Any kind of business in Dubai, in whichever category it falls into, needs to have a trade license. Only then it will be considered as a legal business in Dubai. Now, the whole process of getting permission from various government ministries and agencies and then getting a trade license can vary according to the type or category of your business. If you want to know, how to register a company in Dubai, then keeping in mind the business activity, mainly there are three types of trade license. They are:
- Commercial License: Any company which engages itself with any type of trading activity, needs to issue for this license to establish their business.
- Industrial License: Any company which engages itself with any kind of industrial activity or manufacturing, need to issue for this license to establish their business.
- Professional License: Individuals, who are a craftsperson, artisans, professionals, and service providers, need to issue this license to do their business.
The crucial steps you must not miss!
If you are thinking of how to register a company in Dubai, there are some few simple steps which you can follow to register your business in the most hassle-free manner. All the steps are present as follows:
Step 1: You need a local partner or a sponsor first. This step is crucial as you need to be careful about how you choose your partner and what you want them to do for you exactly. There are some things which you can want your partner or sponsor to do,
- You can want your partner to help you to resolve any kind of problem while following the government procedures. Your partner will guide you throughout the entire process.
- You could just want your partner to put their name on the business license that you get.
But no matter what you do, don’t forget to ask for the amount of money you have to pay your partner to work with you and help you.
Wondering how to register a company in Dubai? When it comes to sponsorship or partnership, you have to make sure that you maintain a good relationship with them as it comes very handy and can also help you avoid any potential problem.
Step 2: The next step is to decide a name for your company. After you have decided a name, you need the Department of Economic Development’s (DED) activity approval for your company. You can do it by filling out an application form at the DED.
Step 3: Now, you need to look for space where you will start your business. You need to have a tenancy contract in Dubai as all the business or companies in Dubai should have business premises evidence with the help of the tenancy contract. Without this, you cannot register your business in Dubai.
Step 4: With your partner or sponsor, you need to make the Memorandum of Association and then submit that to the DED. The memorandum can be made by taking the help of any legal firm which can be easily typed out by them.
Step 5: Then you have to submit the memorandum, all the legal documents, license application, and the tenancy contract at the DED. All the fees and charges need to be paid at this point. After following all these steps your company will get registered within a week or so.
All these can be really overwhelming, so it’s best to opt for a professional business consultants in Dubai that will take care of all this!
