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The step ahead for Business Setup of Professional License in Dubai, tips for Business Setup in Abu
Posted: Mar 08, 2016
Business setup in Dubai may sound like a distant dream for many; however, if taken right guidance, it is not that tough as it may sound.
For starting any business of any category, one should always have a Business (Trade) License in Dubai.
However, there are different requirements for a Trade License. Also the permissions required from various agencies and government ministries vary depending on different categories of the business.
While there is a Professional License which is to be issued to service providers, professionals, artisans, and craftsmen, there are commercial licenses as well which needs to be issued to a company that engages in any kind of trading activity.
This means that some types of businesses like financial services, printing and publishing, health services and food trading require more clearances than say a general trading business.
Dubai company register: There are basically 3 categories of licenses issued in Dubai
Depending on the nature of the activity which a business entity may plan to undertake, one of these license categories will be issued:
- Commercial License – This is issued to a company that engages in any kind of trading activity.
- Industrial License – This is issued to a company that engages in either manufacturing or any industrial activity.
- Professional License – This is issued to different service providers, many professionals, artisans, as well as the craftsmen.
The Department of Economic Development (DED), Dubai is the government agency which is responsible for issuing these licenses for Dubai zone. This department operates from different locations while delivering the licensing services.
The business registration in Dubai should always have the involvement of the Dubai Chamber of Commerce and Industry.
Close on the heels of Dubai comes UAE, which is also well-known for its supportive business climate as well as the successful entrepreneurial enterprises. Hence if you are looking up for business set up in Abu Dhabi, you can avail the benefits of transparent steps along with flexible procedures which can help you achieve your aim in a few days.
In Abu Dhabi, the first step for business setup is to determine the legal form and activity.
The next step to obtain a business licence is to identify the type of activity /activities to be practised. In addition, it needs to be identified whether the business is an establishment, a limited liability company, or a branch of a foreign company.
Meanwhile, there are different rules, requirements and fees for setting up a business and they vary based on the different types and nature of activity.
One needs to avail Commercial Licence, professional license, industrial license and tourism license depending on their nature of business.The next step is to register the trade name. A unique trade name needs to be chosen once the activity status and legal status are determined.
Thereafter, one needs to get approvals from department of economic department. This step will ensure procurement of all other approvals with speed and ease. Next is the licensing step where the applicant can obtain all relevant approvals.
P. As an advisory firm with varied capabilities, Pro Desk carry rich experience in advising a gamut of overseas investors for the businesses setup in the Uae.