Types Of Business Licenses In Dubai

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PRESENTATION BY START ANY BUSINESS
Types Of Business Licenses In Dubai
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Overview
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A business license is the most vital document a
business requires when it comes to set a company
or business in Dubai or any other Emirates of the
United Arab Emirates (UAE). For every type of
company formation in Dubai, business licenses are
a compulsory requirement. Setting a new business
or company in Dubai can be compelling
anticipation, and various variables require to be
considered. But the most crucial of all is
business licenses in Dubai. Suppose the suitable
licenses are not present with the management. In
that case, the company may have to face
additional fees, penalties, operational
restrictions, and many more or may eventually
have to shut down the company. So before you
start any business in Dubai, it is essential to
know about the types of business licenses in
Dubai.
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Overview
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Getting a business license is a significant step
in setting up a business in Dubai. The business
licenses are varied upon numerous factors such as
the activity being performed, the companys size,
the jurisdiction in which the company is being
set up, and several other factors. A business or
trade license is not only a formality in Dubai
it is something of a need. The business license
determines the nature of your business activity
and validates your company. Department of
Economic Development (DED) in Dubai is the
authority that offers licenses to businesses in
Dubai. DED has classified each and every business
under several licenses, offering them eminence
according to your business activity.
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Overview
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Dubai DED is the organization that does not only
offer business licenses but also manages the
process related to business licensing. A Dubai
based business license legitimize your company as
a legal entity verified to do business. Not only
this, but the business license also identifies
you and your enterprise. The business licenses
take accountability of your commercial
proceedings and also protects the public safety
and health.
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Here Are The Types Of Business Licenses In Dubai
1. Commercial license 2. Industrial
License 3. Professional License 4. Tourism License
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Commercial license
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A commercial license is mandatory for the general
trading business. Commercial trade license is
issued to a company comprised of any sort of
commercial trade activity. All commercial trade
activities in Dubai or all over the UAE requires
a commercial trade license. The general traders
and specialized entrepreneurs can make use of
a commercial license in Dubai. Commercial trade
licenses can be allowed to a business or company
involved in trades associated with services,
goods, and commodities. Commercial trade license
caters as a requirement for the regulations and
protection for such types of companies and
businesses.
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Industrial License
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The industrial and manufacturing companies are
required to have an industrial license in the
United Arab Emirates (UAE). The Department of
Economic Development (DED) issued this license.
To get this license, approval from the Finance
and Industry Ministry and other judiciaries are
compulsory. This type of license is issued to an
organization that transforms natural resources or
alter raw material. An industrial license is
valid for a limited period subject to consent
with the situations mentioned throughout the
issuance. Industrial License commits the company
to have a physical warehouse inside the country.
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Professional License
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A professional license is for service related
business. The professional and specialists
require a professional trade license in Dubai and
other Emirates of the United Arab Emirates (UAE).
A service-oriented company varies on a
professionals skill. So, therefore, in order to
set up a business in UAE, the professional and
specialists require to get a professional license
in Dubai or other emirates of UAE. The
professional licenses in the UAE are allowed
based on the educational entitlement and area of
expertise. Obtaining a professional license
involves several factors such as documentation,
municipality formalities, approvals from the
Chamber of Commerce, and many more.
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Tourism License
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Tourism trade license is required for the tour
and travel industry in Dubai and other Emirates
in UAE. United Arab Emirates (UAE) is a
preeminent tourism hub and has a high demand for
businesses associated with tourism. This kind of
license in the UAE will also be offered by
consolidated licenses for commercial and tourism
activities. If you plan to set up businesses like
tours and travel companies, restaurants, hotels,
or even rent a car company, you need a tourism
license. A tourism license will not only clarify
the procedure of setting up your company but will
also increase the tourism businesss authority.
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Each and every business licenses in Dubai are
industry determined when some licenses would be
suitable for some businesses, others may not be
appropriate for the associated business
activities. This signifies that you can apply for
a type of business license in Dubai varying on
the industry, structure of the company, business
activity, etc.
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ADDRESS
Office 1200, Al Musalla Tower, Al Fahidi Metro
Station, Bur Dubai, Dubai, United Arab Emirates
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info_at_startanybusiness.ae
PHONE NUMBER
971 43233854
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