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Dubai Freezone Services

Dubai Free Trade Zone License

With Dubai’s free trade zones offering exciting opportunities for many businesses and companies, it is not a big surprise that it has become a top favorite by many individuals and organizaations who are eyeing to expand their venture. However, just like other countries, a Dubai free trade zone license is imperative for you to officially and legally kick-start your business operations.

Businesses of any category are required to have a trade or business license in Dubai. The requirements for the trade license as well as the permissions required from different government ministries and agencies tend to vary and depend on the specific business category.

This means that certain types of business, such as health services, financial services, food trading and publishing and printing, will require more clearances compared to say, a business which deals with general trading.

Dubai Company Registration: 3 Categories of Dubai Business Licenses

Depending on the specific nature of activity that a business entity is planning to undertake, any of the following licenses is going to be issued:

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    Industrial License – This type of license is being issued to a company which engages in manufacturing or other industrial activities.
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    Commercial License – It is a license being issued to a company which engages in any type of trading activity.
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    Professional License – This is the license being issued to professionals, service providers, craftsmen and artisans.

The DED or Department of Economic Development of Dubai is the specific agency of the government which has the responsibility of license issuance in Dubai. The department is operating from different locations to deliver its licensing services, with its main office situated close to Dubai’s Clock Tower. It is the place where businessmen should go in order to get a comprehensive selection of services.

Process of Approval for Business Registration

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    The UAE Central Bank is the one that approves the issue of license for banks and other types of financial institutions.
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    The Finance and Industry Ministry is in charge of approval of license issuance for manufacturing companies.
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    The Ministry of Economy and Commerce in UAE will approve the issuing of licenses for the companies which engage in insurance and other firms of similar category.
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    The UAE Health Ministry will approve the issuance of licensing for the pharmaceutical and medical products.
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    For those companies which engage in oil or gas production, there might be a need for additional approvals and requirements from other agencies of the government.
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    In general, registration of a business in Dubai is expected to have the involvement of Dubai Chamber of Commerce and Industry.

Procedure of Company Registration in Dubai

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    Decide or choose your UAE national partner or sponsor.
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    Come up with a name and get your activity approval from the DED or Department of Economic Development.
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    Search for business premises and create a tenancy contract.
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    Make a MOA or Memorandum of Activity with your sponsor and submit this to the DED.

Submit your MOA and your license application to the DED together with the tenancy contract and the required legal documents. At this stage, you will have to pay all the fees and charges. You will be able to get your license after about one week following the last step.

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