A commercial license is a standardized license obtained by an organization that is utilized for conducting business by a single person or group of people from that industry. With a single license, a firm could operate up to 10 business activities.
The license is issued by the government as permission to conduct business with their permit and trade goods and services legally. Any company dealing with commercial aspects of business can apply for a commercial license.
In order to apply for a trade license in Dubai, investors must fulfill certain requirements and follow a few steps. The first step will be to designate the main type of activity the company will carry out and the adjacent activities that can be maximum of ten per one commercial license.
The investor must decide on the type of business to be registered in Dubai, as one can choose among several types of companies. In order to obtain the Dubai trade license, the company must be registered with the Companies Register. After this step, the documents to be submitted with the Department of Economic Development in Dubai and with the UAE Federal Ministry of Economy for the commercial license to be issued are:
an application form where the company name will be mentioned in English and Arabic
the original lease contract for the company’s registered address
the permit issued by the Dubai Municipality Building Department clearing the use of the office space as a business address for the company
proof of paying the fee for the issuance of the trade license
A commercial license is issued to a company involved in any sort of commercial trade activity. General traders as well as specialized traders alike can avail commercial licenses and operate in the region.
A commercial trade license serves as both the regulation and protection for trading companies. Businesses that belong to retail, construction, and real estate industries also need to apply for commercial trade licenses.
