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You must obtain the necessary trade license to enable setting up a business in Dubai. You may already know that. Nevertheless, obtaining a standard trade license for your company requires at least four weeks. This timeline could be excruciating if you intend to launch your business in this profitable location. In that case, a Dubai fast business license is the ideal trade license for you.
Would you like to obtain a business license in Dubai quickly and easily? Here is comprehensive guidance on how to get this license to launch your business in Dubai.
How does one get an Instant Business License in Dubai?
We understand that you may be eager to learn the basic procedures of getting a Business license in Dubai instantly. However, acquaint yourself with the nitty-gritties of quick licensing before beginning the primary process.
In the year 2018, the Department of Economic Development (DED) Dubai introduced an “instant business license” with the primary objective of stimulating the economy of the United Arab Emirates by drawing in new investors such as yourself and streamlining the process of obtaining a commercial license in the UAE Mainland .
A business license can be issued in five to ten minutes thanks to the digital portal’s nearly instantaneous processing of this license.
For those ready to launch their firm, the immediate business license proves ideal.
With this license, you can spend the first twelve months getting used to Dubai’s way of life and customs.
You have a year in Dubai to finalize the trade name for your business and take care of the paperwork. Later in the second year, you can concentrate on growing your company. With the quick business license in this location, you may efficiently explore Dubai, streamline operations, estimate growth potential, and establish a network.
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Benefits associated with obtaining a Dubai business license immediately
With the help of an instant business license, you can benefit from a quicker business establishment process in Dubai. Aside from this, this license has several other advantages. The following is a summary of the main advantages that come with the quick business license:
- The application process for a quick business license in Dubai takes around ten minutes approximately to complete.
- You do not require a short or long-term lease agreement.
- You can access the Dubai market immediately.
- The Memorandum of Association (MOA) does not need to be notarized to obtain an instant business license.
Eligibility requirement issuing of instant business license
Getting a Trade license in Dubai is fast, convenient and easy. A few eligibility requirements must be fulfilled to obtain this license. The following are the prerequisites for eligibility for a quick business license in this city:
- Businesses in the specialized and commercial sectors are qualified to apply for an instant business license in Dubai.
- Businesses engaged in activities exempt from additional departmental or external authority approval or permission may also apply for an instant business license in Dubai.
- Applications for a quick business license are also accepted from sole proprietorships, LLCs, and civil companies.
What documentation is essential to apply for an instant business license in Dubai?
You must submit multiple documents to apply for a business license, just like any other license. The common documentation to obtain a quick business license in Dubai is listed below:
- Copies of your passport and the passports of each stakeholder in your business.
- A copy of your visitation or residency visa and your Emirates ID
- Copies of the Emirates ID and passport of your local sponsor
What steps should you take to obtain a company license right away?
When applying for a Dubai Instant Business License, you must take a few steps. The essential steps to obtain a business license in Dubai instantaneously are listed below:
Make a Smartpass for Dubai
For a quick and straightforward licensing procedure, you can use the Department of Economic Development’s online e-service to create a Dubai Smartpass ID. To generate a Dubai Smartpass ID and access this site, you will require your Emirate ID via the e-service platform.
Decide on your line of business
You must select business activities for your company after generating your Dubai Smartpass ID to obtain an instant business license in Dubai. Whether or not you are eligible for this license depends on the business activity you have chosen. Numerous activities appropriate in the area have received approval from the DED. As a result, you ought to choose one or more business endeavours based on your needs.
Confirm the jurisdiction
The next step is to choose a jurisdiction based on your company’s needs. By choosing Dubai Free Zone, you may take advantage of numerous advantages like no customer tax and no currency restrictions, among many others. By selecting the mainland, on the other hand, you can deal with regional and international markets.
Decide on a legal structure
There are only a few legal structures available to you when applying for the Instant Business License: LLCs, sole proprietorships, and civil companies. When selecting a legal structure, you should also take the share capital and shareholding orders into consideration.
Choose the name of the company
Select a company name that complies with UAE business naming regulations. Make sure you choose three names for the company that are not related to religion or initials.
Pay Business license cost in Dubai
Once you have decided on a name for your firm, you should apply for a Dubai quick business license. This is the stage where you should think about a few things. It is advisable to seek assistance from a Business setup consultant in Dubai, such as A&A Associate to assist you in submitting this application.
Open a corporate bank account
The most crucial step for your business operations is to open a corporate bank account with any commercial bank in Dubai. It is possible to open a corporate account that can handle all transactions with an instant business license.
Obtain a visa
Finally, to relocate to Dubai for your commercial activity, you need to obtain a visa. You can apply for an employee or family visa with this authorization.
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In what way may A&A Associate assist you?
Obtaining a quick business license in Dubai could speed up the start-up procedure for your company. A&A Associate Business setup in Dubai can assist you at every stage to obtain your quick business license, from setting up a Dubai Smart pass to obtaining the necessary visa. Get your questions concerning this license answered by our specialists.
