All companies are required to have a Business License in Dubai to continue trade and showcase their lawfulness. Even though getting this license can be expensive, the post-acquisition phase brings numerous advantages and incentives.Getting a business license in Dubai is essential for anyone who wants to start a business in the city. A business license is a legal document that allows individuals or companies to conduct business activities within Dubai. Here is a full guide on how to obtain a business license in DubaiWhat is a Business License in Dubai?
A business license in Dubai is a legal document issued by the Dubai Department of Economic Development (DED) that allows individuals or companies to conduct business activities within the city. It is a requirement for any individual or company that wishes to start a business or trade in Dubai. The business license specifies the type of business activity, legal structure, and trade name, as well as any other restrictions or requirements. Obtaining a business license in Dubai involves fulfilling certain requirements and paying the necessary fees, which vary depending on the type of business activity and legal structure chosen.Why do you need a Business License in Dubai?
A business license is required in Dubai to legally operate a business or trade within the city. It is a legal document that proves that the business has been registered with the Dubai Department of Economic Development (DED) and has fulfilled all the requirements needed to operate within the city. The business license ensures that the business operates within the legal framework of the city, complies with the rules and regulations set by the government, and meets the standards required for the specific business activity. Without a business license, the business will be considered illegal, and the owners could face penalties, fines, and even legal action. Additionally, having a business license gives the business credibility and legitimacy, which can help in gaining the trust of customers, investors, and other stakeholders.
Types of Business License in Dubai
Commercial LicenseA commercial license is a legal agreement between a company or individual and the owner of a product, service, or intellectual property that allows the company or individual to use, sell, or distribute the product, service, or intellectual property for commercial purposes.Commercial licenses are often used for software, music, art, or other creative works that are protected by copyright or other intellectual property laws. The terms of a commercial license can vary widely, depending on the product or service being licensed, the scope of the license, and the needs of the licensee.In general, a commercial license grants the licensee the right to use the product or service for commercial purposes, but may also impose restrictions on how the product or service can be used, such as limiting the number of users, requiring certain attribution or branding, or prohibiting the use of the product or service for certain types of activities.List of Commercial Licenses in DubaiWith this license, businesses can start trading the following:
- Commercial License
- Professional License
- Industrial License
- Tourism License
- Gold & Precious Metals
- Automobiles & their Spare Parts
- Used Furniture
- Oil & Gas
- Publications & Media Material
- Safety Equipment, etc.
- Any many more trading and commercial sectors
- IT & IT Infrastructure
- Real Estate Brokerage
- Commercial Brokerage
- Any many more consultancies and professional services