Dubai is a widely business capital of the Middle East. The industry, trade, economic, sectors have seen significant growth in the past two decades. The business formation procedure in Dubai is valid and the very crucial part is getting a business license Dubai to run a business in Dubai. If you looking to get a business license then you can contact Start Any Business consultants who will definitely help you throughout the entire procedure. Here we mentioned a complete guide on obtaining a business license that will help you to understand the vital needs.
In Dubai, securing a business license isn’t just a
formality but also a prerequisite. The authorization setting up the nature of
your business and sets up the legitimacy of your company. However, this license
is costly, this comes with its packages of incentives and privileges.
Business License in Dubai
A business license is a very crucial aspect of company formation in Dubai. the processes included in getting a
business license in Dubai contain finishing different official formalities. The
very crucial is to get approval from relevant government authorities such as
the Department of Economic Development and submit the necessary documents.
These processes are very straightforward but can be
confusing based on the business activity and business jurisdiction. Also, a
first-time investor can figure out it is a bit difficult to complete the task
without outside help. One false step or improper documentation can also cost
you valuable time.
Business setup consultant in Dubai have experience in helping SMEs and
established business groups. They provide their clients with precise guidance
about the license you need to apply for depends on specific business activity.
Why Do You Need a Business License in Dubai to Do Business
A business license in Dubai offers an identity to
the company. A business license is a document that validates your company as a
legal entity. Business licenses are allocated to companies to maintain
accountability of the business activities in the sector. This also grades,
secures, and protects the companies’ proceedings interest.
If you want to do business legally as a company,
obtaining a business license is important. Business licenses make sure that
your company is regulated according to UAE commercial companies law. Moreover,
keeping a business license in Dubai permits you to conduct business
independently and according to the regulations imposed by the government
authorities.
Types of Business License in Dubai
The types of business license in Dubai are based on
the nature of the business activity in Dubai:
·
Commercial License
A commercial license in Dubai is compulsory for any
business setup whose purpose is to sell or purchase goods. This license is
required to operate trading inside and outside of Dubai. There are several
business activities that utilize a valid commercial business license in Dubai.
·
Industrial License
An industrial license in Dubai is necessary for all
business setups undertaking industry-oriented initiatives in the emirate. Some
of the major business activities that utilize industrial business licenses in
Dubai are the oil and petroleum industry, aluminum manufacture, and more. The
Department of Economic Development is the single authority in the UAE to issue
an industrial business license.
·
Professional License
Professional license is another kind of business
license in Dubai, which is issued to a person who is proficient in a special
professional and practice the same profession to earn revenue. Professional
licenses are also needed for services-focused companies. This license is
compulsory for all services-oriented firms such as accounting firms,
consultancy services, lawyers, teachers, and business-oriented such as
carpentry and more.
·
Tourism License
Dubai is one of the most sought-after tourism
destinations in the world and its importance as a travel center is increasing
day by day. Most of the credits go to its excellent infrastructure and better
connectivity. The business setup that conducts in the travel field needs to
have a tourism license in Dubai.
If you are looking to getting a business license in
Dubai you can get in touch with the Business setup consultants in Dubai .
Start Any Business consultants will provide you complete assistance and
guidance on obtaining a business license.
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