`<H1>Step by Step: How to Get Trade License in Abu Dhabi?</H1>
Beginning a business in Abu Dhabi could be a rewarding opportunity, granting entry to a vibrant economy and its strategic location. Nonetheless, before the commencement of business operations, it is mandatory to have <a href="https://www.flyingcolour.net/blog/how-to-get-a-trade-license-in-abu-dhabi/">Abu Dhabi trade license</a>. This license can not only legalize your business but also make it easier for you to do business in the UAE market.
**What You Should Know about the Abu Dhabi Trade License?**
An Abu Dhabi trade license is a legal permit granted by the Department of Economic Development (DED) of Abu Dhabi. It allows individuals or businesses to conduct specific business activities in the emirate. A business is regarded as illegal without this license to operate in Abu Dhabi.
**Different types of trade licenses in Abu Dhabi:**
Depending upon the nature of your business you can apply any of the below trade licenses:
* Professional License: For catgories of people providing professional services on the basis of their skills and expertise eg; consultants, doctors, artists.
* Commercial License: For companies engaging in trading operations such as retail, wholesale, distribution, etc.
* Industrial License: Applicable for manufacturing companies that are involved in production of goods or products.
* Craftsmen License: For those providing services as carpenters, plumbers or electricians.
* Tourism License: For businesses working in the tourism industry like travel agencies, tour operators or hotels.
**Advantages of Getting a Trade License in Abu Dhabi :**
There are numerous benefits of acquiring a trade license in Abu Dhabi:
1. Legal Recognition: Forms your business into a legal entity acknowledged by the government.
1. Eligibility to Bid for the Government Contracts: Allows to bid government projects & government contracts.
1. Residency Visas: We give you the ability to sponsor employees and their extended families for residency visas
1. Banking Features: Eases opening of corporate banking accounts in the UAE.
1. Business Growth: Allows the scale-up of your business in the UAE and abroad.
**How to Get a Trade License in Abu Dhabi?**
1. Establish Your Business Activity: Know the exact activity your business will pursue, as this decides the license type.
1. Select a business name – Choose a name for your business that is unique and suitable for use in accordance with DED naming rules.
1. Determine the Legal Structure: Select the legal structure of your business, like a Limited Liability Company (LLC), sole proprietorship, or partnership.
1. File the Application for Initial Approval: Apply to the DED for initial approval in order to open your business.
1. Prepare the Memorandum of Association (MOA): The MOA covers the business structure and business operation.
1. Obtain a Business Premises: Rent/lease office space which conforms to the DED criteria.
1. Provide Required Documents: Required documents such as passport copies, visa copies, and business address proof.
1. Get the Final Approval and Get Your License Issued: Pay the necessary fees to get your trade license after approval.
These Are The Documents Required for Applying For Trade License:
**Trade License Application Requirements in Abu Dhabi**
* Passport/bio page copies of the business owner(s)
* Visa copies (if applicable)
* Emirates ID copies
* Business address proof (like a tenancy contract)
* NOC from sponsor (whenever applicable)
* Memorandum of Association and Articles of Association
* CERTIFICATE OF INITIAL APPROVAL FROM DED
* Certificate of Business Name Reservation
* Price of Trade License acquisition
The cost of the trade license in Abu Dhabi depends on various factors such as the type of license, business activity & legal structure. In most cases, the fees between AED 10,000 and AED 15,000 or above. However, it is recommended to approach a business setup consultant to get a more exact idea based on your needs.
**How Can Flying Colour Business Setup Help You?**
The process of getting an Abu Dhabi trade license can be challenging. With the expert help of Flying Colour Business Setup, you get guidance every step of the way to ensure that the setup is smooth and efficient. Whether it is the selection of license types, documentation, or interaction with government authorities, their team assists you at every step to guide you according to the needs of your business.
**Conclusion**
The Ultimate Guide to Getting Abu Dhabi Trade License Knowing the different types of licenses available, the application process, and the costs involved will help you make informed decisions that align with your business goals. Unique services that not only simplify the setup process but also establish a robust foundation for your entrepreneurial path partnered with experts such as, Flying Colour Business Setup.
Call Flying Colour Business Setup for complete information at info@flyingcolour.com or see them at Flying Colour Business Setup.