Dubai is known for its dynamic business environment and has established itself as a global hub for trade and commerce. Whether you’re an entrepreneur or an established professional, obtaining a professional trade license is essential to legally operate your business in Dubai. Here is a step-by-step guide to help you navigate the process of acquiring a professional trade license in Dubai.
Step 1: Determine Your Business Activity
Make sure your business falls under the “professional” category, as there are different types of licenses for other industries, such as commercial or industrial.
Step 2: Choose a Business Name
Ensure the business name you choose adheres to the guidelines set by the Department of Economic Development (DED), as they will conduct a review of the name during the application process.
Step 3: Select a Local Service Agent
For a professional trade license in Dubai, it is mandatory to appoint a Local Service Agent (LSA), who is either a UAE national or a company owned by UAE nationals. The LSA will assist with government formalities and liaise with authorities but will not have any ownership rights or involvement in the business’s day-to-day operations.
Step 4: Submit the License Application
Once you have finalized your business activity, business name, and LSA, you can apply for a professional trade license through the Department of Economic Development (DED) in Dubai.
Step 5: Draft the Memorandum of Association (MOA)
For professional licenses, the Memorandum of Association (MOA) outlines the responsibilities of the partners (if any) and the company’s structure. This document must be prepared and notarized by a public notary in Dubai.
Step 7: Rent Office Space and Finalize Tenancy
To obtain a trade license, you must have a physical business address in Dubai. The office location must meet DED’s standards, and the tenancy contract must be attested by RERA.
Step 8: Pay the License Fees
Once the application is approved, you will need to pay the applicable license fees, which typically include:
Step 9: Collect Your Professional Trade License
After the fees are paid, the DED will issue your professional trade license, which allows you to legally operate your business in Dubai.
Step 10: Open a Corporate Bank Account
Once you have your professional trade license in hand, the next step is to open a corporate bank account in Dubai.
Conclusion
Acquiring a professional trade license in Dubai is a simple process if you follow the required steps and submit all the necessary documents. Once your license is issued, you can start legally operating and take advantage of the many business opportunities Dubai has to offer.
