Types of Business Licenses in Dubai - an in depth View

Dubai - a worldwide city, a land of opportunities, cosmopolitan culture! Dubai is a beautiful destination for several individuals and businesses from other countries because it offers incredibly favorable conditions for business operations with high prospects of growth. it's not only appealing to companies and entrepreneurs, but tourists and shopping enthusiasts also find it equally attractive. Due to these factors, many businesses and entrepreneurs shall find out their business within the city. The entrepreneurs must follow the legal process of registering their company and obtaining a business license. During this article, we discuss the licensing options available to businesses in Dubai. There are three main sorts of business licenses available within the UAE.

Types of Business Licenses in Dubai

A commercial license is one among the foremost popular business licenses in Dubai because it allows businesses to conduct trade within or outside the country. There are various license types available during this category for purchasing and selling of products . If the trading is being conducted only within the country, then a general trading license is required. If a business intends to conduct import and export of products , then an import-export license will suffice the need . counting on where the corporate plans to work - mainland, free zone, or offshore company, it can apply for the license.

In such a billboard license, a UAE national or an area service agent must hold a minimum of a 51% stake within the company while a far off investor or expat can own the remaining 49% of the shares. the precise business activities that are included under this license category are:

● Automobiles

● Chemicals

● Spare parts

● Publications and media materials

● Oil and gas

● Gold and precious metals

● Safety equipment

● Used furniture, etc

Professional license

A professional license in Dubai allows a private or a corporation to utilize talent and intellectual abilities within the profession. the precise business activities that are included under this license category are:

● Tax consultancy

● IT infrastructure consultancy

● Computer consultancy

● Consultancy and services

● Management consultancy

● Marketing consultancy

● Environmental consultancy

● Information technology consultancy

● Insurance consultancy

As one can see, from various sorts of available business licenses in Dubai, a knowledgeable license is more suitable for those providing professional services.

Industrial license

Businesses or individuals engaged in industrial and manufacturing operations in Dubai obtain an industrial license. the kinds of business activities included under this license category are:

● Meat products manufacturing

● Animal and birds feed manufacturing

● Garments manufacturing

● Dairy products manufacturing

● Carpet manufacturing

In addition to those three license categories, two other license categories are popular within the UAE, which includes:

Tourism license

The Department of Tourism and Commerce Marketing (DTCM) provides a license to anyone meaning to enter the tourism and travel business, provided certain conditions are satisfied. There are three main licenses available to individuals or companies under this license category:

● Inbound tour operator

● Outbound tour operator

● Travel agent

Freelance license

Freelance license is another category of license available to individuals meaning to operate as freelancers in several fields. This has gained popularity within the UAE in recent times. it's generally available to specialized individuals who shall provide their services on a consultancy basis additionally to their full-time jobs. Specifically, the Free Zones of Dubai, namely, Dubai Media City, Dubai Knowledge Part, and Dubai Internet City, provide such licenses. The freelancing licenses are provided to the subsequent categories of media and artistic professionals:

● Animator

● Cameraman

● Copywriter

● Actor

● Audio/Sound engineer

● Content provider

● Media specialist

Therefore, business licenses in Dubai are specific to the industry of operations of the individual or company. One can apply for a business license counting on the corporate structure, industry of operations, business activities, and other factors. Some business licenses end up to be suitable for a few business activities, while other business activities might not be compatible thereupon particular business license.

The place in Dubai where the business is to be found out is additionally an important think about determining the foremost appropriate business license category. The simplest solution, during this case, would be to consult a knowledgeable company formation services provider in Dubai.

These are experts and professionals who study and analyze the commercial needs of the individual/s meaning to form a corporation alongside the longer term scope. they assist within the entire process of preparing the documentation, filling up the forms, submission of the documents to the relevant authorities, and completion of other steps.

Why Dubai

The major factors that attract businesses and investors to Dubai include:

● Duty-free import and export of products and services and therefore the absence of any internal trade hurdles

● Absence of taxes for many of the industry sectors

● The strategic location of the town because it is found on the international trade routes connecting various big cities

● Less number of regulatory restrictions from the govt , industry bodies, and enforcement agencies

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