A business license in Dubai is an authorization provided by the Department of Economic Development that allows individuals to set up, own and operate their own business venture. All companies and businesses must obtain a Commercial License In Dubai before they can begin operations. Commercial License, also popularly known as Trade License, is the primary requirement for any business activity. A Dubai Mainland Commercial License gives the investor the option to trade in the market without restrictions. Also, Company can conduct business activities in any location of UAE with this license.
Benefits of having the commercial license in Dubai
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It allows you to perform specific business activities
Firstly, each trade license has its category and scope, so you must choose your request on the type of business. So, this ensures that you have legal permission to perform your business activities and operate legally in Dubai.
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Rent an office space
Having a commercial license in Dubai lets you rent an office space and meet potential clients with ease. As well, you can start looking for a suitable location right away once you have your trade license with you. So it won’t take long before you get settled down in your new office and start generating profits from your business venture.
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It permits you to hire employees
Most importantly, once you have obtained your trade license, you are now allowed to hire employees. Those can help run your business smoothly and increase its productivity level at the same time. Also, with a strong workforce, it will be easier for you to accomplish all the tasks needed for your growth and expansion.
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Access to Government Support
Also, as an entrepreneur, you get access to government support such as participation in exhibitions, fairs, etc., with your company’s commercial license.
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Access to UAE Market
A trade license permits you to sell your products or services in the UAE market and export goods from Dubai to other countries.
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Tax benefits
Lastly, In the case of operating a free zone company, the tax benefits are more. The rates of VAT are meager, and there are no local taxes. And, In general, there is no tax on the income of a business.
Services that you can perform under Commercial License
In fact, The Commercial License is a mandatory requirement for all companies that wish to conduct business activities in the UAE. There are various commercial licenses issued by the Ministry of Economic or the Department of Economic Development in each emirate. So, some of the activities that you can perform with Dubai commercial license are:
- Rental Business
- Real estate
- Logistics
- Trading
- Exchanges and financial services
- Import and export
- Travel and tourism
Documents required to apply for commercial licenses in Dubai
- Copy of stakeholder’s passport
- Land lease contract for the site if sanctioned
- Sponsors MOA
- License Fee proof
- Lease contract connected with registered address
- Filled application form
- Evidence of financial support
How to get the commercial license in Dubai?
Getting a Commercial License in Dubai is an arduous task because you have to deal with a lot of paperwork. And if you did something wrong with the process, the request may rejected. To keep away from this, you can take the help of experts. With Start Any Business UAE on your side, you’ll have a much easier time getting the licenses and permits you need to start or expand your business. Start Any Business UAE is a Business Setup Consultants in Dubai that helps companies obtains commercial consent.
We’re proud to say that we’ve been able to foster relationships with local businesses in Dubai to make the process as smooth as possible. Through our connections and expertise, you can set up your business in a way that saves time and money. We tailor our services to your needs, so whether you want help with the logistics of setting up a shop or need assistance with getting licensed, we’re here for you. Start Any Business UAE understand what it takes to get started here and make sure that everything goes as smoothly as possible.
Source : thetechbizz
