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Business license in Dubai
In order to legally run a business organization in any country, there are some requirements that need to be fulfilled. Company registration is one of them while obtaining certain business licenses or permits is another. The same thing applies for doing business in Dubai; one would need a business license based on the type of business they are running. Now before we get into the depths of the requirements of a business license in Dubai, let us understand what a business license is.
Any company that has been established in Dubai as local or foreign, have to have a business license in Dubai to operate legally. This applies for companies established both in the mainland and in the FREE ZONES. A business license is like a company’s permit given by the government of Dubai that allows them to do certain activities. These licenses usually have a validity period of one year after which it needs to be renewed. There is also a small license fee that needs to be paid in order to obtain it.
In Dubai, business licenses can be divided into multiple groups. One of the groups is the one which are often issued without any sort of special restrictions. As long as the business fulfills certain rules of the UAE, the licenses are given out without much of a fuss. A good example of this is entrepreneurs engaging in trading activities with regular consumer goods. This type of business would not require any special clearance. The only requirement here that the authorities look for is that the general manager of the company should have a higher education diploma. On a different note, any kind of medical administration would require various indispensable commitments to be met by the business – proficient capabilities and experience of organization administrator and faculty, certain necessary benchmarks of the premises and hardware, and so on.
Other than the license needed for trading activities, there is also a special type of license needed based on the professional and commercial activities. Professional business license in Dubai is needed for any type of business or individuals who are looking to provide services such as advisory; IT related work, consulting, auditing, bookkeeping, and many more. On the other hand, commercial licenses are issued for activities such as trading, manufacturing, and other similar type of work.
Then again, if your company license is of more in the general category – exchanging with buyer merchandise or hardware, general counseling, and so forth – such ones can be acquired in most of the Free Trade Zones of Dubai. Therefore, while picking unhindered commerce zone for these sorts of exercises, the decision you make would rely upon the cost factor, free zone area, and offices it offers.
There are likewise different perspectives which might be profoundly essential when preparing with business permit in Dubai. Some can be issued just to organizations with 100% responsibility for or GCC natives. There are exercises, which require various earlier endorsements from various UAE Ministries and Authorities.
In terms of renewing your business license, it can be done both online and offline. If the person in question wants to renew his or her business license online then it can be done at the DED eServices. Over there the user has to create an account before proceeding. One can also use the Business in Dubai App to renew their business license. It is available for both IOS and Android.
If somebody wants to renew their business license in Dubai if offline then they can do it at any authorized centers across the whole city of Dubai. Law Firms also provide the services of renewing trade licenses as well as Happiness Lounge. For all foreign investors and companies, along with all the companies located in the Free Zones, a copy of the trade license of the parent company should be provided when going for renewal. Once all the documents have been submitted, the applicant will be provided with a payment voucher or a transaction number. This is important as the applicant may have to refer to this voucher or transaction number for future use. All business licenses in Dubai should be renewed before their expiry date. Failure to do so will result in a fine of AED 200 every month.