Licences
If a new company is being created in the UAE, you will need to chose a type of trade licence to apply for. Depending on the choice, governmental approvals may be required and some will take time to be granted.
For companies set up in the UAE, a business licence, also known as a business permit or business registration, is an official document or certification that authorizes an individual or company to legally operate a business.
A UAE licence serves as proof that the business has met certain legal requirements and has obtained the necessary permissions to conduct its activities.
The UAE (United Arab Emirates) offers several types of business licenses depending on the nature and activities of the business. The specific requirements and procedures may vary depending on the emirate where you plan to establish your business. Here are some common types of business licenses in the UAE:
- Commercial Licence: This license is suitable for businesses engaged in buying and selling goods. It allows for both local trading within the UAE and international trade.
- Professional Licence: This license is for businesses that provide professional services like consultancy, accounting, legal services, etc. It is usually issued to individuals or firms with specific professional qualifications.
- Industrial Licence: This license is required for businesses involved in manufacturing or industrial activities.
This allows the company to import raw materials, manufacture products, and export finished goods.
To obtain a business licence in the UAE, you generally need to follow these steps:
- Determine the legal structure and activities of your business.
- Choose a business name and get it approved by the relevant authorities.
- Prepare the necessary documents, including a business plan, lease agreement, and other supporting documents.
- Submit the required application form and documents to the relevant licencing authority.
- Pay the necessary fees and charges.
- Obtain approvals from various government departments, depending on the nature of your business.
- Depending on the license type and location, you may need to rent office space or a commercial premises.
- Once your application is approved, you will receive your business licence.
It is mandatory for entrepreneurs and business owners to obtain the necessary business licences and permits specific to their industry and location to operate legally and avoid potential penalties or legal issues to operate in the UAE.
It is important to note that the process and requirements can vary between the different emirates and may be subject to change. Therefore, it is recommended to consult with a local business setup specialist like Advice Vector to establish your business with accurate and up-to-date information.
