A Commercial license is issued for companies that are involved in commercial activities. It can be granted to companies engaged in buying and selling goods. Both generalized and specialized traders should obtain commercial license and it’s a must requirement for trading within or outside the country. Using commercial license, people can perform various business activities such as trading of products, imports and exports, real estate, brokerage firms, logistics firms etc.
The issuance of a commercial license is under the direct jurisdiction of Department of Economic Development and other government authorities. Bizvise can help you get your commercial license in UAE in no time. We assist you in every stage of acquiring the commercial license that are necessary for your business and give reminders for its renewal. Our team will simplify the business setup process for you and minimize your costs.
UAE is an ideal destination for starting a company. To set up a business in UAE one needs to have a valid license. A Professional license is issued to service providers, artisans and/or craftsmen. It is required for an individual or a company to practice any profession in which he/she relies on talent and intellectual abilities.
In starting a professional firm, 100% foreign ownership and sole proprietorship are permitted. Those companies may engage in professional activities. Here a UAE national must be appointed as Local Service Agent (Wakeel Khidmaat), but he has no direct involvement in the business. Also this individual is paid a lump sum sponsorship fees per year. The role of the Local Service Agent is to help the company obtain license, visa, labour card, etc.
To perform industrial activities such as manufacturing, processing and other allied industrial activities in UAE, you need an industrial license. According to the UAE Industries (Development & Regulations) Act 1951, it is mandatory to obtain an industrial license before starting any business operations
Industrial license in Dubai is for those enterprises which make products from natural material or natural resources. You can make this either manually or by mechanical means and it can start from raw materials or from semi-manufactured ones. The activities in the company include production, segregation, accumulation, packaging etc. The license is issued by the Department of Economic Development (DED) and every company needs approval from the ministries and authorities to start their business operations.
UAE is a prominent hub for tourism. Tourism License in UAE is needed for businesses involved in travel and tourism sector. The companies can acquire unified licenses for commercial and tourism activities. To acquire a tourist license, it is mandatory to get some permits for conducting business activities from regulatory government agencies, such as the Department of Tourism and others. You can get in touch with the experts at Bizvise to understand more about tourism license in the UAE.
The Department of Tourism and Commerce Marketing, DTCM Authority has come up with the new rule, announced in the mid of October 2018, that the bank guarantee of AED 100,000 – AED 200,000 which is needed for the activities of Inbound Tour Operator, Outbound Tour Operator, and Travel Agent is no longer required. This dramatically reduces the initial investment and cost of Tourism license in Dubai. Also the minimum space requirement of 300 sq. ft. has also been removed and documents like experience letters and educational certificates for the managers in the same field once a mandatory requirement has been withdrawn. These measures are meant to improve and help investors looking for a tourism license in UAE region.