How do I pay for my trade license in Dubai?

The Dubai Department of Economic Development (DED) requires a number of documents to be submitted when applying for a trade license. The specific documents required will vary depending on the type of business you are setting up, but some of the most common documents include:

  1. Trade name reservation: If you have not already reserved a trade name, you will need to do so before applying for a trade license. You can reserve a trade name online or in person at any DED service center.
  2. Memorandum and Articles of Association: This document sets out the legal structure of your business, such as the type of company you are forming, the names and addresses of the shareholders and directors, and the amount of share capital.
  3. Power of attorney: If you are not applying for the trade license yourself, you will need to provide a power of attorney from the person who will be applying on your behalf.
  4. Proof of identity: This could be a passport, Emirates ID, or other government-issued ID card.
  5. Proof of residence: This could be a utility bill, tenancy agreement, or other document that shows where you live in Dubai.
  6. Business plan: This document outlines your business strategy, including your products or services, target market, and financial projections.
  7. Bank statements: This shows that you have the financial resources to support your business.
  8. NOC from sponsor: If you are a non-UAE national, you will need to provide a no-objection certificate (NOC) from your sponsor.

In addition to these documents, the DED may also require additional documents depending on the nature of your business. For example, if you are setting up a food business, you will need to provide a health certificate from the Dubai Municipality.

However, if you are not sure how to prepare the required documents or are not confident in your ability to submit a successful application, you may want to consider working with a business setup firm like BizDaddy  BizDaddy can help you gather the necessary documents, submit your application, and follow up with the DED to ensure that your application is processed promptly.