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What is The Procedure for Obtaining DED Trade License in Dubai?

• Publicado por Harold Hary 19 de março de 2022 - Arquivado em Tecnologia - #DED trade license in Dubai  #DED license renewal  - 9 visualizações

  Starting a business setup in Dubai is the dream of every businessman and entrepreneur. This dream does not stop here, most of the investors or businessmen want to invest in an already running company or business to get maximum profits. Having your Trade license in Dubai is the most important and crucial step towards the successful start of your business in Dubai. The business setup program of Dubai has a variety of options to choose from. You can select a Mainland Company or a free zone company in Dubai as per the nature of your business’s product, company, and service you provide. This is not it; you also have an opportunity to open an offshore company in Dubai. DED trade license in Dubai is the first brick towards your established business empire in Dubai.

  What does a DED license have to offer?

  DED means the Department of Economic Development is the main unit for getting approval to start any sort of business activity whether it is commercial, professional, or industrial. If your get your DED license it means now you are allowed to make good use of business activities which is allowed in your given license. They give you a license after confirming all the authentications of your application which has been submitted to DED for initiating your business in Dubai.

  Types of licenses in Dubai:

  As we discussed above, you may have various options to choose from the type of license. As per UAE business law, you have to acquire a license that suits the best for the nature and entity related to business activities in Dubai. The name of those license categories are as follows:

  • Commercial License: this allows you to perform a vast variety of all sorts of trading activities.
  • Professional license: this license allows you to perform business that is solely dependent upon you, your skill or service.
  • Industrial license: this license gives you permission to perform business activities on large scale or you can manufacture your products for wholesale or import-export purposes as well.

  What is the procedure to get your DED Trade License in Dubai?

  Registration of Trade license is the most sensitive step to initiate your dream to kick start. But it could be a bit difficult to perform all alone without any professional’s help or guidance. Being a foreigner or non-native of their language and legal application’s requirement, you must consult the best business setup company who offer their professionals and expert services, in order to deal with the whole process of getting your trade license in Dubai. following are the basic steps that are required to get your trade license from DED in Dubai:

  1. Get the permission of the business entity: the first and foremost step is to select the license you want for your venture. Amongst three options of trading Licenses in Dubai.
  2. Consult or hand-pick your business activity: you must know and finalize what business activities you want to perform under this license. You can consult a business setup company if you are not able to differentiate the business activity of your plan.
  3. Select the name of your business: decide the name of your company or business by keeping in mind the long-term impact of your company’s name on your business. Your name must be unique and according to the economic department of Dubai.
  4. Pick out your business’s local sponsor:
     Choose your business sponsor and determine the duties or responsibilities that your partner is going to perform in your business.
  5. Open up your bank account: it is necessary to open your bank account in Dubai for you’re all the transactions as per the economic department. You should select a bank as per your business structure or needs. Selecting a bank that gives high-quality services with long-run benefits is best to choose for your company’s account.
  6. Submit your application: After completing the above steps, now you are good to go for your application submission in the department of economic development for getting your trade license in Dubai.

  Can I renew my License?

  Yes, your DED trade license is renewable. And every business owner must keep it renewed after a year. The DED license renewal procedure is simple and easy you only have to fill-up the form for renewal attaches your expired license and they will issue you the new one.
  Trading without a valid license in Dubai is 100% illegal and brings out disastrous consequences.

  We can offer you professional and hassle-free services for getting your Trade license, application submission, or renewal of your trading license. So, you must not go any further than us for expert advice and consultancy at affordable rates.