Sector of Economic Development in Dubai has divided every business under different licenses, offering them importance as per their business activity. Owning a Trade License Dubai does not only give an appropriate business organization to legalize but also allows the company to achieve lots of benefits.
There Are Three Main Types of Business Licenses in Dubai:
Commercial License: The commercial licenses include all types of general trading as well as particular trading activities.
Professional License: The professional licenses are used in business enterprises connected in some or the other line of work or service-oriented activity – such as craftsmen, doctors, teachers and artisans.
Industrial License: An industrial license is offered to organizations involved in an industrial or manufacturing activity.
Getting Business Trade License in Dubai:
Every business activity adds a list of its own needs – before implementing for the business license, it is most significant to draw round the legal needs, entail the governmental supplies and make crucial associated decisions. However, below are the indicators that are necessary to be implemented by every business unit to obtain a Trade Finance Services Dubai.
The most important and crucial thing towards applying and getting a business license in Dubai is to assign the group of the business – i.e. commercial, industrial or professional.
Another vital aspect is to understand the different business legal structures in Dubai, that will further persuade the type of license that you need to obtain.
Once the documents are at hand you should submit the application to the Department of Economic Development in Dubai for primary approval.
After the preliminary approval, the business unit needs to register the trade name with the departments.
Rent or Lease a business premises – that will be specific as per to the business license you aim to obtain; these rental papers are submitted at the authorities concerned for sanction.
Prepare necessary documents; such as communication of organization and approvals from other appropriate government powers.