A trade license is a certification acquired through the concerned judiciary that allows a company to practice its specified business activity under legal authority. In UAE, the Department of Economic Development (DED) is the statuary body that oversees and controls the legalities and procedures of trading licenses along with the institutional support of the Dubai Chamber of Commerce & Industry.
DED (Department of Economic Development) in Dubai has categorized every business under specific activity to help investors incorporate proper business structures on the mainland and start an LLC business in Dubai. Similarly, across all the free zone jurisdictions in UAE, the free zone authorities have a pre-defined list of business activities allowed to obtain a trade license.
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Fundamentally, a professional trade license is issued to service providers, professionals, artisans, and craftsmen in Dubai and all around UAE. While the license allows 100% foreign ownership, 100% profit possession and freedom of operations, a local service agent must be appointed to complete judicial formalities. The license is issued on the basis of academic entitlement as well as professional skills.
Commercial Trade License is issued to companies dealing in the buying and selling of goods, or any other form of commercial activity. General traders or specialized traders can apply for commercial license, engaged in either goods, commodities or even services. The license taker must abide by certain requirements, especially the business activity plan for which the number of goods the company will be allowed to trade in.
All business involved in Industrial and manufacturing activities are required to register for Industrial License to operate in UAE. The license allows the companies to convert or modify natural resources or raw materials through specialized units such as factories, plants or refineries. Due to such characteristics, the company is required to own a physical office space or warehouse within UAE to attain eligibility for Industrial License.
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The procedure and documentation is quite simple and straightforward which involves a systematic process starting from selection of business license, activity, trade name registration, documentation, approvals, pay fees and registers
If you have the subsequent documents after one-year validity of Trade License, you can further extend it to a four-year term. Depending on the type of business, permissions will be required from DED and other regulatory bodies based on the following:
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