There are many steps involved in starting a business in Dubai. Dubai Trade license and getting a commercial permit in Dubai are the two important issues to consider at the beginning of a business. First, you have to book a trading name for the company through the Dubai Trade license department. If the commercial name is approved, you then have to apply for a commercial permit for your business. Additionally, you have to apply for a commercial permit for individual business activities; for instance, you will run your business using your Dubai commercial license.
Once the application is done, you will have to submit the required documents and information to the concerned departments in Dubai. One of the important things to do is to submit the Dubai national commercial register. The national commercial register contains information about all the companies and individuals who have applied for registration in Dubai. If you have applied for a business permit, you can visit the commercial register and search the names of the companies and individuals for which you had applied. If necessary, you can call the concerned offices to follow up.
After you have submitted the Dubai national commercial register and the trade license in Dubai application, you have to submit the necessary documents. First, you have to present your passport and visa for working in Dubai. Next, you have to present registration proof from the concerned authorities. Registration proofs are usually required for all the businesses that are involved in international trade. For example, if you are running a coffee business, you have to provide copies of original accounts and receipts from the previous year.
Another important issue is about the registration of your company name. The Dubai trade license and the Memorandum of Association of the company name of the exporter must mention the name of the business that is engaged in the importing and exporting activities. Your company name cannot contain any geographical references. Moreover, it cannot be the name of your own business or company that you set up.
You have to submit the necessary documents for getting the Dubai commercial tenancy contract. The property law of Dubai demands that the property contract and the Dubai commercial lease form an agreement between the owner of the property and the owner of the commercial real estate. Usually, this type of legal document is referred to as the tenancy contract.
If you want to get a Dubai license, you have to pay the prescribed fees. Usually, the fees associated with obtaining a foreign license include the application fee, inspection fee, license stamps, fee for translation of the documents, the fee for proof of identity, and legal fees. However, if you own more than ten percent of the total real estate in Dubai, you will not have to pay the prescribed fees. However, you may still need to pay a maintenance fee on a regular basis. In case you do not possess the required documents, you will have to approach the Dubai Electricity and Water Commission for getting the ownership information. You should also keep in mind that the location where you want to locate your business cannot be used as the location for the purposes of getting a Dubai trade license and the license renewal.
In order to start your business setup in Dubai, you have to get a Dubai commercial license from the Dubai Electricity and Water Commission. You will have to pay the prescribed fees after you have obtained the Dubai trade license from the UAE Commerce and Business Development Authority. This is the safest bet for those who want to start their business in Dubai. On the other hand, you have to contact the Commercial Investment Corporation for getting an offshore business center in Dubai.
Finally, in order to start trading in Dubai, you have to contact an agent from the Dubai Gold Trade Company. A commercial license can also be obtained from the Dubai Middle East Office. If you are still in need of finding a company that can provide you with a business facility in Dubai, you can easily search the internet for business directories that specialize in offshore business centers and register with the Dubai Trade and Commercial Facilitators.
Trade and Business License In Dubai – Understanding the Requirements
What exactly is a Dubai Business License? Getting a business license is the most important step after setting up an organization in Dubai. The most commonly used kind of business license is the e-trade business license, which designates all the legal activities that are able to be carried out within the UAE after establishing an office. This license is also referred to as the International Business Identity Card or the IBC and has a UAE postal address of its own. However, the Dubai government has now started to issue its own business and trade licenses, which are different from the ones that originally had the IBC.
For investors, it is vital to understand that these licenses are just another set of documents, which are used to prove your ownership of properties, buildings, and other assets in Dubai. It is also used to show that you have a real estate investment plan and that all necessary documents for such plans have been duly executed. For this reason, it is advisable to acquire the needed documents before investing in Dubai real estate. This will ensure that your investment is secure and that your investment plan will go through. Similarly, it will also make sure that your property stays in your possession.
Once your license has been renewed, you will have the right to sell or rent your property. However, there are some restrictions when it comes to the sale and rental of properties. For example, properties that are used as employee accommodation and for office space may not be sold or rented. Investors who are planning to own property in Dubai will also need to get a lease agreement or a tenancy contract. The required documents for these are mentioned below:
The very first step that anyone must take when considering how to obtain a trade license in Dubai is to choose a suitable business name. Before choosing a name, you must first submit all the required documents and information to the Dubai Government. This includes a registration fee, payment of a registration fee by the owner of the business before it can start trading and a copy of the business license that one must first obtain from the concerned Trade Office in Dubai. Once all the required documents have been received from the concerned authorities in the country, the investor can now look for a suitable location for his/her company.
After selecting a business name, the next step to take is to apply for a business license. The interested business applicant must then go to any trade office in Dubai that is authorized to issue business licenses. This is done through the concerned authorities. This application process is often referred to as applying for a license to operate a foreign business in Dubai. A business license will help investors in Dubai protect their rights and minimize their legal liabilities.
Upon receiving a business license, one must then choose an appropriate location for the business. This location will be dependent on the nature of the products or services that one plans to provide in Dubai. For example, a food service provider may want to set up its operations in a place that people can easily access. On the other hand, a water-fronting business may want to open its operations in a place where the sight of water can attract more foreign investors and create more potential customers.
Once all the necessary requirements have been fulfilled, the investor can now obtain trade licenses. Foreign nationals who have obtained a business permit in Dubai will not be required to obtain an individual passport when transacting business activities with UAE residents. However, one must still carry their passport when traveling outside the country. Foreign investors may obtain one or more work permits that can be renewed regularly, in order to continue doing business in Dubai. Work permits allow the foreign worker to stay and work in Dubai for a specific period of time; usually renewable every four years.
The third and final requirement for foreign investors to open an establishment is to get an establishment card. An establishment card is issued by the Dubai Ministry of Economic Affairs. Investors can obtain one from the Dubai Cabinet Office after having obtained a business license. The establishment card is required to prove that the applicant has the capacity and the legal rights to operate a business in Dubai, as well as fulfill other company requirements. Business license applications and establishment cards are normally processed immediately following submission.
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