Instant trade license in Dubai without Office
Every entrepreneur who is setting up a business in Dubai for the very first time, always wants to reduce the cost of business setup. So, when it comes to cost saving, you always wonder how to get a trade license without an office. Or is it even possible to get a trade license Dubai without physical space in Dubai. If that’s what you are wondering about then Prospr is here to break the good news.
YES- it’s possible to get a trade license in Dubai without any office. This license is called an instant trade license.
And good news doesn’t end here, you can also get a trade license in Dubai without registering a trade name.
Isn’t it amazing?
Well, the Dubai government is always ready to support startups and entrepreneurs with brand new business ideas.
So, let’s find out:
How to obtain an instant trade license without an office?
Before we explain how, we would like to tell you the name of this license that you can get without an office. Well, it is known as an “Instant Trade License”. As the name explains it a bit, you can get this license within a few minutes.
This business license is a new type of trade license that entities and individuals can obtain for commercial and professional business activities within a few minutes. The process is simple, yet you still need expert guidance from Prospr. If you are planning for setting up a company in Dubai as quickly as possible, you should certainly get an instant trade license in Dubai.
Benefits of instant trade license
Here are some advantages that make instant trade licenses an ideal deal for startups and new entrepreneurs.
- You get this license within 10 to 15 minutes.
- It’s possible to acquire this license on the same day you apply for it.
- Once you have this license, you can continue doing your business.
- There is no need to draft Memorandum of Association for the first year.
- You won’t need to register a trade name for the first year.
- No lease is required for the first year.
- You can apply online or in-person for a Dubai company license.
Learn the: Difference between commercial license and professional license in Dubai
Who is eligible for an instant trade license in Dubai?
This license is available for the following business structures.
- One Person L.L.C
- Limited liability company
- Sole Proprietorship.
- Civil company
If you don’t know whether you are eligible for an instant trade license in Dubai or not, you need to get help from our business consultants in Dubai. We understand that every business and situation is different, thereby we offer guidance based on your unique situation and business idea.
How to Apply for a Dubai Instant License
You can make the most of the E-Service of the Dubai Economic Development Department.
Here are some steps you need to follow:
- You will create a Dubai Smart Pass ID by using your Emirates ID. Once you sign up, sign in to your account.
- Choose specific business structure (LLC, civil company, sole proprietorship, etc.)
- You need to select your business activity from the available list.
- Define shareholding structure of your business
- Choose three trade names and then provide share capital details.
- Fill out instant trade license UAE application form
- Submit all the required documents alongside the application form.
- Make the payment of a voucher.
- DED will issue instant trade licenses.
Also understand: How to renew trade license in Dubai?
What to consider before you get UAE trade license without an office?
Although you are not leasing any office as you are just starting a company in Dubai, it doesn’t mean you don’t need a designated workspace. You definitely need an alternative workspace. This place should be quiet so you and your employees can work and concentrate easily.
If you are offering professional services such as software programming, consultancy, engineering, IT service, etc. You can definitely rely on your remote workspace.
Since you need to interact with your client, it’s important to have a virtual office setup and conduct virtual meetings with your colleagues and potential clients. That means you need to make the most of technology.
Although you have no physical office, yet you need to define your working hours. Your client must know when they can reach out to you and how they can schedule or organize meetings.
Must read abo0ut: Trade license cancellation in Dubai
Documents required for an instant trade license in Dubai
You will provide following documents during application of business license in Dubai
- Copies of passport for all the license parties including partners, managers
- A copy of residence visa and NOC
- A copy of your visa.
FAQs
What is the difference between instant license and normal license in Dubai?
You don’t need to draft MoA, lease a workspace, or register a trade name for an instant license. On the other hand, you will have to follow all these steps for acquiring other normal trade licenses in Dubai.
What is the timeline of getting an instant license in Dubai without an office?
You can get trade license in as low as fifteen minutes.
What is the cheapest trade license in Dubai?
IFZA Free Zone’s license is the cheapest business license in Dubai. You can get this license for AED 12,900.
What is the cost of a Dubai instant license?
The cost you pay to get trade license in Dubai is AED 12,500 to AED 28,500. The cost will depend on your economic activity, though.
Which government department issues the instant license?
The Department of Economic Development (DED) issues an instant business license.
Which entities are eligible for an instant license in Dubai?
Here are some entities that can apply for this license
- Sole Proprietorship
- Civil Company
- Limited Liability Company
- One Person LLC