Commercial Trade License

A Commercial Trade License is granted for business activities that involve the buying / selling of goods, commodities and or services. Examples of businesses that require a Commercial Trade License include retail outlets, trading establishments, real estate brokerages, logistics companies, and educational / training institutions.

With a single Commercial Trade License, an entity may undertake up to ten allied business activities. A Commercial Trade License is granted by the Department of Economic Development in the emirate where you plan to set up your business establishment. If you are setting up your business in a free zone, the respective Free Zone Authority will apply for a Commercial Trade License with the Department of Economic Development on your behalf.

How to Apply for a Commercial Trade License?

The first step involves the selection of your business entity’s name. This is not so simple as it sounds, for there are rules which specify how you can name your company. For instance, you cannot have a name that has religious connotations or is associated in any way with religion.

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In need of professional assistance?

If you are establishing your business on the mainland or offshore, a business setup consultant can be of assistance, ensuring that all the paperwork is in order prior to submission. A company formation expert can also help you with all the other formalities, advising you correctly on what other clearances from Government agencies may be required. This way, you can be sure of getting the requisite Commercial Trade License to kickstart your dream.

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