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Trade Licenses in UAE – Types & Renewal

A business-friendly and tax-free environment encourages more business owners and organisations to set up shop in the UAE. However, the most important step to follow when it comes to company formation in Dubai or elsewhere in the UAE is obtaining the appropriate trade license for the activity and scope of work of the business.<br><br>When it comes to renewing your commercial licence, you could consider hiring a company setup consultant in Dubai, like IFZA. <br><br>For more info visit here https://ifza.com/set-up-your-business/<br>

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Trade Licenses in UAE – Types & Renewal

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  1. Trade Licenses in UAE – Types & Renewal https://digitalhbs.wordpress.com/2021/05/23/trade-licenses-in-uae-types-renewal/

  2. A business-friendly and tax-free environment encourages more business owners and organisations to set up shop in the UAE. However, the most important step to follow when it comes to company formation in Dubai or elsewhere in the UAE is obtaining the appropriate trade license for the activity and scope of work of the business.

  3. Types of UAE Trade License In the UAE, various trade licenses are mandatory for various industries. Companies may apply for any one of these Business Licenses: • Professional License – for specialized jobs that include professional services, such as technical, lifestyle and other services  • Commercial  License – for all forms of trading activities such as exports and imports. • Industrial License – for production or industrial work, including manufacturing, processing, packaging and re-export of specific products.

  4. Specifications for Getting a Trade License in the UAE Before opening any business, one must follow the below steps for obtaining a trade license in UAE. • Decide the type of service: Professional, Commercial, or Industrial • Determine all associated business activities under the Business License. IFZA provides for 3 free business activities per License, with the option to apply for additional activities in one business license.   • Prepare the legal standing of your company in the UAE.  • Choose the name of the firm, which must be compliant to the regulations of the jurisdiction.  • Submit a request to the Authority Rent the property to seek authorisation from the Authority involved.

  5. Trade License Renewal UAE • Every year, all UAE companies must renew their trading licences. The certificate shall also comply with the government’s laws. This will lead to rapid growth and higher sales for companies.  • When it comes to renewing your commercial licence, you could consider hiring a company setup consultant in Dubai, like IFZA. 

  6. This Article is originally appeared on https://digitalhbs.wordpress.com/2021/05/23/trade-licenses-in-uae-types-renewal/

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