The growth of the industrial sector in the United Arab Emirates (UAE) looks promising. Dubai, given its robust infrastructure and favourable business initiatives, attracts entrepreneurs from across the globe and hence contributes a lot to this growth. You can also benefit by starting a manufacturing or production business. Availing the relevant legal document is the primary step towards that. Read on to get insights on obtaining an industrial license in Dubai.
What is an Industrial License in Dubai?
The Dubai Department of Economic Development (DED) issues the industrial license, which is a legal document required to conduct manufacturing and industrial business. If you are producing goods, materials, or modifying natural resources, you must obtain this license.
Process of Availing of an Industrial License
To obtain an industrial license in Dubai, you must follow a specific process. The steps are mentioned below:
Finalise Business Activity
An industrial licence encompasses a number of activities, such as assembling, processing, and manufacturing. Finalise one based on your business goals.
Secure an Office Space
Own or lease a space for your business based on the chosen business jurisdiction. Dubai offers different options with regard to space, like a warehouse or labour camps.
Obtain Approvals
Draft a business plan outlining all the details. You must obtain necessary approvals from the Dubai Chamber of Commerce and Industry, the Industrial Register, and the Ministry of Health based on the chosen business activity.
Submit Application Form and Documents
Fill out the application form and submit it to the authorities at the Dubai Department of Economic Development (DED) along with the necessary documents.
Approval of Dubai Municipality
Once you obtain approval from the DED, you have to pass the inspection conducted by Dubai Municipality to ensure that the company is complying with all the safety, environmental and health standards.
Obtain the License
After all required approvals are obtained, you must pay the requisite fees to obtain an industrial license in Dubai.
Documents Required for Obtaining an Industrial License
You must submit certain documents to the government authority to obtain legal documents for a business setup in Dubai. Some of the documents include passport copies of the shareholders and directors, residence proof, copy of the balance sheet, land lease agreement and copies of all approvals obtained from relevant authorities.
Benefits of Availing Industrial License in Dubai
There are numerous benefits which can be enjoyed by obtaining an industrial license. Some of them are mentioned below:
- Renting an industrial space for the business becomes easier.
- The government offers land for the establishment of the company at a discounted rate.
- Financial help is provided by the government for Research and Development if the product is able to boost the economy.
- Discounts are offered on water, electricity and other utilities.
- You can avail loans at lower rates for innovative products.
Also, read about why Dubai is considered a global business hub.
Why Choose BSW?
Business Setup Worldwide aids in establishing a company overseas. We assist our clients in laying the groundwork for their business by providing business-related services. Our consultants are well equipped to handle the legal procedures involved with company formation in the UAE. Contact us to learn more about availing an industrial license. We will be happy to help you set up your dream company.
