How to Acquire a Normal Trade License in Dubai?

[TMS-CSP Business Setup In Dubai]

As we know, Dubai is a prominent land for business. As a global business hub, Dubai has earned a good reputation where business can easily thrive in this competitive world.

Due to the world's modern infrastructure and features, Dubai is preferred for corporate meetings, business events, exhibitions, and conferences. Foreign business owners and entrepreneurs easily establish their businesses and apply for trade license in Dubai.

The normal trade license allows the businesses to sell various commodities and products, re-export, export, and import that includes electronic gadgets, jewellery, furniture, food products, fashion apparel, and other several products. But the pharmaceutical drugs and
alcohol business does not come under this business. For
pharmaceutical drugs and alcohol business you have to apply for the commercial trade license.

Easy process to get a Normal Trade License In Dubai.

Acquiring a normal trade license is uncomplicated and effortless. You have to follow the below-mentioned steps to acquire your company trade license.

1. Business Activity - Initially you have to decide the business activity that you will perform. The Department of Economic Development (DED) gives the list of permitted business activity that comes under the normal trade license. As per your business nature, you have to select your business activity and then submit the list to the authority.

2. Legal Structure of the Company - Besides it, You need to decide where you want to start your business in the Dubai mainland or the free zone. If you go for the free zone you will get 100% ownership or if you go for the mainland you will access Dubai’s lucrative local market. In addition, You need to finalize that your company will be a sole proprietorship, LLC, an international, a partnership, or a GCC branch. Once you have done it then you will go for the next step.

3. Business Name or Trade Name - It is mandatory for the company to register the legal trade name for their company. To avoid an already registered name or similar name to your trade name. You may need to refine your trade name by using a business product or service name. Keep in mind that derogatory words and terms that hurt the sentiments and religious beliefs of a community are not allowed.

4. Acquire Initial Approval - Once the Dubai authority approves your trade name then you will go to the concerned authority to acquire your trade name. Please Remember, to get your business trade name you will need a payment receipt of registration and other mandatory legal documents.

5.Secure Office Space - Every business needs a physical office or warehouse to execute the planned business activity effectively. To save your big amount of money on office space or a warehouse we suggest you find the space on rent and pay a small amount in advance. Once you get the office on rent, you must register your office space with Ejari to secure your tenancy contract. Without registration with Ejari, you will not get your company trade license.

Bank Account And Process of the Visa - To do business in UAE it’s mandatory to have a corporate bank account. With a corporate business bank account, you can easily do the transaction and avail long-term and hair-term benefits. To stay in the UAE you need a visa for yourself, your family, manager, and staff if they will also live in the UAE. According to your business plan, you can apply for a UAE visa.

To get a general trade license in Dubai, the above mentioned steps are important or we can say mandatory. We hope this will help. If you want to get rid of it and want to get a trade license we suggest you go for the business consultancy.