Dubai Trade License and the Related Requirements

Author : donnawpearson
Publish Date : 2021-04-07 20:52:07
Dubai Trade License and the Related Requirements

A Dubai business man needs to get a Dubai trade license in order to engage in any trade or commercial activity in Dubai. The requirement of a license depends upon the nature and number of products or services to be exported or imported into the emirate. An individual who wants to establish a new business establishment in Dubai or re-export goods to or from the United Kingdom needs to apply for a trading license. If one wants to open a company in Dubai, he or she also needs to apply for a business permit.

The Dubai trade license, if granted in a free zone, will legally be issued by the governing body of the freezone. However, the particularity of this business license issued in a free zone is that it can be used only for completing commercial or trading activities in the free zone. An individual wishing to open a company in Dubai or re-export goods from the United Kingdom to or from Dubai, needs to apply for an export business permit. Similarly, an individual who wishes to start a manufacturing unit in Dubai or import and export goods from the United Kingdom needs to apply for an import and export business permit. If one has not obtained a business license or a business permit for some of his commercial or transport activities in Dubai, then he will not be legally able to carry out any of these activities.

If you are planning to start a new business establishment or re-export goods from the United Kingdom to or from Dubai, then you should apply for a business permit first. If your company is a limited one, which means that its owners do not number more than ten, you will not need to get a business license. You will however need to get an export and import business license, if you intend to engage in some serious trading or commercial activity in Dubai. An individual with a business address in Dubai but who does not hold a professional trade license can apply for a business license only if he or she intends to engage in activities such as import and export, but he or she would need to get an export and import license otherwise.

Companies that have been operational for at least three years can apply for a business license. The company should provide the Dubai Authority for Trade (DAUT) with the following information: the nature of its trade, its intended nature of the operation, its capital, its employees and the type of vehicles used to transport goods. If the company plans to enter the electronic goods market in Dubai, it must submit a list of its goods that require customization. Foreign investors will also be required to submit an application for a Dubai trade license. The investment capital necessary for starting a new company is referred to as emirate investment syndicate (id tet).

A company may need to get a general trade license in order to open a branch in Dubai. This is necessary if the company intends to export products to and from other countries. It is not necessary, however, if the company plans to operate directly from its head office. Companies applying for a general trade license must pay a fee of a fixed sum. The amount usually includes the visa fee, payment of stamps, registration fee, annual inspection fees, valuation fees and administrative expenses.

Companies wishing to open a branch in Dubai are required to submit the necessary documents to the concerned department concerned. These include the necessary documents for the business registration, a registration of name, type of trade and business license. Companies are required to submit the following documents: the identity of company | foreign investors | holding companies | foreign} Before holding companies in Dubai, foreigners must obtain the necessary permit. This permits are often issued by the Dubai Trading Companies. Companies are required to submit the following documents: business permits, financial documents such as cheques and bank statements, articles of association, shareholders' information, business plans, a copy of the capital stock register and a letter from the director confirming the details mentioned above. Companies are required to submit these documents before the end of the six-month registration period. The companies are then granted a final permit allowing them to open a business branch in Dubai.

Holders of Dubai commercial licenses are required to submit regular applications for extensions or revocations. These applications are reviewed by the Dubai Interior Ministry, which decides whether a license holder is still qualified to operate in the emirate. In case it is determined that the license holder is no longer qualified, his business activity is subsequently terminated. Companies are required to submit a new application after six months if they wish to open a new branch in Dubai. Applications for new business licenses should be submitted by hand or by fax, but online filing is preferred.



Category : general

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