In order to start a business in Dubai, UAE business owners need to have a trade license also referred to as a commercial license or a business license. Trade license in Dubai is a legal document that outlines the activities that can be carried out across jurisdictions in Dubai.License issuance process varies from one emirate to another. In Dubai, the Department of Economic Development (DED) issues the trade licenses. Licenses can be issued normally or instantly. In a normal license,
a Memorandum of Association (which can be obtained either electronically or manually) and a site lease agreement is required. Instant Licenses are issued in just one step and within five minutes for a group of activities that do not require outside approvals, with the option to issue a memorandum of association and a virtual site for the first year. This is a great program that provides a grace period of one year for companies to do business in Dubai. The licensee gets an instant membership in the Dubai Chamber, an establishment card from the General Directorate of Residency and Foreigners Affairs, and three work permits for employees from the Ministry of Human Resources & Emiratization. Read more about this in our blog here: https://www.yabs.ae/instant-licenses-in-dubai/