Online Trading License in UAE: Your Aggregated Guide to Pecieve

We offer business setup services provide a comprehensive solution for entrepreneurs, eliminating the hassle and complexities often associated with business setup in the UAE.


Dubai which is an integral part of the United Arab Emirates has put itself on the map as one of the most significant investment hubs. This is perhaps one of the most justified reasons why business personalities worldwide consider this city as the epitome of investment. prior conditions can be named as follows: The availability of the infrastructures at the world-class level, the non-concessions on tax to the foreign investors, and the multicultural population make Dubai a promising area for international business organisations.

If there is one aspect that people invest a lot of time in, it is handling their finances in this fast-paced city, and therefore the choice of Best Foreign Banks in Dubai is decisive. There are so many that they may contain almost any kind of service needed by such organisations and people, but they focus mainly on international companies and persons.

Why is it more advantageous to choose an international bank in Dubai?

There are several compelling reasons to consider an international bank in Dubai:

  • Global Reach: The prominent of these is that these banks have branches all over the world, providing convenient ways to access your money irrespective of your location.
  • Diverse Products and Services: International banks provide for all clients’ corporations banking services, wealth and personal banking products and solutions that meet different needs in one place.
  • Multilingual Support: These banks cater to the multicultural audience and, as such, offer customer support in multiple languages, making the foreign client’s banking experience as seamless as possible.
  • Expertise in International Finance: International banks have extensive credibility, skills and insight into the management of different global financial mechanisms, which makes them a valuable source of expertise for your international business activities.

List of International Banks in Dubai 

Accompanying Dubai’s status as an international city with a rapidly developing economy is a particularly select group of foreign banks actively operating within this country, and each of them has its own well-defined advantages, as well as its individual set of services and products. Here’s a glimpse into some of the leading players: 

  • HSBC Bank: As one of the world’s leading global banks HSBC offers a staggering range of corporate and retail and private banking services that could meet the needs of most of the large global and individuals.
  • Standard Chartered Bank: Its strength is within the corporate/institutional banking discipline; thus, it can be best addressed to those enterprises, which require funds for import/export of products and services, together with treasury facilities.
  • Citibank: Citigroup, through Citibank, is amongst to the world’s largest banking companies; it provides businesses, financial partners, and the public conventional banking including; corporate, investments, and retail banking.
  • Emirates NBD: Emirates NBD is amongst the largest banks It is a UAE-based bank with some international operations that allow it to compete as a full-fledged international operation bank for both UAE and international clientele.
  • Barclays Bank: Barclays Bank being one of the players in the global banking sector it offers and functions along side with a long list of services in corporate and investment banking making it a good partner for global businesses.

Selecting the Best international banks in Dubai

When there are numerous global banks challenging each other in order to attract your financing, it becomes necessary to make a choice. Here are some key factors to ponder:

  • Your Banking Needs: Determine what products and services you need whether it’s corporate banking, wealth management or consumer banking products. It is crucial that you select a bank that provides you with services that fit your requirements in detail.
  • Fees and Charges: Determine the fees charged by various banks and compare the current fees for account maintenance, transactions and exchange rates.
  • Online Banking Services: In the current technological environment, sound financial applications in digital banking are mandatory. make certain that the online/mobile banking platform of the bank is as user friendly as possible in order to have easy access to your money.
  • Customer Service: Consumers have high expectations for how they are treated and attending to them is a critical success factor. Select a bank that has been specific in delivering the service in terms of its ability to answer the questions that might arise as efficiently as possible.

Read also: Get a Business License in Dubai

Understand your Financial Potential in Dubai

Through our affiliation with a highly accredited global bank in Dubai, that open all doors of finance to you. All these banks have all the help and assistance you need to manage and invest in international finances thus leaving you to work on your business success.

Can Quick Venture help you?

Quick Venture a professional Services Company In Dubai can help you in opening a corporate bank account with an international bank in Dubai. We will have to relay the instructions of the project to our team of experts who can advise on legal formalities, documentation and interacting with the bank for the project on your behalf. The decision-making process can be made easy and have maximum efficiency as our team of experts coordinates with the bank for the project on your behalf while the rest of the paperwork and legal formalities are explained to you and can be done by your end.

Let the potential of Dubai unfold

Being one of the most developed cities in the world with the best infrastructures established, and with the great option for international banks, Dubai is indeed a key domain for business. It is by selecting the most appropriate international bank that one provides himself or herself with all the necessary financial might and know-how to operate profitably in this vibrant economy.

Quick Venture, a trusted company formation specialist firm is here to assist you in your quest to setup a business in Dubai. To get the best from us, contact us today, and let us assist you to achieve your dreams financial.

Online Trading License in UAE
May, 2024

Online Trading License in UAE: Your Aggregated Guide to Pecieve

Every business owner willing to operate in Dubai has to follow the obligatory requirement of a trading License. Dubai is a hub of trade, business, and tons of opportunities. On the other hand, it is full of legalities and a lot of documentation to be done, so it becomes necessary to understand the complete procedure and requirements as well as authority-related concerns and the department’s permit. Let us know all the concerns in detail!

What is a Trade License & Who Provides it?

A trading license is a document that works like a legitimate approval to operate a business in a particular field or subject in the UAE. It is a key to trade in the dynamic area of business, UAE even if you provide services, or open a store in the Free Zone or Mainland. This license showcases the commercial trade that a company deals in.  An online trading license in UAE is applied for and issued by the Dubai Department of Economics Department. 

Why Do You Need a Trade License? 

First, having a trade license if you are willing to do business in Dubai or UAE is important because it gives you approval and legitimacy to start working and operating. Secondly, there are many advantages of having a trade license in Dubai or the UAE such as; 

  • It gives your business an identity 
  • It can help you take accountability for your business
  • Your business becomes legal and keeps it on the safer side from procedural audits and measures
  • You will be able to participate in measures presented by the government
  • You will be able to do networking through Social Media if you reside in Dubai 

What Are the Types of Trade Licenses?

Dubai Department of Economics Department offers majorly 4 sorts of business licenses that are dedicated to different and unique activities of the business. 

  1. Tourist Permit – It is made for tourist firms that include some laws and regulations, taxation, and compliances. It is for those organizations that are in the tourist sector.  
  2. Professional Certification – This license is issued to the professionals and service providers in which any local sponsor isn’t required. This professional certification aids in keeping control of the company on their firm. 
  3. Commercial License – It is for that business that which participates in operating commercial activities and the oes buying and selling of items. Enterprises are restricted in the activities listed in the license. 
  4. Industrial Licensing – This license is for those businesses that engage in the import and export of raw and goods prepared. 

Note – Having an offline office in Dubai is essential to apply for the license. 

Who Should Apply for a Trade License?

  • An online trading license in UAE is most suitable and appropriate for those owning businesses at e-commerce websites or using social media to sell their products 
  • It applies to the freelancers who offer services online and run businesses based and operated at home 
  • The home-makers operate small businesses and enterprises via online accessories handmade crafts, items, jewelry or other goods and services also can have an online trading license in UAE. 

Note – The one applying for the license must be a national citizen of either UAE or GCC and must be residing in Dubai. The age criterion is 21. If you are a foreigner or non-citizen, then you need other assistance for starting a business in Dubai. For that, you can consider any business consultant firm, Quick Ventures is one of the leading business consultants in Dubai that helps you to obtain ain visa, legal documents, and other assistance to initiate your business in the dynamic land of Dubai as quickly as possible. 

What is the Process of Obtaining a Trade License?

Obtaining an online trading license in the UAE can be a little complex and critical. 

  • The first step is registering a trade name for which you need to get approval for business activity from DED. 
  • The next step is to get DED to issue your business’s Memorandum of Association. This is a supporting document that assists you can applying for legal approval for your business. 
  • The next step is about submitting the documents. You need to submit legal and original documents such as application, and MOA to the FME (Federal Ministry of Economy) 


This whole procedure to attain an online trading license in UAE can take 5 minutes minimum up to a week or month time since it depends upon the legalities. If you only need to encounter with DED then it takes less time but if some other legality has to be cleared then it may take some more time. 


Licenses are required to be renewed after their validity which goes up to one year. It is quite a crucial step so one needs to thoroughly understand it, so you need to keep tracking the validities of your licenses. 

  • Keep sure that you have a valid lease at least a month after the expiry date of the license. 
  • You need to submit the specific form for renewal to the DED which is the BR/1 form along with it copies of the current lease agreement, business license (expired one) shareholders or investor details like passport, visa 
  • Fulfill the payment and get the receipt that DED will give you. 

Read also: Get a Business License in Dubai

What is the LLC Trade License Cost in Dubai?

The cost depends upon the requirement and procedure. However, to give you an idea, a trade license in Dubai Price can be around AED 12,000 along with AED 150 to 500 as extra fees for specific operations such as replacements, fees, & license translation.

Quick Venture’s Assistance for Online Trading License in UAE 

It is not more than a critical task to attain a trade license in Dubai. Trade Licenses are required for all the enterprises operating in Dubai. These are categorized into three sorts commercial, professional, and industrial which have their constraints. Businesses need to follow specific procedures and get the required permissions, approvals, and documents ready. Quick Venturea one-stop solution to get rid of all such tangled and complex processes. You need to hire us and sit relaxed cause we will do it all for you. We provide particular services for businesses to obtaivisas’s, licenses, and other legal documents. Apart from this, we assist our clients with financial advice to business advice with easy, smooth, and cost-effective steps. 

La-takluckoo cause Quick Venture is Here!

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About Quick Venture

Quick Venture Business Setup is a leading business setup firm in the UAE, specializing in simplifying the process of establishing businesses for a diverse clientele. With a dedicated team and extensive expertise, we guide clients through legalities, licensing, and market insights. Our commitment to excellence, transparency, and tailored solutions ensures a seamless journey for entrepreneurs and enterprises aiming to thrive in the dynamic UAE business environment.


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