Understanding the process of obtaining a DED trade license in Dubai

 Understanding the process of obtaining a DED trade license in Dubai

Obtaining a Department of Economic Development (DED) trade license is a necessary step for businesses in Dubai to operate legally.

Here is an overview of the process of obtaining a DED trade license in Dubai:

Determine the type of business activity: Before applying for a DED trade license, you need to determine the type of business activity you want to undertake. The DED has a list of over 2,000 business activities, and you need to choose the one that best suits your business. Choose the legal structure: You need to decide the legal structure of your business. You can choose from sole proprietorship, partnership, limited liability company (LLC), or branch of a foreign company. Choose a business name: Choose a unique name for your business that complies with the DED's naming conventions. You can check the availability of the name on the DED website. Obtain initial approval: Once you have chosen the business activity and legal structure, you need to obtain initial approval from the DED. You need to submit the necessary documents, such as passport copies, visa copies, and tenancy contract. Reserve trade name: After obtaining initial approval, you need to reserve your business name with the DED. You can do this by submitting the name reservation application and paying the applicable fees. Prepare legal documents: The next step is to prepare the legal documents, such as memorandum of association, articles of association, and other necessary documents. You need to get these documents notarized by a notary public in Dubai. Submit application: Once the legal documents are ready, you can submit the application for the DED trade license. You need to submit the necessary documents and pay the applicable fees. Wait for approval: The DED will review your application, and if everything is in order, they will issue the trade license. The time taken for approval can vary, but it typically takes around 5-7 working days. Collect trade license: Once the trade license is issued, you can collect it from the DED. You can also opt for the license to be delivered to your office for an additional fee.

In conclusion, obtaining a DED trade license in Dubai can be a straightforward process if you follow the above steps and ensure that all the necessary documents are in order. It is advisable to seek the help of a professional service provider who can guide you through the process and ensure that your application is submitted correctly.