The UAE’s licensing procedure can seem complicated, especially due to the number of licenses provide for different needs. Along with common business licenses, such as professional, commercial, industrial, and tourism, there are also express licenses and specialist licenses. One of them is an Instant license, which is accessible in Dubai. The Department of Economic Development (DED) in Dubai initiate the Instant Licenses enterprise in 2018. The Instant trade license is a license that is available to those who accomplish professional and commercial business activities that can be acquired within minutes. If you are wondering how to get an instant trade license in Dubai, so there’s no need to worry as here we mention a complete guide to obtain an instant trade license.
Dubai is one of the varied regions of the United Arab Emirates (UAE). There are several enterprise and business opportunities in Dubai that attract overseas entrepreneurs. By identifying and understanding the requirement of the market, the instant trade license Dubai was launched by DED to help enhance UAE economy by attracting new traders into the market and making it quicker and easier to start a commercial license in the mainland UAE. The Dubai instant license is basically an express form of commercial or professional license that can be acquired without any approvals and documentation. The Instant trade license is a one-step procedure that does not require either the rent contract or Memorandum of Association (MOA) for the first year. Getting Instant trade license is so simple that it can take as little as five minutes with the whole procedure completed online.
- Benefits Of Instant Trade License in Dubai:
- Steps To Apply For Instant Trade License In Dubai:
- Documents required For Instant Trade license In Dubai
- Who Are Eligible To Apply For Instant Trade License In Dubai ?
Benefits Of Instant Trade License in Dubai:
Relying on the business activities, documentation, and approval needs specific to your business; getting a common trade license such as commercial and professional is a complex process and can take a lot of time. However, with the Instant trade license in Dubai, you can obtain your trade license with lesser needs, and within a few minutes.
- Same day issuance
- Issued on 5-10 minutes
- Trade name registration not needed for the first year
- MOA nit needed for the first year
- No rent needed the first year
- Start managing business instantly
- Online or in-person application
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Steps To Apply For Instant Trade License In Dubai:
1. Choosing Business Activities
The first and foremost step to start any business in Dubai is to determine your business activities. The essential thing to keep in mind is that your opted business activities are in line with those on the official DED list. The Instant trade license in Dubai is open to over 2000 business activities as set out by the DED.
2. Selecting Company Name
After choosing a business activity, the next vital step to take before making your application is to select a company name.
3. Making License Application
It is one of the vital steps to apply for an instant trade license in Dubai. This can be done either online via the e-channel portal or by visiting the service centers. This is so quick and simple that it should take no longer than five minutes with minimal documentation needed.
4. Making Visa Application
To apply for an instant trade license, you will also require a residency visa to work in the United Arab Emirates (UAE). With the help of a business setup provider, the visa application procedure can be incredibly simple. Most of the business setup service providers can help you with this step and also your business application.
Documents required For Instant Trade license In Dubai
The Instant trade license documentation requirements are minimal. Documents needs differ varying on the platform through which you apply for the instant trade license in Dubai.
If you are applying through DED’s Services platform:
- No additional documents needed
- Original ID needed to create an account and get A UAE Pass ID
If applying through service centers:
- Passport copies of all partners and managers
- UAE visit visa copy of oversea partner (if not holding residence visa
- UAE residence visa copy and Emirates ID of oversea partner
- Passport copy and Emirates ID for a local partner
- NOC from the current partner of residence visa-holding partner
Who Are Eligible To Apply For Instant Trade License In Dubai ?
The business or companies with the below mention business structures can apply for an instant license in Dubai:
- One Person LLC.
- Limited Liability Company
- Civil Company
- Sole proprietorship
The instant trade license in Dubai can only be issued to the business activities that do not require any external approvals.