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Dubai is a city of infinite dreams and starting a business in Dubai is a privilege that every business enthusiast should take a hold of. Dubai provides a lot of business opportunities and company formation in Dubai could lead business owners to massive success. The eyepopping infrastructure, liberal tax system, freedom for trade, various revenue streams etc makes Dubai an excellent investment platform. Throughout the years, flocks of investors have been rushing in to Dubai, UAE, for investing in various business fields spread across industries such as IT, construction, education, healthcare, cosmetics etc.
For investing in a business, first you need to register the business in Dubai. After registering the company, in order for you to take part in trading activities you need to apply for a valid license. Trade license renewal Dubai is an important factor as it should be done every year. With regular license renewal Dubai, you can do your trading activities without any barriers. If you’re not punctual in renewing the trade license, it can lead to repercussions such as penalties, ban on business, blacklisting, legal proceedings or other concerning issues. Trade license renewal Dubai is under the supervision of Department of Economic Development (DED)and each emirate possess its own processes and procedures. License renewal Dubai can sometimes be a daunting task and it is always best to get the assistance from best business setup companies in Dubai, like Marqueway. Developing the habit of renewing your license a few days prior to its expiry date is highly advisable. By adhering to this practice, you ensure that you remain on the safer side and can operate your business with a sense of peace and tranquility.
Before having a deep knowledge about trade license, it is good to know that the license doesn’t allow any trade expect the ones that is mentioned in the permit. To carry out business in another country or region you need to get another license respective to that place. Also, trade license doesn’t give ownership of any property that the business owner has trade activities going on. Trade license is a document that showcases the legality of your business. This being said, trade license is a very important document in the process of company formation in Dubai and it is also required for you to do timely trade license renewal Dubai.
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Trade license as we know is a mandatory document to company formation in Dubai. It will always be easy to fill up the application if the required documents are ready before the trade license renewal in Dubai process.
The documents required are:
One of the key documents necessary for license renewal Dubai is the tenancy contract. The contract should have an existing validity of at least one month and it should be registered by the Ejari. If the attestation from Ejari is not present on the license then the trade license application could get rejected due to legal norms.
For Trade license renewal in Dubai, the second document that you need is your old trade license as a supporting document. It is not compulsory to present the original document, a copy would just suffice. It is a very important document and without it your application will get refused.
This is a mandatory form that must be filled as part of the application process for license renewal in Dubai. The form must contain signatures from all the business partners and should be submitted to the DED department.
All the individuals involved in the business as a stakeholder should produce the photocopy of their respective passports along with the application of trade license renewal in Dubai.
There are two way you can approach trade license renewal in Dubai, offline as well as online. You can avail any one of these according to your comfort. DED has the final word irrespective of the modus operandi of the application. With the help of business setup companies in Dubai like Marqueway business setup service, the application process will be stress-free and your trade license renewal in Dubai will be done with ease, year after year.
This is also called as general trading license or business license. Commercial License is the commonly issued license for company formation in Dubai. This particular license category pertains to businesses engaged in commercial or trade activities within Dubai, UAE. These activities primarily encompass import and export operations, among others. By obtaining this license type, businesses gain the authorization to engage in various commercial activities, facilitating their involvement in the importation, exportation, and related aspects of trade within the dynamic world of Dubai.
By having this license, the business can avail certain benefits like:
If you are professional with a particular area of expertise then this license is for you. This type of license helps skilled professionals to setup a business in Dubai relating to their sector of choice. This license is mainly granted to businesses that are basically service oriented in nature like healthcare and medical services, accounting, education, beauty salons, management services, IT services, law firms and so much more. It is advised to seek the help of a business setup consultant in Dubai like Marqueway business setup services, because sometimes a business activity could fall under the bracket of both commercial and professional. Top business setup companies in Dubai will guide you through each step and troubleshoot all the doubts that may arise.
Benefits of this professional license in Dubai are:
Businesses that are connected with the production and manufacturing of new products from natural or raw materials are mainly granted the industrial license. Business activities like product manufacturing, food industries, textiles, equipment and engine manufacturing etc. are eligible for this license. The most vital thing business owners should remember before applying for this license is to have physical office, warehouse or industrial complex within Dubai.
Benefits of industrial license in Dubai:
Travel and tourism industry is a business sector that is always on the rise and the prerequisite for a tourism company formation in Dubai is a tourism license. Any activity related to tourism like vacation homes or apartment rentals, outbound and inbound tour operations, travel agencies etc are eligible for tourism license. This license is issue by the Department of tourism and Commerce management (DTCM) and Department of Economic development (DED).
Benefits of tourism license in Dubai: