The UAE is considered one of the largest investment destinations, that’s why many investors start looking for the cost of opening a license in Dubai, the documents required to issue it, and other details, especially since the state provides all clients with various facilities to obtain them.
In addition to encouraging and supporting them if they wish to establish a company in the free zone, it is worth noting that the government grants licenses based on the type of activity desired to be practiced and is determined according to the type of investment desired to be established inside or outside the Emirates. With Tasyeiir company, it has become possible to obtain a commercial license easily and obtain it faster than at any other time.
The cost of opening a license in Dubai
The cost of opening a license in Dubai varies depending on the activity desired to be practiced. And there is a set of fixed fees for all commercial licenses, which are as follows:
- Commercial name advertising fees.
- Commercial name registration.
- As well as, open a business license.
- Articles of Association.
- As well as, business activity fees.
How to obtain a commercial license in Dubai?
There are a set of controls and steps in addition to the documents that must be submitted in order to obtain a commercial license in Dubai. It is worth noting that this matter has become easy today. Especially with the Tasyeiir Company, which provides the possibility of submitting all papers and documents and making them available. In addition to completing all the steps for extracting the license and presenting it to you easily, the extraction method is as follows:
- Determine the type of activity the company desires to practice, whether commercial, economic, or professional.
- Adding the basics of the company as well as the legal form and work team.
- As well as, determine the commercial name of the company or institution.
- While the documents include obtaining initial approval in order to establish and activate the company.
- As well as, passport or photocopy of the applicant’s ID.
- Commercial licenses form.
- As well as, a copy of the investor’s residency.
- Visit visa for non-residents.
- Feasibility study on investment.
- The primary activity of the company.
- Approval from the headquarters to establish another branch in the Emirates, if any.
Documents for opening a license in Dubai
There are several requirements that any foreign investor wishing to issue a commercial license in Dubai must provide. And submit during registration of the application, which are as follows:
- The company’s articles of incorporation include all the activities desired to be carried out.
- A notarized certificate of the establishment lease contract.
- As well as, initial approval of the activity.
- Approval by the authorities concerned with the activity.
Types of business licenses in Dubai
Establishing a company in the Emirates or Dubai requires obtaining a commercial license compatible with the activity desired to be practiced.
It is worth noting that the type of license to be obtained must be specified, whether commercial or economic. The most prominent and widely used commercial licenses among investors and entrepreneurs, such as local markets and free zones, are the following:
General commercial license
The general trade license includes many activities related to this matter. Under which products can be obtained and all their packaging requirements can be completed based on the agreements of the product owner and the company. This type of license is more flexible than commercial and economic licenses. Which is why they are more widely used among investors, whether small or large.
Professional licenses
Professional licenses are a license related to professional activity only. Which is why they are granted to teachers and financial, engineering, and investment consultants. They are also provided to companies specialized in engineering design, accounting fields, or business establishment.
This license includes all craft work that requires high skill. Whether agriculture, health, industry, trade, or others, that are based on the extensive experience. That the individual possesses and wishes to exploit to help other people.
Running a business
A business operating license provides its holders with the ability to provide all the services necessary for investors to establish their businesses in the Emirates. For example, it can provide the entrepreneur with a lease contract for his company’s location, help him own a suitable place, or prepare the company to obtain a set of necessary licenses.
It is worth noting that this type of license is held by Tasyeiir Company. Because it is considered a legal and governmental consultant in the Emirates. Providing all consultations and making it possible to perform all desired services and procedures with ease and simplicity officially.
Virtual license
Foreign investors who are not residents of the Emirates need a virtual license. This type of license is obtained electronically, and Tasyeiir company can also be responsible for issuing it.
It is worth noting that this type of license gives the investor approval or the start signal. In order to establish a company for one person or limited liability, and it is limited to only 13 sectors. Including industry, agriculture, maintenance work, business operation, organizing events, and others.
How to renew a commercial license?
A text message is sent to the owner with the expiration date of the commercial license. In addition to the renewal fees based on its type and specifications. The investor can renew the license through 5 service outlets, which are as follows:
- Send a message to 6969 for automatic license renewal.
- As well as, renewal through the Dubai Economic Department.
- Renew it electronically via the Invest in Dubai platform.
- Contact one of the authorized service centers.
- Cooperation with Tasyeiir company, which allows the possibility of issuing and renewing the license legally and officially.
Tips for starting a business in Dubai
Before starting to establish a company or determining a commercial activity that one wants to practice or obtaining a license for it. It is necessary to know a group of things that will help to complete the matter successfully and easily, which are as follows:
- Conduct a detailed and complete feasibility study of the activity, in addition to consulting experts.
- As well as, develop an alternative plan to be used in the event of any problem.
- Determine the success of the project.
- Include the possibility of loss and loss of capital, which is why it should not be placed entirely in one project.
In conclusion, we have clarified everything related to the cost of opening a license in Dubai, the conditions for obtaining it, the method of issuing it, in addition to its types and method of renewing it. We also emphasized that all of this and more can be done through Tasyeiir company, which provides many legal and advisory services in the Emirates.
You can also follow us on Tasyeiir Company’s social networking sites to benefit from and obtain administrative services:
Through its sites on Instagram from here.
LinkedIn from here.
Through Facebook from here
