Procedure of Issuing a Trade License

What is the procedure of issuing a license of all activities and legal forms?

• Obtaining the initial approval (Emirates Identity Card or Unified Identity Number)
• Trade name reservation
• Obtaining activity approval from the other entities if required.
• Obtaining the memorandum of association based on the legal type.
• Obtaining a service agent contract for professional licenses
• Tenancy contract issued by the Real Estate Regulatory Agency.

What are the terms and conditions for opening branches of foreign companies and free zones companies?

• Initial approval
• (Freehold) The local service agent became optional in the license
• Emirates ID Copy and Passport Copy of the company's manager and local service agent
• Approval of other government entities based on the activity
• The decision of the Board of Directors to open a branch and appoint a manager
• Approval of the Ministry of Economy
• A copy of the memorandum of association and the commercial registry attested by the UAE embassy and the Ministry of Foreign Affairs

What are the terms and conditions for opening branches of other emirates companies and branches of GCC companies?

• Initial approval
• Trade name reservation
• A copy of the identity card or Unified number
• A copy of the responsible manager's Emirates ID or Unified number
• A copy of the license of the parent company located in the other emirate (valid)
• The approval of other government entities (if any, according to the activity)
• The decision of the Board of Directors to open a branch, and appoint a manager
• A copy of the Memorandum of Association and the Commerce Registry
• Approval of Ministry of Economy

What is the maximum number of licenses that UAE nationals, GCC nationals and foreigners can own?

• No Limit

Tradename terms and conditions?

• It is required to obtain a trade name that contains "Holding" 50 million and its legal form is LLC
• The customer has the right to use the word “group” in the trade name if the activity was Investment and Corporate Management Services (if he has 5 licenses or more).
• The trade name can differ from the company name in the case of investment and partnership companies.
• The customer may use a trade name or trademark on the shop signboard after getting the permit.
• It is not permitted for the branches of companies to own a trade name in Dubai that differs from the trade name in the country of origin, whether it is local / Gulf / free zone / foreign
• Reserving the names of countries or capitals requires the approval of the embassies of the concerned countries.
• The trade name can be reserved through the?Invest in Dubai platform, or by visiting the service centers.

What are the minimum and the maximum number of partners in the license for the various legal forms?

• The sole proprietorship is owned by a one person only.
• The minimum number of partners for the limited liability company is 2 and the maximum number is 50.
• The civil works and the partnership companies are composed of 2 or more partners.
• The private joint-stock company doesn’t include less than 3 founders.
• The public joint-stock company offers its shares for subscription and has unlimited number of partners.

Can a commercial activity be practiced in a car?

• If the??person owns a commercial license then he is authorized to sell his products??using his car if he obtained an approval from the Roads and Transport??Authority and other authorities concerned with the activity.

What does general trading activity include? Is it possible to conduct all commercial activities through general trading activity?

• he general trade activity includes the trade of all types of goods, products and merchandise mentioned in detail in the trade category of the Activities Classification Guide, except for those that require approvals from other entities. It is possible to practice trading all types of goods, products and merchandise mentioned in detail in the trade category of the Activities Classification Guide, except for those that require approvals from other entities.

Can a national from another emirate serve as local service agent?

• Yes

Can a license be issued in the same business location whether the two licenses holder was the same person or a different person for each license?

• Same local must be for the two license taking in to consideration the space of the site.

What at the legal forms?

• Sole proprietorship, civil works company, limited liability company, partnership company, public shareholding company, private shareholding company, government liaison office, representative office, branch of a local company,?branch of a foreign company, branch of a free zone company and one person company (LLC).

Source: www.ded.ae