Do you dream of starting your own business in Dubai? One of the first steps you need to take is obtaining a trade license.
A trade license is a legal document that allows you to conduct business activities in the Emirate of Dubai. But how much does it cost to get a trade license in Dubai? Let’s find out.
Types of Trade Licenses
Before we delve into the costs, it’s important to understand the different types of trade licenses available in Dubai. The Department of Economic Development (DED) offers three main types:
- Commercial License: This type of license allows you to engage in trading activities such as buying and selling goods.
- Professional License: With a professional license, you can provide services in areas like consultancy, accounting, legal, etc.
- Industrial License: If your business involves manufacturing or industrial activities, you’ll need an industrial license.
The Cost Breakdown
The cost of obtaining a trade license in Dubai depends on various factors such as the type of license, the nature of your business activities, and the location. Let’s break down the costs for each type of license:
Commercial License
The cost for obtaining a commercial trade license starts at AED 10,000. However, this fee can vary depending on factors such as the size and location of your business premises.
Professional License
If you’re planning to start a consultancy or provide professional services, the cost for obtaining a professional trade license is approximately AED 7,500. This fee may vary based on your specific profession and requirements.
Industrial License
For businesses involved in manufacturing or industrial activities, the cost of obtaining an industrial trade license starts at AED 15,000. The final fee will depend on factors such as the size and nature of your industrial operations.
Additional Costs to Consider
While the trade license fees mentioned above cover the basic costs, there are some additional expenses you should be aware of:
- Sponsorship Fee: If you’re setting up a business in Dubai mainland, you’ll need a local sponsor or partner. This sponsorship can incur additional costs.
- Office Space Rent: Depending on the size and location of your business premises, office space rent can add to your overall expenses.
- Visa Costs: To legally work and reside in Dubai, you’ll need to obtain visas for yourself and any employees. Visa costs vary depending on several factors.
In Conclusion
Obtaining a trade license in Dubai is an essential step towards starting your own business. The cost will depend on factors such as the type of license and the nature of your business activities.
Be prepared to consider additional expenses such as sponsorship fees, office space rent, and visa costs. It’s advisable to consult with a business setup consultant or contact the DED for accurate and up-to-date information on trade license costs.
Remember, starting a business requires careful planning and financial preparation. By understanding the costs involved in obtaining a trade license in Dubai, you can better plan your budget and set realistic expectations for your entrepreneurial journey.