LIST OF ACTIVITIES UNDER THE UAE COMMERCIAL LICENSE

Before applying for a commercial license in Dubai, business owners need to finalise the trade activities they want to engage in. It is important to clearly outline your list of activities and all the categories are clear as well. This is where company formation experts like Shuraa Business Setup can help you with their expertise on UAE regulations. These are the major activities that fall under the UAEcommerciallicense:

Import/export

Realestate

Logistics

Tourism&travel

Product-orientedsales(shops,electronics,construction,etc.)

Rentals

Submit all the relevant documents to the Department of Economic Development (DED) as well as the UAE Federal Ministry of Economy. Post which you will receive your UAEcommercialtradelicense.

Steps to get your commercial license in Dubai

Step1:InitialApproval

The first step in the process is to

Identify the right business activity

Select the appropriate legal structure

Apply for initial approval

The Dubai Economic Department (DED) are the regulatory body that issues the initial approval for the UAE commercial license. Depending on the type of activity you finalise, you will need to get additional approvals.

Step2:TradeNameApproval

After this, you will need to get the approval for the trade name. Trade name selection must be as per the norm outlined by the UAE government. This includes avoiding similar names to pre-existing companies, as well as any religious or political references.

Step3:MemorandumofAssociation

The constitution of a business must include the Memorandum of Association (MOA) according to the UAE Company Law because it is essential in outlining the policies and regulations that the business entity, including its management and employees, need to follow. The MOA must be in both English and Arabic.