Commercial License
The Commercial Trade License is issued to those who are into commercial trading. It covers a limited number of products and services that are specified on the license and it is less restrictive than the General Trading License, which includes everything other than cars, software and office equipment (which must be traded with a Commercial License).
Dubai Economy has a business setup company registration process that has been simplified to an extent, especially when it comes to foreign entrepreneurs. Now, companies incorporated in the emirate are free to set up their operations with 100% foreign ownership. If a company is into commercial activities, then 1,000 activities have been categorised under Economic Zones and Free Trade Zones. However, if your proposed business does not fall under economically empowered zones, then you will need to engage the services of an experienced business setup consultant who can help you determine if your company is eligible for 100% foreign ownership or not.
Activities Licensed for Commercial Trade :
In the United Arab Emirates, a few of the activities listed below call for a commercial trade license.
- Automobiles
- Computer Systems and Communication Equipment
- Contracting
- Foodstuffs
- Medical and Surgical Equipment
- Readymade Garments
-
Construction business
-
Food stuff trading
-
General trading
-
Travel and tourism
-
Restaurant
Commercial Trade License Benefits
The process for obtaining a commercial trade license in Dubai
The first step is to choose a practical name for your company. It may happen that the name you have in mind has already been registered by someone else, so it is a good idea to run a search to see if it’s available. You can then register a company under this trade name with the help of a business setup consultant. This requires drawing up the Memorandum of Association/Articles of Association and getting them registered.
The next step after deciding on a business activity is to get a Dubai Commercial License for your company, paying the fees. Again, these vary depending on the number of business activities included in the Commercial Trade License for your establishment and also on the type of company. A rule of thumb is that the more business partners you have, the higher the costs. Likewise, having more activities included in the Commercial Trade License increases costs. There are no hard and fast rules to how much a Commercial Trade License costs in Dubai or elsewhere in the UAE. However, a business setup consultant can help you determine how much it would cost for your proposed company to get started with its own Commercial Trade License.
Why Promize Zone Consultancy
At Promize Zone Management Consultant, we believe that the best business setup consultant in Dubai listens to you and your needs, advising you on company formation. We take the time to understand your vision for your business and help you formulate a plan for its growth. We work closely with our in-house team of legal experts and company formation in Dubai to ensure that everything is done just the way it should be. At Promize Zone Consultant, we pay extreme attention to detail, because we know that it is the small details that make up the larger picture!