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Generally, the cost of a trade license in Dubai ranges from AED 15,000 to AED 50,000. However, this can even rise further depending on the types of goods you want to sell, which might require special approvals by the UAE government.
Considering this, how much does general trading license cost in UAE? A Dubai general trading license fees can be around AED 30,000 to AED 40,000, depending upon several factors. It can also be used as a legal holding structure within the UAE and other licensing authorities.
Likewise, what is the cheapest trade license in Dubai? The International Free Zone Authority (IFZA), Dubai is one of the cheapest Freezone in Dubai. IFZA is also one of the most cost-effective Free Zones in UAE. It offers a low-cost company license in Dubai starting from AED 11,900. This is the best Dubai free zone license offer in 2022.
You asked, how can I get trade license in Dubai?
- Select Economic Jurisdiction.
- Select Company Structure.
- Select Business Activities.
- Get the Initial Approvals.
- Get an Office Space.
- Prepare the MOA.
- Get the External Approvals.
- Submit the Documents to the DED.
Similarly, how long does it take to get a trade license in Dubai? It may take anywhere between three days to a few weeks to get a trade license in Dubai. The time taken to get a trade license is subjected to your business activity, the approvals required for your business from governmental and non-governmental authorities, etc.How much does it cost to renew a trade license in Dubai? Typically, you should expect to pay in the region of AED 8,000 to AED 15,000 for a standard license renewal.
How much does it cost to open a general trading company in Dubai?
To set up an onshore business in Dubai costs a minimum Dh34,340 ($9350), the rankings note, and requires payment of myriad fees. These include Dh15,000 for a general trading licence, plus fees of Dh10,000 to Dubai Municipality, Dh3,000 to the Ministry of Economy and Dh1,200 to Dubai Chamber of Commerce.
How much do you need to start a business in UAE?
In DMCC, the minimum share capital for forming a free zone company is AED 50,000 per company and AED 10,000 per shareholder. For a company to be issued a General Trading Licence, it should have a minimum of AED 1 million share capital. In Hamriya Free Zone, you can form an FZE with a share capital of AED 150,000.
How much does it cost to start a business in UAE?
The exact fee will be determined according to the company’s legal structure, and of course, the chosen free zone. The costs for registering a company in a Dubai free zone is not exceptionally varied; it is usually around the range of AED 9,000 to AED 10,000.
Which free zone is best in Dubai?
The DMCC (Dubai Multi Commodities Centre) is a strong contender as the UAE’s best free zone. In fact, the Financial Times’ awarded it ‘Global Free Zone of the Year’ no less than four times.
Who needs trade license in UAE?
- Who needs a general trading license? Companies with import and export activities involving textiles, furniture, foodstuff, and electronics, to give a few examples, require having a general trading license.
Do I need a trade license in Dubai?
The law stated that online activities carried out for commercial purposes must have a trade license in Dubai. The trade license in Dubai must be sanctioned by the Department of Economic Development (DED) and the National Media Council (NMC).
What is UAE trade license?
What Is a Dubai Trade License? The business license is a document that designates what activities a company can carry out in the UAE. Each trade license is issued by the Department of Economic Development. General trading licenses are valid for several activities in Dubai.
How many types of trade licenses are there?
There are 3 types of trade licenses that a company or individual can apply for based on the type of trade or business they take forward.
How much does DED license cost?
DED trader license: It is a sole establishment license that can be obtained by Dubai home-based businesses issued with the trade name. It can be applied through “Invest in Dubai” platform with a fee of AED 1070 (license fees and knowledge and innovation fees) + AED 300 (Dubai Chamber membership fees).
How can I pay my Dubai trade license online?
Log in via the platform’s website: https://invest.dubai.ae. Select renew a license. Enter the license number or trade name. Enter email address.
How do you get trade license?
- Copy of Business Registration Card.
- Copy of National Identity Card (Individual) or Certificate of Incorporation, National Identity Card of Director and Companies Act.
- Copy of Building and Land Use permit.
- Copy of Site, Layout and Location plans.
