United Arab Emirates (UAE) is a hub for business and trade in the Middle East, with various options for entrepreneurs to set up businesses. One of the main requirements for setting up a business in the UAE is obtaining a trade license, which allows businesses to operate within the country legally. While there are different types of trade licenses available in the UAE, some are more affordable than others. In this article, we will discuss the cheapest trade license in the UAE. What are the benefits of SPC free zone business setup? Read here!
Commercial license
Dubai Economic Department (DED) offers a range of trade licenses for businesses to operate within the emirate. The cheapest trade license available in Dubai is the “Commercial License.” This license allows businesses to conduct trading activities within the emirate, including buying and selling goods and import and export activities.
The cost of a commercial license in Dubai depends on the size and nature of the business. For example, if the business is a sole proprietorship, the license cost is AED 1,050 ($285). For a partnership or LLC, the license cost is AED 2,000 ($545). This makes the commercial license the most affordable trade license available in Dubai.
Professional license
In Abu Dhabi, the cheapest trade license available is the “Professional License.” This license is suitable for businesses that offer services such as consultancy, law, accounting, and engineering. The cost of a professional license in Abu Dhabi is AED 3,000 ($815) for an individual and AED 10,000 ($2,725) for a company.
Trading license
In Sharjah, the cheapest trade license available is the “Trading License.” This license allows businesses to carry out trading activities within the emirate. The cost of a trading license in Sharjah is AED 5,000 ($1,360) for a sole proprietorship, AED 10,000 ($2,725) for a partnership or LLC, and AED 15,000 ($4,085) for a company.
It is important to note that while the trade license cost may be affordable, other expenses are associated with setting up a business in the UAE. These include office space rental, visa fees, and sponsor fees. It is recommended that entrepreneurs consult with a business setup consultant to understand the full cost implications of setting up a business in the UAE.
The commercial license in Dubai is the cheapest trade license available in the UAE. This license suits businesses that carry out trading activities within the emirate. While the license cost may be affordable, entrepreneurs must understand the full cost implications of setting up a business in the UAE.