Setting up a business in Dubai mainland unlocks a plethora of lucrative opportunities for foreign investors and entrepreneurs. However, you need to obtain a business license in Dubai to legitimately enjoy all such opportunities.
As per the rules of business setup in Dubai, it is a punishable offence to operate a company without obtaining a trade license. Dubai Economy and Tourism (DET), the mainland licensing authority, has designed certain mandatory steps for issuing the trade license. Some of these steps of company formation in Dubai are complex and some are simple.
However, you can simplify the business licensing process by hiring the best business setup consultants in Dubai. They can create a strategy based on your activity so that the company setup process in Dubai won’t be stressful.
In this blog, you can learn how to simplify the business licensing process in Dubai mainland:
Study the process of business licensing in Dubai
Do not jump into the water; it is a new market and you need to understand what is in store for you. Study the DET licensing rules in Dubai mainland to understand the specific requirements. Understanding the DET procedures will remove the obstacles from your path.
Ensure you have chosen the right activity
The DET permits more than 2000 business activities in Dubai mainland. Some of the activities may appear to be similar, increasing the chances of choosing the wrong business activity in Dubai.
Selecting the wrong business activity will derail your business operations in Dubai. Moreover, it is illegal to carry out activities that are not mentioned in your trade license.
Determine an appropriate legal structure
When you incorporate a company in Dubai, the DET requires you to determine the legal structure of the company. The legal structure of your company in Dubai can be identified based on the number of shareholders involved in the entity. Some of the popular legal structures in Dubai include:
- Limited Liability Company (LLC)
- Sole Establishment
- Branch of a UAE company
- Branch of a foreign company
- Civil company
Write a comprehensive business plan
Writing a detailed business plan will make the process of company registration in Dubai easier. A business plan serves as a road map for your company and will aid you in making critical decisions. A typical business plan often includes details such as the company’s goals, strategies, financial projections, and operational details.
A well-crafted business plan can also help attract potential investors and partners. Business setup consultants in Dubai often request their clients to provide a business plan so that they can easily understand their requirements. This will help them provide you with proper business setup advice.
Identify a suitable location
A physical office is one of the key requirements for registering a company in Dubai mainland. The DET will ask for the tenancy contract of your office space to issue the trade license in Dubai mainland. While selecting an office space in Dubai, be mindful of the following:
- The rent should fit your pocket
- The location should be easily accessible to clients and employees
- It should have all the facilities
- Proximity to metro, bus stations and banks
- Ample space to park vehicles
Check if external approvals apply
Foreign investors often think about “how to get a business license in Dubai quickly?”. However, this will not be as smooth as you want if some special activities are involved. Special activities in Dubai are those business activities that pose an inherent risk to our daily lives.
Some of the special activities include accounting, legal, restaurant, cafeteria, engineering activities etc. These special activities require additional approval from concerned ministries or government departments for the issuance of a trade license in Dubai.
Prepare the documentation
DET may delay the issuance of the business license in Dubai if your documentation is inaccurate or inadequate. Sometimes, you may be required to submit the documents again after making the corrections. Business setup advisers in Dubai can help you prepare and organize the documents.
JBC can Simplify Business Licensing in Dubai, UAE
Getting a trade license in Dubai mainland requires your dedicated effort, market knowledge and attention to detail. However, foreign investors wishing to set up a business in Dubai often get confused midway through the process. The best business setup advisers in Dubai such as Jitendra Business Consultants (JBC) can help you expedite the licensing process.
We have been in the industry of business setup in Dubai for more than two decades. JBC provides the best business setup services in Dubai and no one can match our excellence in this realm. Over the years, we have helped thousands of investors to set up their companies in Dubai. JBC can speed up the process of company formation in Dubai with our extensive knowledge of the local market and immigration and labour laws. Hire us today to obtain a business license in Dubai quickly.