Entrepreneurs who want to operate a business in Dubai must obtain a trade license. The process of obtaining a trade license can be complex and time-consuming, involving several mandatory requirements and detailed steps. In this technical guide, we will delve into the types of trade licenses available, the requirements for obtaining a license, and the process involved with Sat Corporate, a leading company that helps businesses obtain trade licenses in Dubai.
Types of Trade Licenses : Dubai offers three types of trade licenses: commercial, industrial, and professional. The commercial license applies to companies engaged in trading activities, such as importing and exporting goods. The industrial license is applicable for companies involved in manufacturing and industrial activities. The professional license is for companies providing professional services like consultancy, legal, and accounting services.
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Requirements for Obtaining a Trade License:
Sat Corporate Service, a trusted company that helps businesses obtain trade licenses in Dubai, provides expert guidance to ensure a smooth and hassle-free experience. The following requirements must be met:
- Business Plan: A detailed business plan outlining the business activities, financial projections, target market, and other relevant information is mandatory.
- Legal Structure: Selecting the appropriate legal structure for the business, such as a sole proprietorship, partnership, or LLC, is essential.
- Business Name: Selecting a unique business name that is not already registered in Dubai is mandatory.
- Physical Premises: Having a physical premise for the business, such as a rented or owned office space, is mandatory.
Process of Obtaining a Trade License with Sat Corporate :
The process of obtaining a trade license in Dubai with Sat Corporate involves the following steps:
- Choose Business Activity: Sat Corporate provides expert guidance in selecting a business activity that is compatible with the trade license.
- Apply for Initial Approval: Sat Corporate assists in applying for initial approval from the Department of Economic Development (DED), which involves the submission of the business plan and legal documents.
- Reserve Trade Name: Sat Corporate assists in reserving a trade name for the business from the DED.
- Obtain Approvals: Sat Corporate assists in obtaining approvals from government departments like the Dubai Municipality and the Dubai Chamber of Commerce.
- Final Approval: Once all the necessary approvals are obtained, Sat Corporate assists in obtaining the final approval from the DED.
Conclusion :
Obtaining a trade license in Dubai with Sat Corporate is a hassle-free experience. Sat Corporate provides expert guidance and assistance throughout the process of obtaining a trade license, from selecting the appropriate business activity to obtaining the final approval from the DED. Entrepreneurs seeking to establish their businesses in Dubai can rely on Sat Corporate to ensure a smooth and successful experience.