Is it possible to get a trade license in Dubai without an office space?
Owning a business in one of Dubai’s most emerging economies means increasing sequentially palpable goals for your business, and getting a trade license in Dubai is the first step towards it. The power to issue a trade license in Dubai lies with the Department of Economic Development, which allows you to set up a business in Dubai.
Setting up a business in Dubai is a dream come true for foreign investors and freelancers because it allows them to expand their business in an area that has a potential economic growth rate.
So as you are acquainted with the general concept of a trade license in Dubai, further in this blog we will give you a brief idea about the importance of a trade license in Dubai and the process of obtaining a trade license in Dubai without an office space.
Significance aspects of obtaining a trade license in Dubai without an office space
1. Make a business plan for your business
No one can gainsay the truth that every entrepreneur starting a business requires a business plan as a first step. This is an integral part, as, without a business plan, you won’t be rational in weighing the possibilities of growth and outcome for your business. Investors unaccustomed to the business idea of their business cannot bode well in the future. So you must make a plan for your business before proceeding with your business operations.
2. Workplace alternative
Suppose you have a work license but no office space. On top of that, you don’t have an alternative workplace for your business to conduct business-related decisions. So as an entrepreneur, it is a must-do thing that you find an alternative workplace to quality work with utmost concentration.
3. Adequate use of the right technology
Technology advances have indeed given substantial reason to work efficiently remotely from many parts of the world. However, without investing in technology, you cannot attain the goal of maintaining a virtual company. So it becomes important that you use an adequate amount of technology to keep your clients and employees active.
4. Flexible hours according to your business requirements
No office package for your business means that you will get a copious amount of time for doing work at any time from anywhere. To allocate flexible hours, you must organize activities and time accordingly.
5. Virtual meetings
Technology gives us the best way to utilize the resource when working without a physical office. So it becomes the utmost priority to work through the tools that technology offers us.
The process of getting a trade license in Dubai without an office space
1. Name your business
Your difficulties regarding the likelihood of business will vanish once you have selected a name that resonates with the idea of your business. So to obtain a trade license in Dubai, you must select a trade name for your business that complies with all the guidelines of the UAE.
2. Set a legal structure for your business
By keeping in mind the updated rules and guidelines of the UAE, you must set a legal structure for your business and its liabilities.
3. You must decide the comprehensive activities of your business
To maintain the smooth functioning of your business, it is advisable that you wisely choose your business activities beforehand, which will determine the nature of your business and trade license. Also, once you have chosen the specified activities to work with, they will not exceed another activity.
4. Initial approval for your business’s
Once you are done with the initial process of obtaining the trade license, the process of business registration starts only after getting approval from the Department of Economic Development. This is a necessary step to fill out the application form for license approval.
5. Gather all the required document
You must assemble all the required documents duly signed and authenticated by the required authority.
6. Submission of application
After completing all the processes and necessary documents, submit your application to DED to get a trade license for your business.
7. Payment of license fee
You must be free from all the obligations associated with paying the license fee and the document fee that is required to get the trade license.
Advantages of trade license in Dubai
- A trade license in Dubai gives you a legitimate right to obtain recognition and gain trust among customers, partners, and investors
- You can get access to a market with no restrictions
- By having a trade license, you can expand internationally your business
- A trade license will give your business the benefit of tax exemptions
- Businesses in Dubai that have a trade license can always hire legal employees
- You can partake in tender activities that are endorsed by the government
- A trade license gives you the right to safeguard your business interest by safeguarding it from several disputes
- Operating a business becomes easier with the government’s streamlined process
Types of trade license in Dubai
1. License for commercial trading
If you are planning to operate the business activities of trading products, exporting and importing products, and many more, it is a must that you acquire the necessary commercial trade license.
2. Professional license
What types of business activities require a professional license? If you are involved in activities such as providing healthcare services, auditing, consulting services, and others related to digital marketing, you may require a professional trade license.
3. License for industrial trade
A trade license in Dubai without an office space cannot apply in this situation because these business activities are mainly related to manufacturing products, which may require you to have your own physical office in the country.
4. Trade licenses for tourism
To regulate the tourism industry, the UAE government has issued a trade license for tourism businesses mainly related to the business of tours, travel, and hospitality. So before proceeding with the tourism business, you must acquire a trade license in the UAE.
Assistance you may need to obtain a trade license in Dubai without an office space
Save yourself from the subtleties of setting up a business in Dubai because we will safeguard the trust endowed on us by you. We expedite the procedures for company formation and provide adequate assistance to obtain a trade license in Dubai without an office space. At Flyingcolour, our services of excellence provide the bulwark for your business’s safety. Enjoy the affordable fee for a Dubai trade license that is high in other countries. With a leading consultancy company like Flyingcolour enjoy the pleasure of getting a trade license in Dubai without an office space. That will allow you to save time, money, and effort.
To learn more about online home business licenses in Dubai, book a free consultation with one of Flyingcolour team advisors, call +971 50 5585305, or send WhatsApp messages to +971 4 4542366. You can also drop an email at info (at) flyingcolour (dot) com.
*Please note that this article has been published on 29/12/2023 in accordance with the federal policies and updates at the time of writing. For the latest info please talk to our consultant.
