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Amer Platinum
FREQUENTLY ASKED QUESTIONS
What are the steps to register a trade license in Dubai?
Registering a trade license in Dubai involves several key steps:
- Get Required Permission:Obtain permission from relevant authorities based on your business activity type.
- Select a Business Activity:Decide on the specific business activities you plan to undertake.
- Choose a Local Sponsor:Select a local partner to fulfill UAE legal requirements.
- Select a Legal Form or Structure:Choose the appropriate legal structure for your business.
- Reserve Trade Name:Register your business name with the Dubai Economic Department (DED).
- Apply for Initial Approval:Submit initial approval documents to DED.
- Get External Approvals:Obtain any additional approvals from relevant authorities, if required.
- Rent an Office:Secure an office space and make a tenancy contract.
- Get EJARI for the Office:Register your tenancy contract with the Real Estate Regulatory Authority (RERA).
- Submit Important Documents:Provide all necessary documents to DED for final approval.
Make Relevant Payments: Pay the required fees to receive your business license
What are the main types of trade licenses available in the UAE?
There are three main types of trade licenses in the UAE:
- Commercial License:For trading activities.
- Professional License:For professional services, artisans, and craftsmen.
Industrial License: For manufacturing and industrial activities.
What is the penalty for not renewing my trade license on time?
If your trade license is not renewed, a fine of AED 200 will be applied for each month of delay.
What are the partnership limits for different company types?
- Limited Liability Company (LLC):Minimum of 2 partners, maximum of 50.
- Private Joint-Stock Company:Requires at least 3 founders.
- Public Joint-Stock Company:Allows an unlimited number of partners through a shares system.
- Sole Proprietorship:Only 1 owner.
- Civil Works & Partnership Companies:Must have 2 or more partners.
What types of activities can I conduct under the General Trading license?
A General Trading license allows you to trade various goods, products, and merchandise as per the Activities Classification Guide. Some activities may require additional approvals from relevant government authorities.
Can my Local Service Agent (LSA) be from an Emirate other than Dubai if my company is based in Dubai?
Yes, your Local Service Agent can be from any Emirate, even if your company is located in Dubai.
Is there a limit to the number of trade licenses I can own in the UAE?
There is no restriction on the number of trade licenses that UAE nationals, residents, and GCC nationals can hold.
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