How to Get a Trade License in Abu Dhabi?
Get a Trade License in Abu Dhabi
The Middle East’s market is both the most stable and fastest-growing. In the Middle East, Abu Dhabi is among the most preferable locations to start a business. Commercial and industrial companies call this emirate their home. It is an excellent place for business people looking to begin their business in the UAE.
The efforts of the Abu Dhabi Government to promote bilateral ties and trade with different countries globally make it an ideal location to conduct business activities. The emirate offers an extremely flexible and transparent way to start a business.
The process of setting up a business in abu dhabi starts with obtaining a Trade License. The trade license in Abu Dhabi is regulated by the Abu Dhabi Department of Economic Development. Without a trade license, starting a business in Abu Dhabi is illegal.
If you want to know how to get a trade license in Abu Dhabi, you must read this article. The article will provide you with an in-depth guide to getting this license. In addition, you will obtain every essential information about this license in this article.
Benefits of Trade License in Abu Dhabi
There are numerous benefits you can enjoy by getting a trade license in Abu Dhabi. Indeed, the most significant advantage of this license is that it lets you start your business in this emirate. Apart from this, there are other benefits of this license. Below is the list of the top benefits of this license:
1. Legal recognition and legitimacy
A trade license is an official permit to conduct business in Abu Dhabi. This fact tends to validity and legal recognition to the businesses. The license allows people who matter and possible clients to know that your company follows the local laws of the emirate. In addition, the license lets your customers know your business is ethical.
2. Tax benefits
Due to tax exemption and incentives for all businesses, Abu Dhabi has become one of the most attractive locations to start a business. Due to this fact, the place has become a reference point for all companies throughout the world.
The tax benefits can help you to save more cost in your business. Therefore, you can use this money for the betterment of your company. However, you can use this fund to improve the overall production quality of your business.
3. Sponsoring employees
The Trade License in Abu Dhabi will also give you the ability to sponsor your employee’s visas. Indeed, you have guessed it right. If you have a business or trade license, you can sponsor your employees and obtain a residency visa. This benefit will help you to hire an employee from all over the world, which will help you to expand or grow your business in this Emirate.
Types of Trade License in Abu Dhabi
The Trade License in Abu Dhabi is divided into four types. The following is the list of the types of Trade licenses available in Abu Dhabi:
- Professional license: This trade license is provided to people whose careers depend on their intellectual abilities, academic performance, and scientific expertise. The license will allow you to teach privately or within the institute, practice law, or work as an auditor. The license is especially for those people skilled in the academic field.
- Commercial License: A commercial license is mainly required to establish a business in Abu Dhabi. Business owners involved in healthcare, general trading, real estate, contracting, and transportation must apply for this type of trading license.
- Industrial license: The license will allow you to start an industrial business in Abu Dhabi. Companies owners involved in the manufacture of goods or products must apply for this license.
- Craftsmen license: The license is for people whose primary skill is working with their hands. Plumbers, electricians, carpenters, and more are some professional people who must apply for this license.
- Tourism license: The UAE is also known as a global tourism destination. It means that the tourism industry is one of the growing industries in the UAE. The tourism license will let you enter this industry. With this license, you may run a hotel, travel agency, and restaurant in Abu Dhabi.
Documents Required for Trade License in Abu Dhabi
When you want to get a trade license in Abu Dhabi, you must gather a few documents. The authority will ask you to submit these documents to give you this license. Let us take a look at the list of documents to obtain this license:
- A duplicate copy of the bank letter verifying the claimed financial status of the company
- Proof of your rental contract
- Trademark certification
- Shareholders signed the licensing agreement.
- A letter of clearance and no objections from your local sponsor
- A copy of the Memorandum of Association
- A document from the Ministry of Economy and Planning authorising the foundation of the firm.
- A copy of your residency permit
- A letter from the authorities allowing the proposed commercial activity.
- Copies of all shareholder’s passports
- Certified copy of immigration certificate
Apart from these documents, you might require some additional documents based on your selected license.
Procedure to obtain a Trade License in Abu Dhabi
There are a few steps to obtain a trade license in Abu Dhabi. The following is the list of steps you need to follow to obtain this license:
- Initially, you should select an appropriate trade license for your business.
- Secondly, you must select a business structure, like LLC, corporation, and more, for your business.
- While adhering to the UAE’s guidelines and rules, you must select the trade name for your business.
- You must submit the filled application to the DED to obtain initial approval.
- You should sign the Memorandum of Association (MOA).
- You must submit all required documents to the DED for final approval.
- Lastly, you should submit a new application and pay the fees to issue a Trade License in Abu Dhabi.
How can Flyingcolour help you?
The process of obtaining a Trade License in Abu Dhabi is a little difficult. Flyingcolour Business Setup can make your path to obtaining this license easier. Our team of experts can help you to get this license. We can give you helpful suggestions to obtain this license.
To learn more about the Get a Trade License in Abu Dhabi, book a free consultation with one of the Flying Colour team advisors, simply call +971 50 5585305 or send WhatsApp messages to +971 4 4542366. you can also drop an email to info (at) flyingcolour (dot) com.
*Please note that this article was published on 05/03/2024 by the federal policies and updates at the time of writing. For the latest info please talk to our consultant
