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A commercial license in Dubai is needed for companies that are engaged in goods and related services including trading, purchasing, or selling of goods. In general, it can also be referred to as a commercial trading business.
In the United Arab Emirates if you are making a plan to establish a business that is categorized under commercial activity then you should apply for a commercial license to do the business legally. The activities covered under a commercial license are: Import and export, sale of electronic products, Supply of brokerage, Sale of construction material, Logistics, and Auto vehicle rental businessA company with a commercial license can be formed in the Dubai free zone or any free zones in the UAE. The key benefit of registering the company in the free zone is that you would own 100% of your business. You can also start an LLC company in Dubai, UAE, with the help of a commercial license,
Investors must meet certain conditions and take a few measures in order to apply for a trade license in Dubai. The first step will be to identify the primary form of operation that the company will engage in, as well as any related activities that can total up to ten per commercial license. The investor must determine which type of company to register in Dubai, as there are many types of companies to choose from.
The business must be registered with the Companies Registry in order to receive a Dubai trade license. Following this, the following documents must be sent to the Dubai Department of Economic Development and the UAE Federal Ministry of Economy in order for a commercial license to be issued:
The process of obtaining a commercial license in Dubai are mentioned below:
The documents that required for a commercial license are given below:
The business activities that fall under the commercial license are:
• Export and import activities
• Supply of brokerage services
• Sale of electronics products
• Real estate-related services
• Sale of construction materials
Getting a commercial license in Dubai is comparatively easy compared to other types of business licenses. In addition, the commercial license has many benefits. A business firm issued with a commercial license is allowed to perform different activities.
.The benefits of a commercial license are:
This permits the company to trade more than one product
The business unit can trade in any region in the United Arab Emirates. Thus, making optimal use of the market in the country.
Auditing is not compulsory for commercial license renewal.
The company can ask for an employment visa to recruit foreign employees.
A business organization with a commercial license is permitted for foreign commercial activities and trade.
A commercial license allows companies to select their location anywhere in Dubai.
Reporting of financial transactions, turnover, profit, and loss is easier compared to other kinds of licenses.
Companies holding a commercial license in a free zone can revert to 100% profit. They are also exempted from tax.
The overall cost of an immediate commercial license in Dubai, comprising trade name, initial approval, and the license issuance is INR 2,03,490 that is certain. Once you get it, the commercial license has benefits such as visa application, translation services, getting labor quotas, no income taxes, nor corporate taxes, and a simplified financial reporting system.
The commercial license validity is for one year and hence this is compulsory to renew it upon reaching the expiry. The documents required to get this license and the documents required are not the same for the renewal of the license.
which are – Copy of the license, approval from the relevant authority,
Registered address lease agreement, information about the accommodation of staff applicable for overseas shareholding firms.
Once you have completed the process of license renewal, the extended validity of the renewed business license is 1 years.
We at BCM Corporate Services LLC, extend our quality services to our clients with experienced & qualified Business consultants with rich expertise in document attestation Services in Dubai Commercial license for Dubai clients requirements of e and Bookkeeping and Accounting Firms in Dubai requirements on our email id: info@branches.ae or call us on +971502585921 WhatsApp +971-551196792