HOW CAN I GET TRADE LICENSE IN UAE?

Your UAE business journey starts with a trade license

Numerous large global and multinational companies, including many Fortune 500 companies, have established operations in the UAE, which now ranks 16th in the world in the Ease of Doing Business Index. The same is true for small and medium-sized businesses and independent entrepreneurs. But what is the most favorable free zone in the UAE? Let us find out.

Free zones trade license in UAE have contributed significantly to the country's business-friendly environment. There are over 50 free zones in the UAE, each with different rules and regulations and with different beneficial features.

Here we help you out with all your queries regarding the trade license Dubai or freezone trade license or commercial trade license , online trade license UAE, trader license renewal or UAE business license cost. all your questions get solutions from this blog so keep reading and remove all your doubts.

What is Trade license

A trade license is a legal document that outlines the activities that can be carried out across Jurisdictions in Dubai and in Dubai, the Department of Economic Development (DED) issues trade licenses.

What Are the Types of Trade Licenses in Dubai?

Commercial- licenses for trade e.g. general trading, real estate transportation
Professional-licenses for specific services e.g. lawyers, health care and information security etc.
Industrial- licenses for running industrial and manufacturing operations
General trade license- licenses operating general tax, exports and imports

How can l get a Trade License in Dubai?

There are Key steps that you are supposed to follow when you want to obtain a trade license which are as follows:

Select a Business name
Define your legal structure
Define your Business Activities
Complete the Application Form
Get additional approvals
Gather required Documents
Choose your Business Location
Submit your Application
Pay your Licensing fee

What are the Documents Required to get a Trade License?

The documents expected to obtain a Trade License differ depending on the license that a company wants to acquire, so below are the key documents that are needed:

Trade name certificate
Initial approval certificate
Dubai Municipality and RERA attested Tenancy Agreement
Memorandum of Association
Government’s approvals
Completed application form
Passport Copy of the owners
Two-color passport size photos

What are the Benefits of having a Trade License in DUBAI?

Increase local and international trade
Enhance credibility
Obtain tax benefits
A wide range of banking benefits

How much does a trade license cost in Dubai?

Your business, your trading activity and the number of employees and visas you will need will all influence the exact cost of your trade license in UAE. As low as AED 12,500 is required for startups to begin operating in the Free Zone without a visa. AED 23,600 is the fee charged to companies that require up to six visas. You will need to pay different costs for your trade license based on the specific requirements of your business.

Which is the cheapest trade license in Dubai?

In the UAE, DUQE is one of the most affordable free zones and offers a wide range of business benefits. AED 10,000 (USD 2,700) or even less is all it takes to start a business in some cheap free zones in the UAE. Find out where you can set up a UAE company at the cheapest cost UAE's free zones.

Top features

Excellent location: DUQE has a unique location because the free zone is located on the ship QE2. It is just 18 minutes from Dubai International Airport and 15 minutes from Burj Khalifa.
Pricing Options: DUQE offers a range of customized packages for entrepreneurs to start their businesses.
One-stop service: DUQE has assembled a very accessible user support team to help you with everything you need to start a business and apply for a free zone visa.
Fast service: You can get started with DUQE in as little as one week.

DUQE offers an interactive cost calculator where you can enter your business details and get a quote in no time. The details include:

Category of the company
Number of activities
Number of shareholders
Number of visas required
Availability of a business plan
Residency status in the UAE
Annual turnover
Tentative date of business opening

Currently, you can obtain a business license and start your business in DUQE from AED 12,500 (USD 3,400).

Concept of overview

DUQE is one of the most affordable free zones in the UAE. Its unique location also helps it stand out from the crowd. Start setting up your business in DUQE free zone today.

Free Zone Ajman

Overview

Ajman Free Zone is located near the port of Ajman and two major airports, allowing you to establish various business activities related to project management, services and consultancy. In addition, the free zone also supports the establishment of industrial companies in the fields of waste management, transportation services and IT infrastructure.

Top features

Business Services: Many of the services you need to start and run your business can be found in close proximity to the Ajman Free Zone. For example, you do not have to commute to open a bank account (you can use an international bank in Dubai instead), get medical assistance, or access insurance services.
Dedicated customer service: the Ajman Free Zone authorities offer 24/7 customer service to take care of all your problems and questions.
Excellent infrastructure: from high-speed internet to smooth road transportation system, Ajman Free Zone supports you with all the necessary business amenities.
High quality air: Ajman Free Zone authorities have installed state-of-the-art air quality monitoring systems throughout the Free Zone to ensure a healthy climate and reduce the environmental footprint.

Pricing

Ajman Free Zone offers a variety of business licenses. The cost of setting up your business depends on several factors, including the type of business license and the size of the business. The license types are:

Commercial license
Industrial/manufacturing license
Service license
Pioneer package - AED 5,000
Freelancer package - AED 6,000 eCommerce license - AED 5,600 (renewal)
Offshore License

For most types of business, you can obtain the required licenses in the Ajman Free Trade Zone starting at AED 11,000 (USD 3,000).

Concept of overview

The versatility and high affordability have made Ajman Free Zone one of the most promising places to start your business in the UAE. Consider Ajman Free Zone to start your business in Dubai.

Hamriyah Free Zone

Overview

Established in 1995, Hamriyah is one of the oldest and most affordable free zones in the UAE with a total area of over 30 million square meters. More than 6,500 investors from 163 countries worldwide have opened their businesses and ventures in Hamriyah.

Top Features

Fast service: If you have all the required documents, it is possible to complete your business registration in Hamriyah within a few hours and obtain a business license.
Versatile facilities: Whether you need office space, a warehouse, or land for your business, Hamriyah offers all three.
Small office: Hamriyah is an excellent choice for small investors. You can rent an affordable office space as small as 10 square meters.
Electricity Solutions: Hamriyah offers a wide range of industrial electricity connections, from 20KW to 150 KW.
Strong security: Hamriyah provides 24/7 security service for customers, so you do not have to worry about securing your business.
Financial stability: you can lease a plot of land in Hamriyah Free Zone with fixed rent for the first five years and be unaffected by inflation.

Pricing

Hamriyah Free Zone welcomes all investors and entrepreneurs. The cost of locating your business depends on the type and size of your operation and the facilities you require. The main license categories are:

Commercial (retail, general trade and e-commerce)
Service
Industrial

The cost of establishing a company in the Hamriyah Free Zone starts at AED 9,000 (USD 2,500).

Concept of Overview

Hamriyah Free Zone is located in Sharjah and is the second largest free zone in the UAE. Start your business activities in Hamriyah.

Final Thought

In order to start a business in the UAE free zones, you need to get permission from the government, be a foreign shareholder, and be exempt from taxes. Dubai, Dubai International City, Ajman and Hamriyah are the cheapest free zones in the UAE, where you can open your business with less than 10,000 AED (USD 2,700).

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