Get a Business License in Dubai
There is an Aphorism in the business world – “One must be cautious of time when it comes to business and trade cause time is value and money, If you were seeking or searching to obtain a Business license in Dubai, then you have come across the accurate place.
Since Dubai is the first and foremost choice of all traders and business owners, acquiring your business license ASAP becomes quite a mandate. The faster your registration process is, the quicker you start operating. It can take some days to receive your Visa, License, Office Space, documents, and other essential things Let us unravel the step-by-step guide to gaining a Business License in Dubai
Procedural Steps for Business License in Dubai Free Zone
- First, You need to visit the dedicated website of the Dubai government that provides trade licenses and sign up there to create an account and raise your request.
- Secondly, deciding the type of trade license you want to get is your next task so that you can start working as a legitimate business in the UAE. A memorandum of association can be issued or a settlement document can work too. One can opt for an Instant License which can be obtained within 5 minutes, or a normal License which is given either via manual or electrical mode along with a site lease agreement. A company can be owned in several forms such as LLC-Single Owner, LLC, Civil, or sole ownership. There is another category of license called the DED trader license which has the principle of working as a sole ownership.
- Thirdly, you will be required to select the service type and structure which can be any of two – Subsidiary or Procedural.
- Fourth, you have to visit any of Dubai Economy service centers now send your requirements through the email ID of the center, and make your payment. You have to also fill up the application form and submit it to the DED for your initial approval. You can now acquire your license.
- You can link your services to another like Reserving a trade Name, taking a trade permit to be issued, and renew your commercial license.
- You need to take care of certain things from deciding a business model to all the prerequisites, name of your company, office space, location, contract, and legal structure as discussed earlier.
- Understand all the terms used in the entrepreneurial land of Emirates such as Mainland, Free Zone, Dubai World Trade Center, Dubai World Central, DCCA, DMCC, DIFC, DAFZA, legal framework, and structure, etc.
Cost of Achieving a Business License in Dubai Free Zone
Dubai free zone company setup cost depends on the different zones of Dubai. it is different for businesses to trade, grow, and scale. If we talk about Free Zones, then import & export will be best for there and if it is to acquire a license in Dubai Mainland, then an LLC company to target customers in a local market is suitable for this. The overall cost can vary since it includes and depends upon many things. However, there are certain categories in which you will be required to pay the fee such as;
- Registration Charges – this can cost you as low as AED 3,500 depending upon the company of type that you are registering for.
- License Cost – It’s given for Free Zone which again depends upon the type of business activity you’ll be involved in. Dubai Free Zone License Cost will vary as per the Free Zones since it is different for each Free Zone. The cost for it will be somewhere around AED 10,000 to AED 50,000. It is also renewed every year or can last up to 3 years. A freelancer License can be availed too costing from AED 7500 to AED 10000 via the new GoFreelance scheme from TECOM Group. There are Non-Profitable licenses too which are commonly cheaper than Commercial ones that can be availed at International Humanitarian City
- Visas – These can be availed for Residential or working purposes at the time your business starts running. This can charge between AED 3,000 to AED 6,000 each person which is valid for 1 to 3 years. It will help open a bank account, rent, sponsor a family, and get a driving license.
- Office space – You can either get it on lease, rent, or buy. A fully furnished, semi-furnished, unfurnished, serviced, or unserviced can vary from AED 15,000 to AED 20,000 depending on your free zone.
Read also: Unlocking the Potential: Starting Your Business in Dubai Free Zones
How Quick Venture Can Help You Attain Business License in Dubai Free Zone?
There are many legalities and legitimacy to be followed by business owners who wish to start a business in Dubai. It takes deep analysis and knowledge of hassle processes like visiting Dubai department, government agencies approval and license which is why it is preferred to hire a business consultant. However, we have provided the best information that we could.
Quick Venture is all set to assist you since you are not alone in this process of obtaining a Business License in Dubai. We have veterans of the industry who are consultants, lawyers, PRO executives, and service providers having almost more than a decade of experience.
We assist our clients starting from afresh and completely from scratch. Quick Venture caters to its clients with the tools, legal and financial guidance, requisite documentation and paperwork, and proper planning, from registration till you receive a Business License in Dubai. We have a different style of working since we start by asking about your needs, demands, goals, and vision and then align with the best solutions which is why we are the first choice by entrepreneurs for setting up businesses in Dubai.
Reach us Now and get your customized consultation!
