UAE Business License: How to Apply and Get Approved.docx

1. UAE Business License: How to Apply and Get Approved Business Setup UAE especially business setup Dubai is not difficult, provided one wishes business setup in a market that is full of opportunities. There are different activities and procedures that a businessman has to follow, the first one is choosing an appropriate type of business structure, obtaining considering all the legal requirements in a particular location. For those unclear about the laws, there are various business setup services that will help the individuals or companies deals with the procedures to start businesses effectively. all the necessary permits and Certificate attestation in UAE, authenticates personal and professional documents for legal and official purposes in the United Arab Emirates. Certificate attestation process is important to the expatriates and the foreign investors because the certificate attestation in UAE guarantees that all the certificates meet the standard required in the society and make it easier for one to carry our business in this energetic economy. The United Arab Emirates (UAE) is one such market among many others that has attracted interest from business people seeking to grow their companies. Another characteristic requirement for Business Setup UAE is the need to acquire a lawful business permit. This document provides people with legal permit to carry out business operations in the country. We shall take you through the process of how to obtain a business license in the UAE and approval. Step 1: Find out the license type needed Business license applications therefore require business owners to determine the appropriate license for a particular form of business. The UAE government has divided the license types depending on the type of business and activates that one intends to pursue. It’s important to understand the guidelines given by the license, especially if you operate in a particular industry, to pick the right license.

2. Step 2: Identify information detailing the exercise of delivering the Local Authorities. All the Emirates in the UAE have their rules and their own bodies who are authorized to grant the business licenses. Comprehensive research will lead everyone to the specific authority that is in charge of the issuance of licenses within an Emirate. Step 3: Complete the essential paperwork For business license in the UAE, you have to submit a number of documents as follows: These documents vary depending on the license category and could include: Application Form: For this purpose it is necessary to complete the application form, which may be offered by the particular authority. Company Profile: Provide information about your company and its history, goals and objectives, and ownership constitution. Trade Name Reservation: Get to know from the concerned authority whether the trade name, which you plan to adopt is available or not. Certificate of Incorporation: Include any relevant document if you are from a different country to your home country, you should produce a certificate of incorporation. Proof of Address: Attached a copy of any of the following document that depicts a residential address in UAE not more than three months ago, utility bill or lease agreement. Financial Projections: Include balance sheets, income and expenditure statements, cash flow statements, or any other similar projections of your company’s cash flow. Partnership Agreement: File a partnership agreement in case of every partner for all the shareholders or partners in the company.

3. Ownership Documents: For ownership documents: copies issued by another country government to one individual or entity, submit the original passport, visa copies of the ownership documents. Step 4: Submit the Application After assembling every document required, go to the website of the authority or the office where business license application is accepted. One should always use the guidelines given on the authority’s website to complete the application accurately and in full. Step 5: Wait for Approval After satisfactory submission of the application, the applicant will wait for the authority granting approval. The time taken in approval mainly depends on the type of license applied plus the comprehensiveness of the applied for license. They suggest keeping in touch with the authority frequently to check on the progress of your application. Step 6: Collect the License If your business is approved, then the authority will grant your business a business license. There are two methods of procuring the license, either personally go to the authority and collect the license or get it from your door step. The license should also be kept safely because it is useful in the operation of any business in the United Arab Emirates. It is crucial therefore for any business seeking to venture into UAE to find it a business license. According to the provided guidelines and obtaining the necessary documents, it is possible to obtain a business license as quickly as possible. Of importance one must ensure that there is always a check on any changes or developments that may be made in respect of the application requirements and regulations.