Dubai is a great for business opportunities for local and foreign businesses. It offers two major categories for business operations – mainland zone and free zone. The mainland business zones only allow partial ownership of the business and there are some other restrictions in terms of licensing as well.In the following post, we are going to share the process of gaining an instant business license in Dubai. The instant trade license is issued to the business owner right after the application submission and aids in swift business incorporation. Read the entire process to obtain an instant business license in Dubai.
Let us begin by understanding the business license itself and How to obtain a trade license in dubai instantly?.
What is an instant license and how does it differ from the regular license?
The instant license services allow you to get a professional or commercial license in Dubai instantly. The instant trade license allows the businessmen to start their business in the mainland with ease and with minimum documentation. The Instant License Dubai is so straightforward it can take up to five minutes and the whole process can be completed online.
This license doesn’t even need the rent contract and/or Memorandum of Association (MOA) for the first year. The business owners can submit these documents after the renewal of the trade license.
What are the benefits of the instant trade license in Dubai?
The regular trade license might take up to 2 or 3 days. An instant license in Dubai might only take five minutes. The requirements are vey less for instant license, when compared to Regular one.As the instant trade license is issued on the same day, the business owners can accomplish the business setup in Dubai in a swift manner. This, in turn, increases the ease of doing business in Dubai.
While the business owners can start operating their businesses immediately after the issue of a trade license in Dubai, the instant license also comes with a lenient documentation process. The business owners don’t have to complete the trade name registration for the first year of business. The application process is very easy. This can be finished through online or offline.
Getting a UAE Mainland Trade License is normally a lengthy process and can get one or three months or more, depending on the company’s services, document preparation time, and business-specific requirements.An instant license does not need a lease for twelve months, which allows investors to enter the market at a lower cost and enable them to review the business market before acquiring large costs.The trade name and the initial approval stage quickly remove the license before it can be licensed for specific activities.
The instant trade license is issued for the listed business domains:
- Civil company
- One person L.L.C.
- Limited liability company
- Sole proprietorship
Am I qualified for an instant license?
In addition to public / private shareholding entities, anyone can demand an instant license, including general trading companies. Instant licenses grant the following legal frameworks; Limited Liability Company (multiple shareholders), Single Limited Liability Company (single shareholder), sole proprietorship, civil company.
Only foreign shareholders with a valid UAE Residence Visa and Emirates ID can apply for an instant license and want to apply for a UAE Smart Pass to finish the online application process.
What are the Terms and Conditions to Get an Instant trade License?
- No papers desired to complete online applications. Think in mind, only the General Trading licenses in Dubai are requested and applied via the e-services platform of the DED.
- If you apply through other application channels. Then an individual should have a legal UAE visa with him. Anyone of the investor or shareholder in the firm must be physically present at the time of applying for a license in UAE.
What documents are required for obtaining the instant trade license in Dubai?
Like every other license, the documents required for obtaining the instant license vary as per the business. Some Businesses require less documents for obtaining instant license. While other require very less documents.
There are two channels via which you can apply for an instant license:
- DED e-Services Platform
- Smart Lounge, Happiness Lounge and Service Centres
If you apply via the DED e-Services platform, you don’t require any additional documents apart from your original ID for account creation.
If you apply via any one of the Happiness lounges, Smart Lounges or Service Centres. The documents required are:
- Copies of the passports of all the partners and managers
- Copy of UAE residence visa of the non-Emiratis
- Emirates ID of the non-Emiratis
- If the non-Emiratis don’t have a UAE residence visa, they have to submit a copy of the UAE visit visa
- NOC from the sponsor of residence visa holders
- Emirates ID and passport copies of the local sponsor
How much does it cost to get an instant trade license in Dubai?
AED 250 must be provided by the applicant in the first year through voucher.
If you are planning to obtain a license for operating in the mainland zone, it becomes essential to have a sponsor that charges an additional fee for sponsorship.
What is the step-by-step process of obtaining an instant trade license?
The step-by-step process of obtaining an instant trade license in Dubai:
- Log on to the DED e-Services platform and find the application form
- Select the business type and the shareholding structure of your business
- Select the trade name options and submit the share capital of your company
- Upload the required documents as per the given specifications for image size and type
- Successful registration will generate a payment voucher
- MAke the payment.
As the most developed, diversified, and expanded region in the UAE, it offers numerous business opportunities; It is no surprise that Dubai draws thousands of foreign businessmen and international investors every year for their business set up in Dubai.
After obatining an instant trade license in Dubai, you are eligible to perform trade and do business activities in Dubai, UAE.
For more information and registration, you can log on to the official websites of the DED and the Dubai Government.
Thanks for Reading!
