Trade Licenses in UAE – Types & Renewal

1
Trade Licenses in UAE Types  Renewal

• https//digitalhbs.wordpress.com/2021/05/23/trade-
  licenses-in-uae-types-renewal/

2

• A business-friendly and tax-free environment
  encourages more business owners and organisations
  to set up shop in the UAE. However, the most
  important step to follow when it comes to company
  formation in Dubai or elsewhere in the UAE is
  obtaining the appropriate trade license for the
  activity and scope of work of the business.

3
Types of UAE Trade License

• In the UAE, various trade licenses are mandatory
  for various industries. Companies may apply for
  any one of these Business Licenses
• Professional License for specialized jobs that
  include professional services, such as technical,
  lifestyle and other services 
• Commercial  License for all forms of trading
  activities such as exports and imports.
• Industrial License for production or industrial
  work, including manufacturing, processing,
  packaging and re-export of specific products.

4
Specifications for Getting a Trade License in the
UAE

• Before opening any business, one must follow the
  below steps for obtaining a trade license in UAE.
• Decide the type of service Professional,
  Commercial, or Industrial
• Determine all associated business activities
  under the Business License. IFZA provides for 3
  free business activities per License, with the
  option to apply for additional activities in one
  business license.  
• Prepare the legal standing of your company in the
  UAE. 
• Choose the name of the firm, which must be
  compliant to the regulations of the
  jurisdiction. 
• Submit a request to the Authority Rent the
  property to seek authorisation from the Authority
  involved.

5
Trade License Renewal UAE

• Every year, all UAE companies must renew their
  trading licences. The certificate shall also
  comply with the governments laws. This will lead
  to rapid growth and higher sales for companies. 
• When it comes to renewing your commercial
  licence, you could consider hiring a company
  setup consultant in Dubai, like IFZA. 

6
This Article is originally appeared on

• https//digitalhbs.wordpress.com/2021/05/23/trade-
  licenses-in-uae-types-renewal/