How to Obtain an Instant Trade License in Dubai for Your Business?
Dubai has always been at the forefront of implementing innovative policies that benefit investors.
The Dubai instant trade license is one such initiative aimed at helping entrepreneurs acquire a business license in just a few minutes, simplifying the traditionally complex process of setting up a business which can take days.
Instant trade license refers to obtaining a business license quickly, which can be crucial for anyone looking to start their business operations without delay. It matters because it can save time, reduce costs, and enable businesses to capitalize on time-sensitive opportunities in a competitive market.
With the instant license, eligible individuals can quickly apply and start a business in Dubai without unnecessary delays so let’s find out how to obtain an instant trade license in Dubai for business!
How to Apply for a Dubai Instant License? 7 Easy Steps
Follow these steps to gain an instant business license in Dubai:
- Choose a legal entity, such as LLC, civil company, or sole proprietorship.
- Select the legal activity for which the license is required.
- Determine the company’s shareholding.
- Choose at least three names during the application process.
- Determine the company’s total share capital.
- Fill out all required application forms.
- Submit all necessary documents to the appropriate department.
Once the payment voucher is generated, payment must be completed, and upon successful payment, the investor will receive their instant business license.
It’s important to note that instant licenses can only be given to individual shareholders, not corporate shareholders. An instant general trading license will cost an additional AED 2000, with other charges included in the overall cost of around AED 5000.
Documents Required for an Instant License in Dubai
The following are the documents required to secure a Dubai instant license:
- A passport copy of the shareholder(s) and manager(s).
- Emirates ID of the shareholder(s) and manager(s).
- A copy of the residency visa or entry stamp of the shareholder(s) and manager(s).
- A No Objection Certificate (NOC) from the sponsor or employer of the shareholder(s) and manager(s).
- A copy of the tenancy contract or Ejari certificate for the business premises.
- A copy of the building completion certificate or the Dubai Municipality-approved fit-out drawing for the office space.
- A layout plan of the office space.
- A signed application form.
- Proof of initial approval for the business activity from the Department of Economic Development (DED).
- Memorandum of Association (MOA) or Local Service Agent (LSA) agreement, if applicable.
It’s important to note that additional documents may be required depending on the business activity type and the chosen legal entity. Therefore, consulting with a business setup consultant, service provider, or the Department of Economic Development (DED) for specific document requirements is best.
Dubai Instant License Cost
The cost of an instant license in Dubai can vary depending on several factors, including the legal entity chosen, the business activity selected, and the number of shareholders involved.
Generally, the cost for an instant license is around AED 5,000, including approval, application, license issuance, and trade name reservation fees. However, additional fees may apply, such as the cost for an instant general trading license, approximately AED 2,000.
It’s important to note that the cost of an instant license does not include the cost of the business setup service provider or any other related expenses, such as visa fees or office rent.
Therefore, it’s best to consult with a business setup service provider or the Department of Economic Development (DED) for a complete breakdown of all fees and costs in obtaining an instant license in Dubai.
FAQs About Dubai Instant License
What is an Instant Trade License?
An instant trade license allows entrepreneurs to obtain a business license in Dubai in just a few minutes.
What is the purpose of the Dubai instant license?
The purpose of the Dubai instant license is to simplify and speed up the process of obtaining a business license in Dubai, making it easier for entrepreneurs to start their businesses quickly.
What are businesses eligible for an Instant Licence in Dubai?
Most commercial, industrial, and professional activities are eligible for an instant license in Dubai, except for a few restricted activities.
Obtaining an instant trade license in Dubai can be straightforward and speedy, provided the required documentation and legal requirements are met.
Entrepreneurs can start their businesses within minutes without waiting by choosing the correct legal entity and business activity and submitting all necessary documents. However, it’s essential to remember that obtaining an instant license does not guarantee the success of a business, and entrepreneurs should also consider other factors such as market research, business planning, and financial management.
With the right approach and a comprehensive understanding of the legal and regulatory requirements, entrepreneurs can take advantage of the Dubai instant license to start their businesses quickly and efficiently.