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Commercial License in the UAE

A commercial license in the UAE is essential for businesses engaged in trading activities, including the buying and selling of goods. It is one of the most sought-after trade licenses, issued by the Department of Economic Development (DED) in various emirates, including Dubai, Sharjah, and Abu Dhabi. 

This license covers a broad spectrum of business activities, such as retail, wholesale, and import-export trade. Neo Vision Corporate Services provides end-to-end solutions for companies seeking a commercial license, ensuring compliance with local regulations and seamless operations.

Scope of a Commercial License

  1. A commercial license allows businesses to engage in:
  2. Import and Export: Trade businesses can import and export goods across borders.
  3. Wholesale and Retail Trade: Covers the sale of goods to consumers or other businesses.
  4. General Trading: Allows companies to trade in multiple unrelated products under a single license.
  5. E-commerce: Commercial licenses may extend to digital trading platforms and marketplaces.

Businesses involved in electronics, construction materials, automotive parts, or food distribution often rely on a commercial license to operate legally within the UAE.

Advantages of Obtaining a Commercial License

  1. Local and International Market Access: Businesses can freely operate both within the UAE mainland and internationally.
  2. 100% Repatriation of Profits: Investors can repatriate their capital and profits without restrictions.
  3. Tax Benefits: Full exemption from personal and corporate income taxes in certain jurisdictions.
  4. Flexible Business Activities: Companies can conduct multiple business activities under the same license.
  5. Visa Eligibility: Investors and employees are eligible for residency visas, making it easier to attract talent.

Process of Obtaining a Commercial License

  1. Select Business Activities: Determine the specific trading activities your business will conduct.
  2. Choose a Company Name: Ensure the trade name complies with UAE naming conventions.
  3. Submit Required Documents: This includes passport copies, shareholder details, and initial approvals from the relevant authority.
  4. Apply for DED Approval: Once the documents are verified, the commercial license is issued by the DED or the relevant free zone authority.
  5. Open a Corporate Bank Account: A commercial license facilitates easy bank account opening.

Neo Vision Corporate Services streamlines the entire licensing process, from document preparation to visa application, ensuring businesses can operate without disruptions