Company Trade License Formation
Company Trade License Formation
Forming a company in the UAE requires obtaining a trade license, which is a mandatory requirement for any business operation. The process and type of trade license depend on several factors such as the nature of your business, the location of your company (mainland, free zone, or offshore), and the business activities you plan to undertake. Here is a step-by-step overview of the process
Types of Trade Licenses in the UAE
01.
Commercial License
02.
Professional License
03.
Industrial License
04.
Tourism License
Main Steps for Company Trade License Formation in UAE
1 – Choose the Business Activity
Select the type of business activity you want to conduct.
2 – Select the Jurisdiction
Decide whether to establish the company on the Mainland, in a Free Zone, or Offshore.
3 – Prepare the Memorandum of Association (MOA)
Draft the MOA, which outlines the company’s structure and ownership details.
4 – Submit Required Documents
Provide necessary documents, including passport copies, MOA, tenancy contract, and NOC (if needed).
5 – Apply for Initial Approval
Submit an application for initial approval from the Department of Economic Development (DED) or Free Zone authority.
6 – Submit Required Documents.
Provide necessary documents, including passport copies, MOA, tenancy contract, and NOC (if needed).
7 – Receive the Trade License
Obtain the trade license and begin your business operations officially.
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