What are the lesser-known business licenses in Dubai?

It is the dream of many to set up a company in Dubai and the other parts of the UAE. Dubai offers mainland and free zones for company incorporation. A smooth company formation is only possible in Dubai if you hire a business consultancy. Because they know the rules and regulations of setting up a company in Dubai. They are well-versed with government policies and terms in Dubai.

The business consultancy helps you in deciding the jurisdiction under which you should form your business. It will help you acquire a business license. There are mainly three different types of business licenses. They are as follows:

· Commercial License

Business owners who business activities like transportation, healthcare, contracting, trading, real estate, food suppliers, rentals, etc. need Commercial license.

· Industrial License

Factory owners that operate factories such as food mills & packaging, carpet manufacturers, word products, furniture manufacturers, appliances % machinery factory and lightening equipment manufacturers need Industrial license

· Professional License

Individuals who work independently like lawyers, consultants, marketers, auditors, writers, organizers, doctors, accountants, freelancers, etc. need a Professional License.

But not many know that other than these licenses, UAE also offers three more licenses. They are as follows:

1. Tourism License

Companies and businesses that provide services related to travel and tourism must have a tourism License. Business activities that are included in this license are services such as guest houses, travel agencies, hotel renting, tourist camps, cruise boat rental, restaurants, etc. Dubai is one of the most visited places in the world due to its high-class lifestyle and class infrastructure.

2. Agricultural License

As the name suggests, individuals and companies that are into the cultivation of growing crops and harvesting crops and grains need an agricultural license. Trading plants and crops, pesticides and fertilizers, pest control, etc. is not possible without acquiring this license in Dubai.

3. Craftsmanship License

Individuals and companies that require physical strength, abilities, and skills need to have this license. The government of the United Arab Emirates issues the craftsmanship license to people who are plumbers, carpenters, electricians, and blacksmiths. Also, companies who hire such people require this license to work effectively under the UAE law.

EBMS is one of the leading business consultancy service providers in the UAE. If you want to know the business license cost in Dubai, contact us today.

What are the different business license types in Dubai and what are the types of companies that can be registered under these licenses?

Dubai offers several types of company incorporation offers to investors and businessmen. The three main jurisdictions that Dubai has for enterprising entities are Mainland, Free Zone, and Offshore. Each jurisdiction has its advantages along with rules and regulations. Like to set up a company in Dubai Mainland, you need to have a local sponsor who holds 51% of the company’s shares. Dubai Free zones offer 100% ownership with advantages like less to zero taxes. Offshore is similar to free zone companies but has different set targets and goals.

You have to decide which jurisdiction suits best for your business activities and apply for a relevant license. The Department of Economic Development is the authoritative body that issues licenses to business entities for setting up a company in Dubai Mainland. Dubai Free Zone Authority issues licenses for Free Zones and Offshore companies. The business licenses cost in Dubai is also different for different licenses.

The following are the different types of business licenses issued by the Dubai authorities:

· Commercial License

Business owners who business activities like transportation, healthcare, contracting, trading, real estate, food suppliers, rentals, etc. need Commercial license.

· Industrial License

Factory owners that operate factories such as food mills & packaging, carpet manufacturers, word products, furniture manufacturers, appliances % machinery factory and lightening equipment manufacturers need Industrial license

· Professional License

Individuals who work independently like lawyers, consultants, marketers, auditors, writers, organizers, doctors, accountants, freelancers, etc. need a Professional License.

The following are the types of companies that can be registered under these licenses:

• Joint Venture Company
• Private Shareholding Company
• Public Shareholding Company
• Civil/ Professional Company
• Limited Liability Company

You also need to have passed through certain eligibility criteria for acquiring any of these licenses. For example, if you need a professional license and want to form a professional Company then you need to have a valid professional qualification/s in the respective field of expertise.

For some licenses you need a local agent to act as a liaison between the government department and your company. EBMS will help you in getting one. EBMS is one of the most trusted business consultancy service providers in Dubai. They will help you with the process of company registration. They will help you in getting the right business license. To know the business license cost in Dubai, contact EBMS.