29 Apr Trade license in Dubai
We all know that it is now faster and easier to start establishing investment companies in Dubai than ever before. Therefore, and in line with the expansion of the Department of Economic Development that is taking place in Dubai to help company owners expand their business without the need for lengthy and complex processes and procedures, we have established in Dubai two bodies for licensing investment companies and obtaining a trade license in Dubai, and they are (the Department of Economic Development). Establishments in general and investment companies inside Dubai, and also next to the Department of Economic Development, there are (more than 20 free zones). Both sides inside Dubai and in the free zones provide multiple and different advantages for the owners of economic and investment establishments according to the type of economic establishment and its activities, whether commercial, professional or industrial.
It must be registered with the Department of Economic Development concerned or competent with the registration and licensing of investment institutions and companies or other types of other companies in the Emirate of Dubai in the event of establishing a new investment company or establishing an establishment. To review the details of obtaining a commercial license.
How to obtain a trade license in Dubai:
In order to obtain a trade license and extract it, it is necessary to go through several stages when establishing the relevant commercial activity or when establishing the commercial company in Dubai, which are also steps related to the establishment of companies in Dubai in general, or the establishment of commercial companies in Jebel Ali or the establishment of companies in the free zone. These steps are to determine the nature of the activity The company, then determining the legal form of the company, then registering the trade name, then obtaining the initial approval, then concluding the contract, choosing a location for the work that the company carries out, then after that approval from the authorities concerned with the activity of the establishment, then finally obtaining the license, and we will explain these steps in detail:
First: Determine the nature of the company’s activity:
Determining the activity of the company to be established is one of the most important conditions for obtaining a commercial license in Dubai. One of the most important procedures imposed by the UAE law for establishing companies in Dubai is determining the activity of the company to be established, and this works to facilitate the procedures. We also determine after that who are the parties associated with the activity and the permitted legal forms. with it.
Second: Determine the legal form of the company:
The legal form of the new company to be established is also one of the conditions for obtaining a commercial license in Dubai. This form depends on the nationality of its owners, and the type of company that you are establishing in Dubai, and they are as follows:
- Solidarity companies.
- Limited liability companies.
- Public joint stock companies.
- Private joint stock companies.
- Civil works companies.
Third: Trade Name Registration:
The trade name in establishing a company in Dubai is what distinguishes one commercial license from another. Also, the name is related to the form and activity of the company, and this is achieved by several important conditions that are stipulated and applied by the Department of Economic Development, the special authority for registering commercial activities and establishing investment companies in Dubai, provided that the trade name does not contain inappropriate words, It should not violate public taste, regulations and laws in the country, and the name of the company should accurately and clearly reflect the commercial activity.
Fourth: Obtaining the initial approval:
The fourth step in issuing a commercial license comes as an essential step for establishing a company in Dubai, after defining the activity. legal form, and register its trade name, You must obtain the initial approval of your economic activity for the company until we obtain some of the procedures for establishing the company to obtain the license, and you must follow up in order to obtain the approval of the authorities related to the activity.
Fifth: Preparing the Memorandum of Association and choosing a location for your business
Convening or preparing the contract for the incorporation of a company in Jebel Ali In Dubai or the free zone, bring the Memorandum of Association in agreement between you and the competent authorities. You must also choose a distinguished location for the establishment of the company in Jebel Ali or the establishment of an investment company in the Emirates to conduct your business. For all the established companies and for the necessity of obtaining the license, they must have an existing physical address located in the UAE , And that this headquarters fulfills the requirements and land allocation regulations before.
Sixth: Obtaining the approvals of the authorities concerned with the activity of the establishment
Finally, some activities and projects require obtaining additional approvals from the competent authorities organizing these projects and activities, such as approval from the Ministry of Economy, competent approval from the Ministry of Interior, competent approval of the justice, Or from the civil defense, if the activity, for example, is related to firefighting activities, selling its equipment, etc…
Seventh: obtaining a license
After completing all the previous steps to prepare and establish an investment company, you can receive the license for the activity for which the company is to be established, whether it is a commercial, professional, or industrial activity, after attaching some of the required documents, as well as the steps for economic development, and paying the commercial license fees for the establishment of the company, and then registration takes place. In the Chamber of Commerce as a member.
How to renew a trade license in Dubai:-
The commercial license in Dubai can be renewed automatically, or by sending a text message containing the license number to 6969, or by combining the two steps to renew the commercial license in the Emirates or in Dubai into one step.
Automatic renewal
The Deputy Executive Director of the Licensing and Commercial Registration Sector in Dubai stated, that the automatic renewal of commercial licenses, It is considered one of Dubai Economy’s initiatives for the sustainability of commercial companies, with the aim of reducing the journey of the customer to renew the license to reach his goal. Pointing out that the initiative was based on the automatic renewal of commercial licenses. This is done by sending the payment authorization via text messages to the license holder, or to the facility manager, registered in the system with Dubai Economy, This is before the commercial license expires. This is to avoid delaying fines.
Text message
He also explained that the investor can also, through this initiative, renew the license in two steps only by sending a text message containing the number of the license to be renewed to 6969. Where the payment authorization is sent in a text message, In the event of the validity of the lease of the license site, From this, the customer can pay the fees at any of the manual or electronic payment outlets, This can be done through the link provided in the text message.
One step
This is by sending a text message to the customer, It contains the payment authorization in case the company’s lease contract (license location) comes into force when the license renewal date comes, After that, the license holder pays directly through the various payment outlets approved in Dubai. preferred by the customer, This leads to enhancing the implementation of Dubai Economy with its obligations due to the facilitation for its dealers. And provide a climate for them and helps investors to grow and develop.
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