject to low tax rates or no tax at all. However, there are some taxes related to business licenses in Dubai that you should be aware of:

• Value Added Tax (VAT):  The UAE has imposed a 5% VAT on specified goods and services, and this tax may apply to some businesses in Dubai. Business owners must register with the Federal Tax Authority, submit periodic reports, and pay the tax due.
• Income tax: There is no corporate income tax in Dubai, except for some specific sectors such as banks and oil companies. These exemptions are part of government policies aimed at attracting foreign investments and promoting business in the region.
• Sales and Transfer Taxes: Other local taxes, such as land registration tax on real estate and commercial properties, and transfer fees may apply when selling real estate or transferring ownership.
• Natural Resource Taxes: Taxes apply to the extraction and exploitation of natural resources such as oil and gas, and these taxes vary based on local agreements and laws.
• Business license fees: Business license fees apply when companies are established and renewed annually, and these fees vary depending on the type of business activity and the legal structure of the company.

Costs of obtaining a business license in Dubai

The costs of a business license in Dubai may vary significantly based on several factors, including the type of business activity, the type of company to be established, and additional costs related to legal and administrative procedures. However, general estimates of the approximate cost of obtaining a business license in Dubai can be provided:

1. Registration and licensing fees: These fees include registration fees with the competent authorities in Dubai and license fees for the commercial activity. These fees usually range from .
2. Legal and consulting costs: You may need to consult an attorney or legal advisor to assist you in the process of obtaining a license and ensuring compliance with local laws. These costs may range depending on the size of the business and services provided.
3. Additional government fees: Some businesses may require additional fees to be paid to relevant authorities in Dubai, such as permit fees or advertising fees. These fees may vary depending on your business requirements.
4. Administrative and office costs: These costs include office rental costs, office furniture and equipment, and any other administrative costs. These costs may vary greatly based on the company’s size, location, and needs.
5. Taxes and social insurance: There may be tax fees or contributions to the social insurance system that vary based on the type of company and commercial activity.
6. Variable costs: Costs may change based on several factors, including company size, number of employees, services required, and other additional costs.

Itqan Company services in creating your commercial license in Dubai

Itqan Company offers a wide range of services to help you establish your business license in Dubai . Here are some of the services it can provide:

1. Business Consulting: Itqan can provide comprehensive consultations on the steps needed to obtain a business license in Dubai, including the appropriate type of license, legal and financial procedures.
2. Arranging documents: Itqan Company arranges all the necessary documents required to apply for a commercial license, saving you time and effort.
3. Submitting applications: After arranging the documents, the Itqan team submits the necessary applications to the relevant authorities in Dubai to obtain a commercial license as quickly as possible.
4. Follow-up procedures: The team follows up on all procedures and stages necessary to obtain a trade license, and provides you with the necessary updates and information throughout the process.
5. Post-licensing support services: After obtaining the license, Itqan can provide additional support services such as accounting, legal services, employment assistance, and others to help you operate your business successfully.
6. Additional Services: In addition, Itqan can provide additional services such as searching for commercial properties, providing communications and technical infrastructure, marketing and advertising, and other services necessary to successfully launch and operate your business in Dubai.

Remember to speak with the Itqan team to get accurate information about the specific services they can provide you to establish your business license in Dubai based on your needs and business requirements.

At the conclusion of this article, we have reviewed the types of commercial licenses in Dubai in cooperation with Itqan Company. We found that Dubai offers a variety of options for individuals and companies wishing to invest and operate in this dynamic business environment. From individual licenses to limited companies, and from consulting services to logistics services, Itqan provides support and assistance in all the steps necessary to successfully establish and operate a business. With its extensive advice and experience, Itqan is a reliable partner to achieve your business goals in Dubai. Through a deep understanding of individual needs and evolving strategies, Itqan seeks to provide the best solutions and services to its clients. If you are looking to invest in Dubai or establish a new business, Itqan offers the comprehensive support you need to succeed in the business world.

Frequently asked questions about types of business licenses in Dubai