How to obtain a business license in the UAE?
To obtain a business license in the United Arab Emirates (UAE), entrepreneurs must follow the following steps:
- Choose the type of license: Entrepreneurs must choose the type of license that best suits their business. Common types of licenses in the UAE include commercial licenses, industrial licenses, and professional licenses.
- Choose the legal form of the company: Entrepreneurs must choose the legal form of their company, which can be a sole proprietorship, a limited liability company (LLC), a simple commandite partnership (SCP), a special commandite partnership (SPC), or a public joint stock company (PJSC).
- Obtain a commercial permit: Entrepreneurs must obtain a commercial permit from the Department of Economic Development (DED) for their company. The commercial permit must be renewed annually.
- Obtain an operating permit: Entrepreneurs must obtain an operating permit from the local municipality for their company. The operating permit must be renewed annually.
- Obtain special approvals: Depending on the type of business, entrepreneurs may need to obtain special approvals from other government agencies, such as the Ministry of Economy, the Ministry of Interior, and the Ministry of Health.
- Commercial location: Entrepreneurs must have an approved commercial location for their company before they can obtain a business license. They can either rent a commercial space or purchase a commercial space.
It is important to note that the conditions and requirements for obtaining a business license may vary depending on the specific regulations in the United Arab Emirates. It is recommended to contact a legal consulting firm or a company formation agent to obtain accurate information on the procedures for obtaining a business license in the UAE.