The United Arab Emirates holds the record of a massive transformation from a land of the desert to a land of business. Holding the 7 Emirates in its arena, the nation has become a favourable choice in the eyes of the established businessperson as well as entrepreneurs. The nation has placed its name in the minds of businesspersons to such an extent that now setting up of business reflects UAE as the ultimate destination. Ranging from multinational to small business industries, Dubai, the heart of UAE, spreads its arm for all. According to a recent report published by the World Bank, Dubai has been ranked 11th in the ease of doing business leading the Arab region to the next level. The Emirati Government takes equal effort to lift the business sectors and invites more foreign investors to incorporate a business in the UAE.
Apart from the initiatives, the government also demands the business entities to hold specific licenses based on the business activities they carry out in the premises.
What is a Business License?
A business license can be referred to as an official permit issued by the Government Authorities to business entities, allowing them to carry out the business operations without any hindrance. While issuing a license, several parameters are taken into consideration like the location of the business, core activities, business industry etc. and is issued accordingly.
What are the Different Types of Business License in Dubai?
By now we have known that each company set up in Dubai needs to obtain a specific license based on the core business activities performed in the company premises. Below listed are the different types of business licenses that are available in Dubai.
How to Obtain a Business License in Dubai?
When it comes to obtaining a business license in Dubai, different authorities get involved in the process. Well, the permissions that need to be obtained by different industries are outlined below:
Approvals Required From
Banks or Financial Institutions
UAE Central Bank
Finance and Industry Ministry
Economy and Commerce Ministry
Medical and Pharmaceutical
Gas and Oil Industry
Several Government Agencies
Dubai Chamber of Commerce and Industry
What are the Documents Required to Obtain a Business License in Dubai?
To obtain the respective license, a set of documents are to be presented to the governed authorities which includes:
By submitting the documents stated above, you can initiate the process of obtaining a business license for your business entity. Now, getting involved in the process could be tedious and risky. Any error figured out in the process might lead to cancellation of the license, which will ultimately affect the incorporation process. To ease the same, we at Business Setup Worldwide offer a one-stop business solution to our clients that makes us one of the top business consultants in the UAE. If you are looking for a general or specific business license, we can help you in the process of obtaining it. To know more, contact us-we’d be glad to assist.