Setting up a business in Dubai can be both an easy and difficult process. For entrepreneurs, the easiest way to set up their business is through acquiring a DED (approved commercial} license from the Dubai Trade License Bureau (DETC). Before you are allowed to trade in Dubai you must also acquire a business visa. Both of these documents are available from the Dubai Ministry of Commerce and Economic Development. The legal system in Dubai is based on Arabic Law, so all legal proceedings are Arabic based.
While setting up a business in Dubai, UAE, for instance, you have to have certain legal permissions for performing business activities. A trade license from Dubai permits you to perform all the legal activities in the UAE. It's issued by the Dubai Department of Economic Development, commonly referred to as DED Dubai, and is considered a Dubai trade license. You need a DED to open any kind of business in Dubai - including trading, service, retailing, finance, and administration.
If you want to set up a business in Dubai, it is best to apply for a DED before starting your retail outlet or any other trade. One of the requirements of getting a business license is that you have to purchase a valid passport or a visa to enter the emirate. A valid passport is necessary if you want to start a business in Dubai or perform any business-related activities there. This is because a Dubai national cannot enter the emirate of Dubai with an invalid or fake passport. If you do not have a valid passport, a Dubai trade license may not be approved by the Dubai authorities.
In addition, you also need a DED if you plan on engaging in international trade or performing any commercial activities through the internet. This is because a business license from the Dubai Trade and Business Office may not be accepted by some international courier companies. International shipping services may also refuse to arrange hauls or deliveries to a business location located in Dubai if you do not have a valid trade license. In such cases, your only alternative would be to hire a Dubai transportation company to transport your goods to the emirate. However, since these services are normally very expensive, it would not make financial sense for an expatriate to use them for business purposes.
Once you obtain a business license from Dubai, you have to sign a master tenancy contract. This contract, which is also referred to as a master lease, dictates how the property you have purchased (or are buying) will be used. A typical master tenancy contract contains the following parts: a release of trust, a release of assignment, an assignment of trust, a release of assignment, payment of money, and a right of redemption. Each of these sections is typically written in Arabic, although the terms may be translated into any other language. If you are unable to understand Arabic, it is highly recommended that you seek the services of a professional translator.
Another important requirement that you must meet before starting up your business activities in Dubai is that you obtain a copy of your business visa. This document is called an E-Trader Company License and it is required for all business activities performed out of Dubai. In order to obtain this license, you will have to submit a completed application form to the Dubai Ministry of Foreign Affairs. This application can be obtained at the nearest embassy or consulate of your country.
Before you can start selling or doing Business setup in Dubai, you will also have to obtain a Company Formation Certificate. This is often included with your business license and you may not be able to get it unless you purchase an e-trader visa from the Dubai authorities. For company setup in Dubai, you may need a letter of arrangement from the emirate that you are wishing to do business with. A letter of arrangement is required before you can conduct trade in Dubai.
Once you have all the necessary documents and business activities underway, you can apply for a license to operate a trading company. You will need to provide the Dubai Attorney General with all the documentation that he or she requires in order to obtain the license. If all is in order, you will then be issued with a Company Formation Certificate. This company formation certificate should then be presented to the Dubai Civil Aviation Authority for you to be able to register your aircraft with the Civil Aviation Authority of Dubai.
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Ras-Al-Khaimah (RAK), one of the seven Emirates that make up UAE has established an International Corporate Centre (ICC) to simplify setting up an offshore company in the UAE.
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