Are you looking for industrial business in Dubai/ then you must have proper and complete documents to get your industrial licence in Dubai. Dubai is known for its active business environment and strategic location and is a center for numerous industries including industrial and manufacturing enterprises. In this blog, you will get to know about what is an industrial license, the documents required for gaining an industrial licence in Dubai, and the process of registering for an industrial license.
What is an industrial licence in Dubai?
An industrial license is issued to industrial businesses under which numerous activities come such as segregation, production, collection, packaging, etc.Â
Industrial License Registration Procedure Dubai
Below you will find out the steps for registering your industrial licence in Dubai.
Step 1: get initial approvalÂ
Before forming your industry business or making any changes to your existing factory it is necessary to get initial approval from the relevant authorities.
Step 2: Submission of applicationÂ
After you get your initial approval you can move to the next step where you have to submit your application for gaining the industrial licence in Dubai to the Department of Economic Development (DED).
Step 3: processing timeÂ
The processing time for the license application is roughly three months during which the DED reviews the application and forms a decision.
Step 4: Approval of applicationÂ
When the decision is made you get the notification of your application being approved from the DED. This notification you get within 15 days.
Step 5: permissions from the municipalityÂ
If your projects include construction or any physical alteration you have to get former permission from the Dubai Municipality.
Step 6:Â get additional approvals
According to your industry, you might need to get additional approvals from other ministries and agencies.
Step 7: final approvalÂ
If the needed documents and requirements are in accordance then the final and confirmed Industrial license approval will be issued within two weeks.
Required Documents for industrial license in Dubai
Below you will see the documents that are needed to get your industrial licence in Dubia.
A detailed reportÂ
A complete report documenting the industry involving the company plan, manufacturing expenses, objectives, capital expenditure, production equipment, and financing sourcing. Non-citizen people have to give residence and passport copies.
Feasibility studyÂ
A feasibility study showcases an outline of the existence and profitability of the presented industrial project.
Partnership contractÂ
A partnership contract is needed this is applicable for partnership firms.
Get approval from the applicable authorities
Get approvals from the Ministry of Environment, Ministry of Health, National Media Council, and the other applicable organizations or ministries that are needed.
Copy of balance sheetÂ
A copy of your balance sheet is needed for financial verification.
ConclusionÂ
Getting an industrial licence in Dubai is a strategic step for investors and entrepreneurs who want to form and grow their industrial businesses in this energetic and competitive market. Ease your every step of business formation with the prominent Arab Business Consultant who understands the eligibility criteria, ensuring ongoing compliance with continuous requirements. We aim to navigate you through all the complexities while forming your business in Dubai.
FAQS ( Frequently Asked Questions )
Q1. What are the three types of business licenses in the UAE?
A1. The three types of business licenses in the UAE are as follows:
- CommercialÂ
- ProfessionalÂ
- IndustrialÂ
Q2. What are the four fundamental types of business
A2. The four fundamental types of business are as follows:
- Partnership
- Sole proprietorship
- CorporationÂ
- Limited liability corporation (LLC)
Q3. Can an Indian open a business in UAE?
A3. Yes, an Indian can open a business in the UAE if they get the proper permits and licenses.
Q4. Which business is best to start in Dubai?
A4. The best businesses to start in Dubai are as follows:
- Real Estate DevelopmentÂ
- Tourism and hospitality
- Health and wellness
- Education and trainingÂ
- Event managementÂ
- Renewable energy
Q5. Which business is growing in Dubai?
A5. The Real Estate business is growing rapidly in Dubai
