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June 18, 2021

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Business Setup in Dubai – Obtains a Commercial Trade License

Business Setup in Dubai - Obtains a Commercial Trade License

Planning for your business setup in Dubai may seem like a daunting task. But if you do enough research, you’ll see that setting up a business is as easy as pie. A quick visit to your Internet or printed media will provide you with all the necessary requirements. In fact, there are several online sources where you can get free information on how to start up a business. If you’re still unclear on the legal angle, here’s a quick rundown of what you need to do:

The next stage of your business setup in Dubai involves registering in the free zone. There are several companies offering complete services to help entrepreneurs achieve their objectives. They have detailed, professional guidance in every step of the process from the filing of the Articles of Association, to the establishment of a company, until it becomes operationally functional. For instance, if you’re interested in doing business in the UAE, they can help you with the FDD Registration process and the Business Operating Agreement.

Before you go crazy, note that to set up a business in Dubai, you need a registered local agent to assist throughout the process. The new investor will have 100% shares of the company, management, and its administration. But a registered agent is also required for a more professional operation of a company formation in Dubai.

Before you go crazy, note that to set up a business in Dubai, you need a registered local agent to assist throughout the process. The new investor will have 100% shares of the company, management, and its administration. But a registered agent is also required for a more professional operation of a company formation in Dubai.

Registration in the free zone is a highly convenient and hassle-free affair. Not only are you offered a professional service but the whole process take place in the comfort of your office or home. You have the choice of selecting either a fixed office space or a share of available office space with a flexible rental term. Registration in the free zone is also fast, convenient and hassle-free.

You will need the assistance of an experienced business setup company to complete your registration in the freezone. He will advise you on the format of your certificate and establish a business presence over the Internet. In order to be granted a commercial license, you will also need to apply for a visa. The process is quite straightforward. You will have to submit necessary documents, including proof of income, identity, residence, or employment and your business needs, to the concerned authorities.

Once your application is approved, you will receive your commercial license. Your business setup in Dubai will not be official until a copy of your final document is delivered to the concerned authorities. The copy of your document will be presented to the concerned authority at his office. A copy of your document is then sent via email to the relevant authorities at the Ministry of Foreign Affairs. You will receive your commercial license at the soonest possible time after the submission of your application.

Your commercial license does not terminate unless you apply for an exit plan and register a new business. It does not matter if your business has been operational for less than one year. If it was registered more than one year ago, you may have to wait for at least one year before applying for its renewal. There is no exit plan that is applicable for UAE nationals who have not registered any companies or offices.

For UAE nationals who have registered their companies and offices, their commercial trade license and their individual passport will serve as their proof of identity. They are allowed to do business independently. A parent company and an authorized representative must be appointed to act on behalf of the parent company. Similarly, all the employees of the business must be authorized by the designated manager and they have to be residents of the emirate.