what is the Cost of a trade license in Dubai
A trade license is mandatory for every business setup in Dubai. It is a legal certificate given by Dubai Economic Department to business individuals granting permission to conduct their business activities in Dubai. If anyone does illegal activities or activities not mentioned in the form leads to cancellation of to trade license in Dubai and has to pay the fines. One must clearly understand the licensing procedures depend on your business activity types and the corresponding permits from the concerned authority. You should have apt knowledge of business license costs and their requirements and geographic location such as mainland or freezone or even an offshore company formation in Dubai. There are mainly 3 categories of licenses depends on your business activity, such a s industrial, professional, and commercial. Depends on your area, the cost will be different, and incases additional amount should be paid for getting approvals and they will be charged separately.We can do the approximate calculations on the additional fees depends on our area.UAE is not costly for issuing business licenses and minor charges are applied by the government. If you are a foreign individual to acquire a trade license in Dubai, you need to give your business name in English, so additional charges will be issued by the ministry and if it is in Arabic name, it will be free.
Business setup in Dubai is more reliable and a large group of entrepreneurs is being attracted because of its tremendous opportunities in different fields. You will be given different options to pay for license fees. You can pay it in installment monthly or yearly and there always come up with some offers and reductions on your fees.
Renewing your trade license has given equal importance as obtaining the same. Trade license renewal Dubai should be done before the expiry date to avoid fines and your license validity is one year.
The exact cost of your trade license can be calculated depends on different attributes , cost of business licensing lies between AED 25,000 to AED 50,000 including additional charges. After holding all legal formalities, DED issues your trade license in Dubai. The requirements of trade license cost also vary on business partners and multiple sponsors.
Why should you need a trade license in Dubai?
- A trade license is a legal certificate that identifies your trade name and business setup company in Dubai.
- Trade License in Dubai protects your business enterprises from public enterprises.
- Trade License ensure your safety in different public related activities and procedurals measure of government authorities.
- A Trade License is an entry pass that helps you in participating in newly introduced business schemes.
- In order to take day-to-day accountability of business activity, a trade license in Dubai is a must
- 100% tax-free
- Trade beyond borders
- Multiple visa services
- Auditing is not compulsory
- No currency restrictions
- Simple and hassle-free process
- Banking facility availability
Comments
Post a Comment