OVERVIEW OF BUSINESS SETUP IN UAE

Obtaining a trade license is a crucial step when starting a business in the UAE. The process can vary depending on the emirates state and the type of business activity you intend to engage in. Here are general steps that are commonly involved in obtaining a trade license in the UAE:

1. Determine the Type of License:

Decide on the type of trade license based on your business activity. Common types include commercial, industrial, and professional licenses.

2. Choose a Business Activity:

Clearly define and choose the specific business activities you want to undertake. This information is crucial for the license application.

3. Select a Business Name:

Choose a unique and appropriate name for your business. Ensure it complies with the naming conventions set by the authorities.

4. Legal Structure:

Determine the legal structure of your business (e.g., LLC, sole proprietorship) and whether it will be located in a mainland area or a free zone.

5. Location:

Choose a suitable location for your business. If you opt for a free zone, you’ll need to select the specific free zone where you want to establish your business.

6. Submit Application:

Submit the trade license application to the relevant mainland authority or the respective free zone authority for businesses in free zones.

7. Initial Documentation:

• Prepare the required documents, which may include:

• Passport copies of shareholders and partners.

• NOC (No Objection Certificate) from sponsors (for expatriates).

• Memorandum of Association (MOA) and articles of association.

• Lease agreement for the business premises.

• Preliminary approval from relevant authorities.

8. Approval Process:

Await the approval of your trade license application. The processing time can vary depending on the type of business and the jurisdiction.

9. Payment of Fees:

Pay the necessary fees associated with the trade license application after intial approval.

10. Issuance of License:

Once the application is approved and fees are paid, the trade license will be issued. This license allows you to legally conduct business activities in the UAE.

11. Post-License Procedures:

After obtaining the license, you may need to complete additional procedures such as obtaining visas for employees, registering for social security, and opening a corporate bank account.