UAE business license cost
Establishing business in the UAE
Investors can establish their own online businesses in the State within a very short time that does not exceed 15 minutes. However, establishing a conventional business in various emirates of the UAE by the conventional means requires a series of procedures and approvals from the Department of Economic Development and the other concerned authorities for official registration of the entity.
Verify business licenses
Several channels and platforms can be used to get information about a business license. These include websites of DEDs in each emirate and National Economic Register.
UAE business license – what is it?
Anyone considering starting their own business in Dubai needs to get a UAE business license. There are hundreds of business activities covered by various types of business licenses. These business activities range from professional services, commercial activities, home-based business types, restaurants, tourism, and other industries. It is essential to get a UAE business license to trade legally. Failure to do so may lead to severe financial penalties – or worse.
UAE business license comes with a raft of benefits, too. You are entitled to tax breaks, startup support systems, and more with your business license. Each license is issued by the Department of Economic Development (DED).
Business licenses further apply to company structures. These company structures vary on starting a free zone company or a mainland business. Each carries particular regulations, making it easier for company formation for foreign investors and entrepreneurs.
Mainland businesses can trade across the UAE. The UAE laws determine that a UAE national must serve as a local sponsor and own 51% of such foreigner-owned mainland businesses. Foreign nationals are limited to holding a 49% stake in their companies.
The UAE’s free zone company structure offers foreign investors and entrepreneurs unique benefits, such as business startup incubation services. A free zone company gives 100% ownership to the foreign entrepreneur or investor. There are over 40 free zones in the UAE.
If you are unsure whether to choose between a mainland or a free zone company structure, seek expert advice from AHG to help you decide.
How much does a UAE business license cost ?
It is not easy to calculate the exact cost of getting a business license in Dubai. A business license in the UAE costs AED 10,000 to AED 50,000. This cost varies depending on the license type, company structure, visas, location, types of business activity, and more.
Types of UAE business licenses
There are six types of business licenses available to choose from in Dubai. These are:
- Industrial License
- Commercial License
- Crafts License
- Tourism License
- Agricultural License
- Professional License
Documents needed to get a UAE business license
Setting up a business in the UAE isn’t too complicated a process – that is, if you know what you’re doing. The following are the documents required to get a business license in the UAE:
- A completed business license application
- Memorandum of Association (MOA) completed by all shareholders and partners of the company
- Company name approval from the UAE’s Registry Office
- Passport copies of all shareholders and partners
Our company AHG can help you establish your company or investment, by providing integrated and specialized services, which ensure the success of the project and the achievement of its goals. Therefore, contacting us is an essential step to achieving success in business.