How do I obtain a dual trade license for multiple activities in Dubai?
A dual trade license is a type of trade license that allows businesses to operate in Dubai in two different categories. This can be useful for businesses that offer a variety of services or products, or for businesses that want to expand into new areas.
To obtain a dual trade license in Dubai, you will need to meet the following requirements:
- You must have a valid trade license in Dubai.
- The two activities that you want to include in your dual trade license must be related.
- You must have the required capital and experience for both activities.
- You must submit a business plan that outlines your plans for the two activities.
The process for obtaining a dual trade license in Dubai is as follows:
- You will need to submit an application to the Dubai Department of Economic Development (DED).
- You will need to provide the DED with the required documentation, including your existing trade license, a business plan, and proof of capital and experience.
- The DED will review your application and decide whether to approve it.
- If your application is approved, you will be issued a dual trade license.
The cost of obtaining a dual trade license in Dubai varies depending on the activities that you are including. However, the cost is typically around AED 1,000 per year.
Here are some additional tips for obtaining a dual trade license in Dubai:
- Start your planning early. It takes time to gather all the required documentation and meet the DED’s requirements.
- Get professional advice. If you are not sure how to obtain a dual trade license, you should get professional advice from a lawyer or accountant.
- Be prepared to pay the fees. The DED will charge a fee for issuing a dual trade license.
Recommendation:
I recommend using BizDaddy to help you obtain a dual trade license for multiple activities in Dubai. BizDaddy is a business advisory firm that specializes in helping businesses set up and operate in Dubai. They have a team of experienced.