Businessmen see Dubai as an undeniable location to kick start their business. It comes with a booming economy, streamlined business setup and a strategic location which is nothing short of a launchpad for businesses of all sizes and industries. However, understanding the process of Dubai business licence helps in unlocking the path for starting the dream company. This blog will help you in gaining knowledge for navigating the road to obtaining a licence.
Manoeuvring through the business path to obtain business licence
The first thing towards the process of obtaining a Dubai business licence is identifying the business activity and deciding whether you are trading with goods to gain commercial licence or are getting professional services to obtain professional licence or are manufacturing goods to get industrial licence. Dubai has a plethora of licences to meet the business needs. Therefore doing a deep research on the website of DED or having a consultation with a business specialist could aid in determining the appropriate licence to carry out the business operations.
Packing up toolkit: Gathering documents
- Visas and passports- Collecting the required passport and visas for businessmen and their partners.
- Planning the business- Making a well-defined plan is necessary for meeting company goals.
- Tenancy contract (Ejari)- It is a proof that your office lease agreement is properly and legally registered with the DED.
- Memorandum of Association- This document includes the company’s structure like shares, loans etc., ownership details like the numbers of directors, shareholders etc., governance rules of the company etc.
- Obtaining other approvals- Based on the business activity, the businessman needs to obtain additional approvals from authorities as required.
Application journey to obtain licence
Once you get the documents in order, next step is to make sure application process begins:
- Approval- Preliminary approval from DED is important. This will ensure the business activity chosen gets the permit and also aligns with regulations of the country.
- Licence application- Application needs to be submitted with the documents required and fees to DED.
- Registration of office space- Finalising and registering the office space with required authorities.
Conclusion
The process of obtaining a business licence can be complex and might be overwhelming. To overcome this hurdle, one can seek assistance from business setup consultants for easy company formation companies in Dubai as their expertise can help in streamlining the process and to make sure you achieve all your business goals while adhering to the regulation and laws. Therefore, taking the first step towards understanding the business licence process will help you propel the business journey in the dynamic and vibrant commercial hub of business in the globe.