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DED Trader License
A Trade License is the first and foremost step in the journey towards a business setup in Dubai or the UAE. The trade license is issued by the Department of Economic Development (DED). We offer DED trade license services in the UAE along with other license solutions. We offer Trade License Issuance and Trade License Renewal in Abu Dhabi, Ajman, Ras-Al-Khaimah, Sharjah, Umm Al Quwain and Fujairah
Prerequisites for a Trade License
- The business owner or investor must decide on a suitable location to start their company to obtain a trade license.
- The owner or investor then must choose a suitable trade name as well as the legal structure of the start-up.
- Decide on all the business activities to be included in the license.
Steps to Get a Trade License
Submit the application for initial approval.
- Arrange required documents like Memorandum of Association (MOA).
- Get approval from the concerned Government Authorities.
- Get a tenancy agreement attested by the EJARI.
- Finally, submit the application to the Department of Economic Development (DED).
3 Types of Business Set-up in Dubai
Dubai’s Free Zones are designated economic areas within the emirate that offer preferential tax and customs rates. Dubai, dubbed as the ‘City of Gold’, boasts around 30 free zones. Business set-ups in these free zones enjoy benefits like 100% foreign ownership, 100% corporate tax exemption, 100% repatriation and capital funds.
Mainland Companies are known as onshore companies. They have access to both the local market and outside the UAE. One has to acquire the DED Trade License of the respective emirate to be known as a Mainland LLC Company. As of December 1st 2020, the UAE has passed a law granting 100% foreign ownership to mainland companies.
Offshore companies are not directly permitted to conduct business activity within the UAE. However, they can engage in the UAE market activities by holding shares in the UAE mainland or onshore companies. This helps to establish their presence and conduct business through their subsidiary entities. They have full foreign ownership but cannot have a physical presence in the UAE.