Trade License Formation

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Trade License Formation

At Stratrich Consulting, we pave the way for your business success in the UAE. Navigating the intricacies of licensing? Let us guide you. 
One of the fundamental requirements for conducting business in the UAE is obtaining a trade license. Whether you’re a local or foreign investor, obtaining and maintaining a trade license is crucial.
A trade license, also known as a commercial license, is an official document issued by the government of the UAE that allows individuals or entities to legally conduct business activities within the country. It acts as a legal permit and serves as evidence that a business complies with all the necessary regulations and standards.

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    Types of Trade Licenses in the UAE
    There are several types of trade licenses tailored to different business activities:

    1. Commercial License:
    It is the most common type of trade license it is issued to businesses engaged in trading activities such as buying and selling of goods.

    2. Industrial License:
    If your business involves manufacturing or industrial activities, you’ll need an industrial license.

    3. Professional License:
    For individuals or companies providing professional services like consultancy, healthcare, or legal services, a professional license is required.

    4. Tourism License:
    Businesses operating in the tourism sector, such as travel agencies and hotels.

    5. Freelancer Permit:
    If you’re a sole practitioner or freelancer, you can obtain a freelancer permit to legally provide services.

    6. Branch or Representative Office License:

    For foreign companies looking to establish a presence in the UAE, a branch or representative office license is necessary.

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    The Trade License Application Process

    The process of obtaining a trade license in the UAE can vary slightly depending on the emirate in which you plan to operate. With our expertise in this domain, we’ll guide you seamlessly through the trade license acquisition process. The general steps are as follows:
     

    1. Choose a Business Activity:
    Clearly define the nature of your business activity and choose the appropriate license type.

    2. Select a Business Structure:
    Decide whether you want to set up as a sole proprietorship, partnership, limited liability company (LLC), or other business structure.

    3. Trade Name Approval:
    Choose a unique trade name for your business and get it approved by the relevant authorities.

    4. Submit Required Documents:
    Prepare the necessary documents, which typically include a business plan, lease agreement, and passport copies of shareholders or partners.

    5. Apply for Initial Approval:
    Submit your application for initial approval to the Department of Economic Development (DED) in the respective emirate.

    6. Legal Formalities:
    Complete any additional legal requirements, such as obtaining approvals from specific ministries or government bodies if your business activity requires it.

    7. Pay Fees:
    Pay the required fees, which vary based on the license type and location.

    8. Receive License:
    Once all approvals and payments are processed, you’ll receive your trade license.