Business license in Dubai

 If you are planning to start up a business in Dubai then the time to learn about Dubai as well as the license process in Dubai.

Why you want to start a business in Dubai?

Dubai is the finest city among other part of Emirates to introduce a small, medium or large scale business in free zones. Dubai offers you an excellent open market with no tax in free zones exclusively for the business people. These free zones acts as the special economic zones have their own rules and regulation based on the business type.

Dubai city has gained their reputation of a leading trading unit in UAE, providing to prime business places and an environment that is not much restrictive. It offers a foreign market for the International businessmen in most expanding operating conditions, tax free, asset protection, complete privacy and security and limited liability on setting up a business in Dubai. The tax haven also offers tremendous promise to overseas companies as:

• Best growth trajectory and unique policies of liberalization
• Prosperous market located in one of the world’s richest regions that is diversified and offers wide opportunities to traders
• No trade barriers, quotas, exchange controls or else simply said as an open market
• High accessibility through air/water around 90 airlines and 170 shipping lines

For every business in Dubai must have their license based on UAE government legal policies. Basically there exist some common licenses for the type of businesses in UAE such as:

• Commercial Licenses – Includes all kinds of trading activity
• Industrial Licenses    – It is used for manufacturing or an industrial activity
• Professional Licenses – Includes non-commercial activities like Encompassing Artisans,    Craftsmen, Professions and Services

Here are the legal procedures to do business in Dubai:

When the decision for the company formation is done including finance requirements along with the company name details then the following steps have to be made:

1. Simply submit your proposed company name details and registration application to the Department of Economic Development (DED)
2. You need to get the company’s Memorandum of Association(MOA) in DED Notarized
3. From the Chamber of Commerce and Industry to get trade license through the file documents of the company with DED
4. You have to create a name board
5. Submit the application at the Ministry of Labor for Establishment for approval letter
6. The Ministry of Labor and General Authority for Pension and Social Security must ensure the registration of native workers

These are the basic details about the Business license in Dubai and also the business setup in Dubai.