Trade License in Dubai is one of the most important documents required by the government of Dubai. This document is issued by the Dubai Emigration & Immigration Department after checking the eligibility of the applicant. If you have been a permanent resident of the United States or any other foreign country and want to visit Dubai, you need a visa for the same. However, if you are a non-immigrant yet wish to visit the city, you need a Trade License. This document helps in doing so.
If you own multiple commercial activities in different sectors then only a general commercial license covers it all. The activities covered by a general commercial license include import, export, or trading of commercial products or services such as clothing, furniture, electronic equipment, cars, etc. A number of documents are required to process a commercial license. A commercial license is required from the government authorities. Government authorities require a three dimensional record of the goods that are being imported or exported. In addition to this, the records have to be filed electronically with the Dubai government authorities.
There are many reasons why a commercial license is important. First of all, if you want to open a new business activity in Dubai, you need to get a license to do so. Secondly, if you want to change your existing business location or expand your existing business, you also need a license for that. Finally, if you want to start a new business in Dubai, you need to get a license for that as well.
Obtaining a trade license in Dubai starts with submitting an application to the relevant government authority. The application consists of detailed information about your business activities, capital and expenditure, and trading name. After receiving the application, the concerned department officer reviews it and gives you an initial approval. If everything is fine with the initial approval, the license is issued to you. If there are some deficiencies in your documents, you may be asked to submit new documents until you obtain the final approval.
Every business license in Dubai comes with several conditions. In order to get a commercial license in Dubai, you have to ensure that you meet these conditions. For example, you have to ensure that you have a copy of your registration certificate and the VAT number of your country. You also need to present an original signed contract between the trader and the emirate government. These contracts help you prove that your business activities take place in accordance to the law of the emirate.
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Another condition is that you have to submit a letter from your local sponsor. This is known as the MAA (Ministry of Economic Affairs) Memorandum of Association. Your local sponsor is the one who has granted the permission for you to trade. The MoA should state all the details about your business, such as the nature of your business activities and the contact information.
After your application has been approved, the next step in the licensing procedures is to present the certificate of your business activities to the local customs department. The customs department will verify the documents and make sure that they fit the definition of a valid business activity in Dubai. They will also ask you a few questions related to the type of goods that you want to trade in. These questions help them to determine whether the business licenses you presented qualify or not.
The third and final step in the process is to submit your application for a business license in Dubai. This can usually be done through the local Dubai Holding Company (DHC). Once you receive a business license in Dubai, you can operate the said company at a single location. However, you still have to comply with all the laws of the country. You can request a copy of the entire commercial property rental agreement so you know what you’re agreeing to.
