So, if you're looking to start new business in Dubai, here are 10 potential business ideas for your consideration.
- Restaurant. The UAE has more food and beverage outlets per capita than anywhere else in the world.
- Construction.
- Health and wellbeing.
- Transport.
- Freight and cargo.
- Real estate.
- Web development.
- Cleaning services.
Initial start-up costs were around Dh27,000 with an annual licence renewal fee of around Dh7,500. Other costs included a Dh150,000 bank deposit and rental on the shop. Visas for staff were also around Dh7,000 per person.
Dubai Trade License Renewal Fees
| Business license type | Trade license fees (AED) | Renewal fees (AED) |
|---|
| General Trading | 25,000 | 25,000 |
| Service | 10,000 | 10,000 |
the Dubai Multi Commodities Centre
5 Steps to Start a Trading Company in Dubai
- Plan your business. You can start your company in one of the 25+ free zones.
- Consult with a company registration agent.
- Select the activity and the jurisdiction.
- Find a Sponsor if you are registering locally.
- Get itemized costs for your company setup.
To start a construction license in Dubai you need to obtain special approvals from the blow authorities. Drainage and Irrigation Department: It provide with liquid waste management as well as other disposable services. You need an approval form a Building Department and Dubai Civil Defense Authority.
7. 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.
12 Best Online Shopping Sites To Sell Your Items In Dubai & UAE
- Souq. Souq is a technologically-driven online shopping site and platform trusted by millions across the Middle East region.
- Awok. Awok offers a whole new seller experience that's more convenient.
- Jollychic.
- Mumzworld.
- Lets Tango.
- Easyshopping.
- Noon.
- Sharaf DG.
How can I print my DED license online? You can print the DED license by logging on the DED e-services portal and selecting the “Print license” service. This is the easiest way to get a copy of your trade license in Dubai.
Requirements to obtain Trade License in UAEPrepare your business legal status in UAE. Select a company name. Submit an application to the Department of Economic Development for initial approval. Lease business premises and obtain approval from the concerned Authority.
The eTrader licence from Dubai Economy (DED) allows UAE nationals and GCC nationals residing in Dubai to practise business activities through various social media networks. The eTrader licence can be registered under the name of a single owner only.
- Login to Al Islami Online Banking.
- Click on "Payments" and select "Pay Bills"
- Select "Department of Economic Development (DED)"
- Enter the “DED Transaction Numer” in the dedicated field.
- Select the account to debit.
- Confirm the transaction details.
- Submit (You can also download the DED Transaction Receipt immediately.
Directly from
DED Web site, users can
print the
License Certificate.
Print License
- On Business Dashboard page, under My Transactions, click Print License.
- In the Licenses section, in the License Nr. text box, type your license number.
- Click View/Print.
Dubai company register: Procedure
- Decide who will be your local partner – “Sponsor”
- Get a name and activity approval from the Department of Economic Development (DED)
- Look for business premises and make a tenancy contract.
- Make a Memorandum of Association (MOA) with the sponsor and submit to DED.
The License Fee starts from AED 12,000. Activity fees start from AED 150 to 500 depending upon the type of business activity.
A trade license cost in Dubai will be anywhere between AED 15,000 to AED 50,000 (approx.) or even more.
General trading companies operate in a broad array of industries, including metals, energy, machinery, food, chemicals, and real estate. With respect to the form of business, in addition to conventional trading, they are also active in resource and business investment.
Trading companies are businesses working with different kinds of products which are sold for consumer, business, or government purposes. Trading companies buy a specialized range of products, maintain a stock or a shop, and deliver products to customers.
The steps to obtain the general trading license in Dubai include:
- Choose a suitable trade name and legal structure for your company.
- Decide on all the business activities to be involved in the business license (a maximum of 10 per license).
- Fill in the application for primary approval.
A trade license is a document/certificate that gives the permission to the applicant (person seeking to open a business) to commence a particular trade or business in a particular area/location. However, the license does not allow the holder to any other trade or business than for it is issued.
Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties. Trade can take place within an economy between producers and consumers.
Following is the difference in between Trade and Shop Establishment License: An individual who is going to commence any business or shop needs to get the business registered with the local government in Shop Establishment while trade license is a permission given to a person to carry out a particular business or trade.
