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Commercial Trade License
Commercial Trade License
In Dubai, licenses are necessary for all businesses. In Dubai, you need a valid trade license to buy and sell goods and services. The United Arab Emirates (UAE) market is open to local and international trade. If you meet the requirements, the business license will allow you to sell everything from toys and food to packaging and electronics. A commercial business license also covers real estate brokerage and property management services.
Business Activities under commercial license
The Department of Economic Development (DED) acknowledges various business activities. The DED can give an exhaustive list of allowed business activities. Below are some examples of permitted business activity in Dubai:
- Logistics
- Import and export
- Tourism and Travel
- Import and Export
- Brokerage
- Product-oriented sales (electronics, construction, shops, stores etc.)
- Real Estate
- Rental business
Business Activities under commercial license
Getting a commercial license in Dubai is easier than obtaining the majority of other company licenses. Also, the business license has other benefits. A business with a commercial license is able to engage in a variety of activities. The benefits of a UAE commercial license include:
- It enables the firm to trade many products.
- The corporate entity may engage in commerce in any UAE region. So maximizing the utilization of marketplaces across the nation.
- Auditing is not required for business license renewal.
- The corporation might apply for employment visas in order to attract international workers.
- The corporate entity with a valid commercial license is permitted to engage in international commercial operations and trade.
- Companies with a commercial license are permitted to pick their site anywhere in Dubai.
- Compared to other types of licenses, the reporting of financial transactions, turnover, and profits and losses is simpler.
- With a Dubai business license, opening a corporate bank account is straightforward.
- Businesses with a commercial license in the Free Zone can repatriate their whole profit. They are also free from taxation.
For more details about starting your trading or commercial business in Dubai, connect with our experts and get started.
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