License Service in UAE
License Service
The mainland license, also referred to as the onshore license, grants individuals the ability to conduct business both within the UAE and internationally without any restrictions. The issuance of this professional license in Dubai, UAE, is overseen by the Department of Economic Development (DED). Since June 2021, Dubai mainland license services require a local sponsor, except for foreign companies that can now be fully owned by foreign shareholders. According to Dubai Economy, there are over 1,000 commercial and industrial activities that can be 100% owned by foreigners.
These changes have been implemented to attract foreign direct investment in key economic sectors and foster entrepreneurship, including offering investor visas and potential citizenship over a 10-year period to talented individuals. The objective is to make the UAE a more welcoming destination for investment. Our team of experts in company formation can assist you in selecting the appropriate jurisdiction and business activity for your mainland entity. The first step in establishing a business in Dubai, or anywhere else in the UAE, is choosing a professional license. We provide guidance on the most cost-effective and suitable options based on your business practices. Various forms of licenses are available, including commercial, manufacturing, and technical.
For the purpose of this discussion, let’s focus on the commercial license. With a commercial license, you can engage in trading, import-export activities, and also offer certain services. Dubai and the UAE are highly sought-after locations for obtaining a commercial license due to their strategic position, surrounded by large markets across Africa, Asia, Europe, and the Middle East. The UAE is particularly popular among cargo companies, thanks to its multiple international airports and direct access to the Persian Gulf.
The streamlined process of incorporating a company in Dubai makes it easier for traders to commence operations with the assistance of a representative. In Dubai, every business operating there must acquire one of the available professional licenses. Commercial licenses are among the most common types, allowing businesses to engage in trade relationships. The Dubai limited liability company, which can be established under both mainland license services in Dubai and any free trade zone in the Emirate, is the most prevalent business entity operating under a commercial license.
Each free zone authority issues its own license, which is a unique feature of free zone company setup in Dubai. However, the commercial license remains the same regardless of the specific special economic zone where a company is registered. Free zone companies, on the other hand, are limited to using their commercial licenses exclusively within their respective Dubai free zones. Additionally, international companies can obtain a commercial license to establish branches or subsidiaries in Dubai.
To initiate a trading business in Dubai, acquiring a general trading license is a crucial part of the business setup process. With a general trading license, startups in Dubai can conduct all their business activities under a single license. Obtaining a free zone trade license UAE allows your Dubai startup to become a significant player in the supplies industry, catering to businesses throughout the city with essential goods. A free zone trade license enables you to trade a wide range of products, including clothing, accessories, electronics, and more.
A Dubai trade license does not require the products to be related to each other, allowing you to trade in multiple different goods, from model trains to artisanal jewelry. While certain regulated goods, such as pharmaceutical products, frozen foods, and weapons, must comply with health and safety standards, a startup business in the UAE holding a general trading license is permitted by the Department of Economic Development to export, import, or trade all other goods.
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Asked Questions about license service
A mainland license, also known as an onshore license, allows businesses to operate both within the UAE and internationally without any restrictions. It provides the flexibility to conduct various commercial and industrial activities. With a mainland license, you can tap into the local market while also having the freedom to expand your business globally.
The Department of Economic Development (DED) is responsible for issuing mainland licenses in Dubai. The process involves fulfilling certain requirements, such as choosing the appropriate business activity, securing a local sponsor, and meeting specific legal and financial criteria. It is advisable to consult with a professional business setup service provider to guide you through the application process and ensure compliance with all necessary regulations.
Yes, as of June 2021, foreign companies can now be 100% owned by foreign shareholders in the mainland of the UAE. This change in regulations aims to attract more foreign direct investment and foster entrepreneurship in the country. It provides an opportunity for international investors to have complete ownership and control of their businesses while enjoying the benefits of operating in the UAE market.
Choosing a mainland license offers several advantages, including the ability to conduct business across the UAE and internationally without any limitations. It allows for broader market reach and access to various commercial and industrial activities. Additionally, a mainland license enables entrepreneurs to avail themselves of government incentives, sponsor visas for employees, and benefit from the country's stable and supportive business environment.
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Fortunately, we aren’t just designers and developers here we are writer strategists, techs and creatives working towards the same end goal our client’s success. As a full-service digital marketing agency
Fortunately, we aren’t just designers and developers here we are writer strategists, techs and creatives working towards the same end goal our client’s success. As a full-service digital marketing agency
Fortunately, we aren’t just designers and developers here we are writer strategists, techs and creatives working towards the same end goal our client’s success. As a full-service digital marketing agency
Fortunately, we aren’t just designers and developers here we are writer strategists, techs and creatives working towards the same end goal our client’s success. As a full-service digital marketing agency