The life that you dreamed of awaits you in Dubai! That is what this land is known for. Converting dreamers who work wholeheartedly into millionaires. Dubai has been the top business destination, as well as, an investor-friendly regime with pro-entrepreneur policies. You need not require a multi-million dollar investment, but obtaining a small business license in Dubai itself can pave the way for great achievements.
Obtaining a business license in Dubai is the first step towards becoming a successful entrepreneur. With the latest regulations in force, ex-pats are authorized to company formation in 100% of ownership. The licensing procedure would depend on the jurisdiction you choose. A proficient business setup service in Dubai would be your guide and the right support for concluding the formalities and kick-starting your venture.
The leading business setup services in Dubai since 1999, Kiltons offers you assured assistance and support. For more info, company formation support, and to undertake formalities for small business licenses in Dubai, reach out to us today.
Benefits of Getting a Small Business License in Dubai
Let the business is big or small, Dubai turns out to be the ideal location to establish it. Not many global destinations can challenge Dubai in this aspect. If you are thinking about why a majority of investors are looking to get a small business in Dubai, the benefits we list below are the answer to that.
- Strategically located region it is, Dubai offers great growth prospects to small businesses looking to expand to more regions. Dubai is at the crossroads of Europe, Africa, and Asia opening opportunities for more businesses.
- Dubai is undoubtedly one of the top places globally with advanced infrastructure, connectivity, logistics facilities, communication network, and energy resources. These are the factors necessary for a business’s sustenance and growth.
- A small business license in Dubai can be gained in Dubai Mainland or any of the free zones. These diverse options make it more advantageous to expatriate entrepreneurs. They can analyse the locations and jurisdictions based on their objectives and business goals. And determine the right jurisdiction to get a small business in Dubai.
- Policies and regulations that support business investment are other features that make Dubai an ideal business destination. Getting a big or small business license in Dubai is not an uphill task. The Department of Economy and Tourism (DET) in Dubai has laid down a hassle-free straightforward business establishment process. It would be further easy to get a business license in Dubai and start a company at the right location with the support of an expert business support service like Kiltons.
- Dubai has a dynamic economy with almost all the sectors like tourism, real estate, trading, manufacturing, finance, technology, technology, and power growing rapidly. The supportive political regime and visionary policy-making have been supporting the overall growth and financial development. Making it the best decision to get a small business in Dubai.
- A large populace, from all over the world, with a significant per capita income is a speciality of Dubai. Their presence provides the possibility for optimal exploration of the market.
Challenges for a Small Business in Dubai
Dubai's business world offers several advantages including those stated above. Even though considered minimal compared with the benefits Dubai offer, there are challenges as well. Knowing about them would be useful before you go ahead with a small business license in Dubai.
- Fierce competition awaits you in Dubai. Everyone wants a piece of the pie and is constantly exploring multiple ways to gain more customers. Your job doesn’t end with obtaining a business license in Dubai. Brilliant marketing strategies, customer-centric services, and quality-proven products are essential for remaining in the competition. Get a small business in Dubai at the right location, to reach out to more clients.
- Labour regulations are there, promulgated for ensuring the wellness of ex-pat employees. You need to adhere to the rules regarding hiring, wages, accommodation, and termination of employment. Else, it can lead to punitive measures from authorities.
- Legal formalities may appear cumbersome since you are new to this land. This challenge can be resolved simply by hiring us for business setup in Dubai.
What is a Small Business License in Dubai?
A small business license in Dubai indicates the license issued for operating a small-scale business in the region. A trade license is mandatory for starting a venture in Dubai Mainland or in any of the free zones. The license will indicate the type of business activities authorized and the jurisdictions where the business can operate.
The business license is issued by the relevant authority depending on the jurisdiction. If you want to get a small business in Dubai Mainland, the DET will have to be approached in the laid down manner for the business license. In the case of a free zone company, the related free zone authority will issue the license. Dubai Multi Commodities Centre (DMCC) is the authorized body for issuing licenses for commodities trading.
You may talk to us if you want to get a small business in Dubai and needs help from experts.
Types of Business Licenses in Dubai
The business license in Dubai will differ depending on the business you are planning. The different types of business licenses in Dubai are:
- Professional License: The individuals or firms planning to provide professional services in Dubai should get a professional license. The professional services include consultancy, accounting, auditing, legal services, IT, advertising, marketing, and engineering.
- Commercial License: For those starting a small business in Dubai that involves trading activities, the company should get a commercial license. All trading-related operations like retail sales distribution, wholesale, import of goods, export, and general trading require the firm to have a commercial license. Make sure to confirm the type of license you need before you proceed with the formalities for a small business license in Dubai.
- Industrial License: Manufacturing units and companies looking for other industrial activities need to get an industrial license in Dubai. With this business license in Dubai, the company can undertake manufacturing, assembling, production, and processing activities.
- Tourism License: A tourism license is a small business license in Dubai for travel agencies, tour operators, tourist centres, and other tourism-related businesses.
In addition to the above, there are food and beverage licenses for businesses from that sector, e-commerce licenses, media licenses, service licenses, and freelance licenses. You may call us or drop us a mail to discuss more in detail about how to get a small business in Dubai, specific factors related to small business licenses in Dubai and so on.
Documents Required to Start a Small Business in Dubai
The DET or the free zone, where you plan to get a small business in Dubai, will seek all the documents that prove your identity, business plan, details of partners (if any) and other related certificates. There might be a requirement for specific approvals depending on the type of business. Accordingly, the business owner may have to obtain approvals from the Ministry of Health, Dubai Municipality, etc. prior to forwarding the application. At the same time, you may note that the procedure for a business license in Dubai would differ according to the jurisdiction.
The following documents are to be forwarded along with the application for a small business license in Dubai:
- Business plan finalized by the owner(s)
- Registered business name of the company (There are stipulations regarding the business name. Those are to be adhered to before forwarding the trade name for registration. Else, the DED/ free zone might reject the name)
- Notarized Memorandum of Association and Article of Association (AOA)
- ID proof of the owner, as well as, shareholders
- Copy of passport of owner, shareholders, and directors
- Elaborated details regarding the business activities planned by the company
The small business license in Dubai may cost around AED 8000 to 10000. However, this is just an approx value for your info. The business license cost in Dubai depends on several factors and hence the exact cost may differ.
You are ready to get a small business in Dubai once the authority approves the application and issues the business license in Dubai.
The Tail End
Dubai is the right place to get a small business. It can grow into a large entity in no time, with hard work, planning, marketing, and an optimistic approach. There are numerous examples that state this to be a truth. Many entrepreneurs you see around started as small-scale business owners. Getting a small business license in Dubai can open up the pathway for your success.
Kiltons Business Setup Services has been a trusted companion for materializing business dreams. We are proud to be the mainstay behind many successful businesses set up for about two and a half decades. Our close-knit relationship with the authority helps in extending optimal support to our clients. We endeavour to offer cost-effective, budget-friendly, and productive company formation.
We would be delighted to help you with a business license in Dubai and all the formalities for establishing a company in this promising land. You may call us or drop us a message regarding the same. Our executives will connect with you at the earliest to take the discussion further.
For more info regarding small businesses in Dubai and the business licensing process, call us now.
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