TRADE LICENSE PROCESS

One thing making PRO24 Consulting truly unique is our ability to work with each client where they are — whether it is a physical location or where they are in their growth cycle.

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We have the audacity to believe that each and every business can achieve their full potential, making a difference in our community and the world. This belief allows PRO24 to witness many amazing moments. It is a true privilege to be a part of your growth and evolution taking place right before our eyes.

That’s why we’ve made our service offerings very transparent and here is a brief outline of how you can obtain a trade license in minimal time so your business can get started right here in the UAE

As an aspiring business owner of any category you must have a Business (Trade) License in Dubai.
Various agencies requires different Trade License and permissions from government ministries depending on the category of the business.

This means some types of businesses such as financial services, health services, printing and publishing, food trading require more clearances than say a general trading business.

The following links will help you check business activities and licences registered to practice business in the UAE.

N/B – The truth is getting the attention of those ministries is a tall order before getting approved times goes by and you need to be able to maximise your time to be more productive .. At PRO24 we help speed up the process get in touch to get started

The following links will help you check business activities and licences registered to practice business in the UAE.

N/B – The truth is getting the attention of those ministries is a tall order before getting approved times goes by and you need to be able to maximise your time to be more productive .. At PRO24 we help speed up the process get in touch to get started

There are basically 3 categories of licenses issued in Dubai

The nature of the activity a new business startup plans to undertake,
determines which one of these license categories will be issued:

Commercial License

to be issued to a company that will engage in any kind of trading activity.

Industrial License

to be issued to a company that will engage in manufacturing or any industrial activity.

Professional License

to be issued to service providers, professionals, artisans, and craftsmen.

The Department of Economic Development (DED), Dubai is the government agency responsible for issuing these licenses for Dubai. The department operates from several locations delivering the licensing services.

Requirements for business licensing

Dubai company register: Business registration approval process

  • Issuance of licenses for banks and other financial institutions must have the approval of the UAE Central Bank
  • Issuance of licenses for manufacturing companies must have the approval of the Finance and Industry Ministry.
  • Issuance of licenses for companies engaged in insurance and other similar firms must have the approval of the Ministry of Economy and Commerce, UAE.
  • Issuance of licenses for medical and pharmaceutical products must have the approval of the UAE Health Ministry
  • For companies engaged in gas or oil production, additional endorsements and approvals from other government agencies may be needed
  • In general, business registration in Dubai must have the involvement of the Dubai Chamber of Commerce and Industry

Requirements for business ownership

Every company set up in Dubai or elsewhere in the UAE is required to have no less than fifty-one percent (51%) shareholding of UAE nationals.

The exception to this requirement would be any one of the following seven 7 conditions:

  1. The company is established at any of the Free Zones in Dubai.
  2. In cases where the law requires 100% local ownership.
  3. Where a company wholly owned by the Gulf Cooperation Council (GCC) enters into a partnership with another company wholly owned by UAE nationals.
  4. In certain activities 100% ownership for GCC nationals or entities is permitted.
  5. In artisan or professional companies in which total foreign ownership is allowed.
  6. In the case of a foreign entity registering a representative or branch office in the UAE.
  7. In the case where a professional license is being applied for crafts e.g. architect, doctor, artist and others, the foreign ownership can be 100%. However a local national must be taken as service agent.

Requirements for business licensing

Dubai company register: Business registration approval process

  • Issuance of licenses for banks and other financial institutions must have the approval of the UAE Central Bank
  • Issuance of licenses for manufacturing companies must have the approval of the Finance and Industry Ministry.
  • Issuance of licenses for companies engaged in insurance and other similar firms must have the approval of the Ministry of Economy and Commerce, UAE.
  • Issuance of licenses for medical and pharmaceutical products must have the approval of the UAE Health Ministry
  • For companies engaged in gas or oil production, additional endorsements and approvals from other government agencies may be needed
  • In general, business registration in Dubai must have the involvement of the Dubai Chamber of Commerce and Industry

Requirements for business ownership

Every company set up in Dubai or elsewhere in the UAE is required to have no less than fifty-one percent (51%) shareholding of UAE nationals.

The exception to this requirement would be any one of the following seven 7 conditions:

  1. The company is established at any of the Free Zones in Dubai.
  2. In cases where the law requires 100% local ownership.
  3. Where a company wholly owned by the Gulf Cooperation Council (GCC) enters into a partnership with another company wholly owned by UAE nationals.
  4. In certain activities 100% ownership for GCC nationals or entities is permitted.
  5. In artisan or professional companies in which total foreign ownership is allowed.
  6. In the case of a foreign entity registering a representative or branch office in the UAE.
  7. In the case where a professional license is being applied for crafts e.g. architect, doctor, artist and others, the foreign ownership can be 100%. However a local national must be taken as service agent.

Legal business structures

A major consideration in business registration in Dubai and the other Emirates is the choice of a business structure.
The Federal Law defines the seven legal structures of business organizations, as follows:

General Partnership

l

Partnership in Commendams

Public Shareholding

Private Shareholding

Joint Venture

Share Partnership

Limited Liability

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Establishment of a Representative or Branch Office

A branch in Dubai or a representative office of a foreign entity is allowed to be 100% foreign owned. This privilege is given on the condition that a local agent is appointed. Said local agent must be a UAE national (or a company 100% owned by UAE nationals).

Setting up a representative or branch office in Dubai may also be a consideration worth looking into as far as some foreign entities are concerned.

The business registration in Dubai for this option is covered by the Commercial Companies Law.

Based on the foregoing facts and details, it is evident that Dubai company registration and elsewhere in the UAE is a process completely free of any complication.

Dubai Company Registration Procedure

Step 1

Decide who will be your UAE national partner – “Sponsor” This steps requires careful consideration of what services would you expect from the Sponsor. Would you like him to be assisting you in resolving your problem with the government procedures or would you just want his name on the license and nothing else? What fees are you prepared to pay per year? A good rapport with your Sponsor prevents many potential problems.

Step 2

Get a name and activity approval from Department of Economic Development (DED)
This can be applied for and done on a standard application form and submitted at DED

Step 3

Look for business premises and make a tenancy contract
All businesses in Dubai must have business premises evidenced by a tenancy contract in order to get registered.

Step 4

Make a Memorandum of Association (MOA) with the Sponsor and submit to DED
Any legal firm can type out the memorandum which must specify the special arrangements of running the business, ownership percentage amongst all partners, and their profit sharing arrangements. This agreement should be notarized in the Dubai court.

Step 5

Submit the MOA and the License application at DED along with the required legal documents and the tenancy contract.
All charges and fees must be paid at this stage. You should get a license after about a week from step 5.
We’ve taken or time to outline and explain the process involved in getting your business start up up and runing but the truth is the process is very tedious and time consuming At PRO24 we take away the stress and speed up the process fill out the contact us from and have us contact you

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Client's Feedback

Meike

"My experiences with PRO24 are very satisfactory. PRO24 is efficient, on the ball, knowledgeable and well connected. The services provided are of a high standard and the staff is very pleasant to work with. as such, I would highly recommend pro24 to anyone in need of pro services."

Nishit H Ambalia

"I really found your website amazing. Can i have more details."

Send Feedback

9 + 8 =