The Department of Economic Development in Dubai issues the necessary license for UAE and GCC nationals, the so-called DED license or eTrader license in Dubai. Foreigners with complete ownership in a company in Dubai can also apply for a DED trader license, for services and professional activities. One of our company formation agents in Dubai can provide support for business registration and also for obtaining the DED trader license in Dubai.
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How do I apply for a DED license?
According to the Department of Economic Development in Dubai, one must choose the place of business, whether in Dubai mainland or available free zones. It is important to note that there are specific regulations and business conditions for each region. The business structure needs to be selected by the person who applies for a business license in Dubai. If the business is already registered in Dubai, the following steps require attention:
- The Memorandum of Association of the company you have in Dubai.
- The tenancy agreement approved by the Municipality in Dubai.
- A valid Initial Approval Certificate.
- Specific approvals issued by Government bodies in Dubai. Talk to us for details about Dubai trade license cost.
If all the documents are submitted and approved, the DED license or eTrader license in Dubai will be issued. There are a series of aspects that must be overseen when it comes to documents. A dedicated agent and his/her services are required. Our company formation specialists in Dubai can handle the entire process. They can tell you about the fees for a DED license in Dubai. Here is a video presentation with extra details:
How much does a Dubai trade license cost?
Interested in a general trading license in Dubai? You should know that a DED license fee ranges between AED 620 and AED 2,000, depending on the business type. Additional costs might apply, but you should get in touch with one of our specialists in Dubai. The Dubai trade license cost should be observed from the start, before the application.
Facts about eTrader license in Dubai – What is Instant License?
The “Instant License” has been recently introduced by the Department of Economic Development to ease the business path of entrepreneurs in Dubai. This kind of service allows entrepreneurs to rapidly receive the DED license by skipping a few formalities. The Instant License can be rapidly obtained, within a few minutes. You can rely on our support and choose the services of our company incorporation agents in Dubai for a DED Instant License.
Who cannot have a DED trader license in Dubai?
Entrepreneurs interested in wholesale purchases and retail sales cannot apply for a DED or eTrader license in Dubai. In other words, a commercial activity that contains the purchase of goods for reselling purposes is not allowed under this type of license. Even though it is called eTrader license in Dubai, foreign businessmen cannot develop commercial and trading activities under this kind of authorization. Please feel free to discuss this with one of our company formation representatives in Dubai. Find out more about business authorizations in this city. We can also help you if you need to set up a company in Dubai.
Services offered by the Department of Economic Development
DED in Dubai provides a series of important services for entrepreneurs in this city. One can reserve the business name, obtain approval for establishing a branch, obtain the eTrader license in Dubai, renew the license, obtain a business approval, pay inspection fines, or make verifications about existing companies (name, business activity, license search, etc.). The main target of the Department of Economic Development in Dubai is to ease the company formation process as much as possible and to maintain a correct and straightforward procedure. The same body provides strategic services tailored to the needs of foreign and local business owners, regulating the whole economic development and performance in Dubai. The entire structure is based on innovation, in order to provide the best services possible. Foreign investors interested in a DED trader license in Dubai can discuss it with one of our specialists and ask for details. We also gathered some facts and figures about the economy of UAE:
- UAE registered more than USD 150 billion in terms of total FDI in 2020.
- The 2020 Doing Business report ranked UAE 16th out of 190 economies in the world.
- The total value of greenfield investments in UAE for 2020 was around USD 9,5 billion.
FAQ about eTrader license in Dubai
We often receive questions about business licenses in Dubai and the terms and conditions for applying for and obtaining this document. Therefore, here are some of them so you can get an idea of a general trading license in Dubai and its features.
- Who needs to apply for a DED trader license?
Foreign investors who benefit from 100% ownership of the company can apply for a business license in Dubai. This license is also required for investors in the UAE and GCC (Gulf Cooperation Council).
- Who issues the general trading license in Dubai?
The Department of Economic Development is the institution authorized to issue a business license in Dubai. Those interested in opening a business in Dubai must first check the conditions for a DED trader license.
- What are the required documents for a general trading license in Dubai?
The Memorandum of Association, the tenancy agreement, and a valid Initial Approval Certificate are required to obtain a business license in Dubai. The formalities involved can be managed by our company formation agents in Dubai.
- How much does a Dubai trade license cost?
Depending on the type of business you want to grow, the cost for a business license in Dubai varies. You should prepare an amount between AED 620 and AED 2,000. Please note that there may be additional costs in addition to those mentioned above.
- What is Instant License in Dubai?
Authorities have recently implemented a new possibility to obtain a DED trader license. This is an Instant License and can be obtained under less complex conditions. If you are interested in this type of license for your business, do not hesitate to talk to our local agents.
- Is eTrader license required for commercial and trading activities in Dubai?
No, the eTrader license in Dubai cannot be used to buy products for resale on the market.
- Who needs a DED license in Dubai?
Companies with activities in the manufacturing sector, professional activities, management, and consultancy must apply for a business license in Dubai. Wholesale trading and textile import and export are other activities for which a DED trader license is required.
- Can I do more business with a business license in Dubai?
Yes, you can do up to 3 activities with a general trading license in Dubai? The conditions for obtaining this document can be discussed with our local agents.
- Do I need a DED license for opening a travel agency in Dubai?
Of course, you need to apply for a DED trader license in Dubai if you plan to open a travel agency in this city. The formalities are simple and can be successfully managed by our team of company incorporation agents in Dubai.
- Why work with a DED trader license agent?
Foreign investors must ensure that they obtain a business license in Dubai in a relatively short time. Hiring a local agent for the formalities involved in the process is advantageous. Thus, foreigners can have the guarantee that the conditions and legislation involved are respected.
Choose our local agents for a DED license in Dubai
Legislation on business licenses in the UAE may seem complicated at first glance. Therefore, a specialist in the field can provide the necessary support to those interested in opening a business in Dubai. As the license is an important aspect to consider when registering the company, it is good to make sure from the beginning. This way, you will not have to worry about rejecting the license application and you will start the activities in a very short time. Rely on the professionalism and efficiency of our team.