How to get a business license in UAE
How to get a business license in UAE – The licensing of companies in the UAE is essential and mandatory. While it seems that the establishment of companies in the UAE is an exciting and successful matter, the correct incorporation process of the company requires licensing before starting to operate in the country
In order for the process of licensing your company in the UAE to be smooth, we at Legal Group provide the best services in this field, through a specialized team of professionals. Therefore, in this article, we will talk about licensing companies in the UAE, and the services we provide to our clients in this field.
What is a corporate license?
A corporate license in the UAE gives a legitimate identity to this company and its current and future business. It clarifies the legal status of any business or commercial company operating in a particular area.
On the other hand, corporate licensing ensures that the company takes full responsibility for its actions, besides it manages, protects and classifies the legal issues of the company.
The importance of licensing companies in UAE
The importance of licensing companies, is to give you and your company the qualification to operate in any emirate of the United Arab Emirates in an official and legal manner.
Thus, the task of licensing is not only to manage the business operations of the company, but also to care about the safety and welfare of the consumer. In addition, it also provides the company with legal recognition from local and global authorities.
Advantages of licensing companies in UAE
1- Showcasing the Feature
Owning a licensed company allows you to benefit from the ownership of a licensed and approved company, which practices and displays its business on a large scale.
Which will not only attract credibility and more customers, but also increase the interest of shareholders and investors. This will therefore make a significant contribution to the success of your business.
2- Tax Rights
A company license in Dubai ensures that individuals have to file tax returns separately. While this process can be tedious for some, it helps you cut down on big business expenses that are hard to miss when filing personal taxes, making reporting losses and income much easier.
3- Personal Safety
Licensed companies can protect themselves, based on licensing and business formation, against all obligations. Different types of licenses offer different stages of protection, so if the industry suffers certain damages, your personal funds will not face any legal repercussions thanks to the license
Types of licenses available in UAE
Business licensing is one of the first steps in establishing companies in the UAE. Accordingly, the authorities have approved four different types of commercial licenses, namely, the commercial license, the professional license, the industrial license, and the tourist license.
1- Commercial license
Companies with a commercial license in the UAE are allowed to sell or buy goods. Firms with this type of license are eligible to export or import goods, open brokerage agencies, trade products, rental services, etc.
In addition, obtaining this business license is mandatory for any entity, whether it is planning to conduct business in the UAE or abroad.
Companies can also start trading gold, precious metals, cars and their parts, as well as used furniture, oil and gas, chemicals and safety equipment
2- professional license
Businesses that employ an individual’s theoretical knowledge to serve a group of consumers require a professional license.
This license is provided to auditors, consultants, and professionals of similar backgrounds. To classify entities with more than one owner as a “Civil Business Establishment” after obtaining its license.
3- Tourist license
Companies that provide travel and tourism services can obtain a tourism license to conduct their business in the United Arab Emirates.
Given the emergence of the Emirates, especially Dubai, as a popular tourist destination for the United Arab Emirates, this type of license has become a standard option among businesses.
Companies that provide hospitality, leisure, accommodation and tour management services apply for this type of license.
What is the best type of business license in Dubai?
The best kind of licenses you can get are the ones that fit your business. While some licenses may be appropriate for some businesses, others may not be compatible with similar businesses
This means that you can apply for a business license depending on the industry, business and company structure.
However, the suitability of a license for each business varies, and the region in which you decide to set up a business in Dubai plays an important role in determining the best business license for you.
Documents required for licensing companies in UAE
In order to license your company in the UAE, you must have the following legal documents:
- Copy of passport and copy of investor and manager visa
- The complete application for the company’s business
- Rental contract, if any
- Three name choices to reserve the company name
- Certified degree certificate
- Experience certificate
How can we help you in Legal Group to license your company in UAE?
How to get a business license in UAE?
We work in Legal Group to provide corporate licensing services in the UAE in highly professional ways, through a team of professional specialists, to facilitate your business in the UAE.
Therefore, contact us at Legal Group to benefit from our services, or to establish your company or factory in the UAE, within 48 hours only. We do all collection services and represent your organization in a responsible and professional manner.
