How to Get instant trade license in Abu dhabi?
Abu Dhabi, the capital of the United Arab Emirates (UAE), is one of the most prominent business hubs in the region, offering a strategic location, modern infrastructure, and a business-friendly environment. For entrepreneurs and investors aiming to establish their presence in the UAE, obtaining a trade license is one of the first and most crucial steps.
One of the most appealing options for businesses looking to set up operations in Abu Dhabi is the Instant Trade License. As the name suggests, an instant trade license allows businesses to quickly and efficiently begin their commercial activities without the usual lengthy procedures. This guide will walk you through the process of obtaining an instant Abu dhabi trade license, outlining the requirements, benefits, and steps involved.
At Flyingcolour Business Setup, we specialize in guiding entrepreneurs through the process of business formation in the UAE, ensuring a seamless experience from start to finish. Whether you are starting a new venture or expanding an existing business, we are here to help you secure the right trade license for your needs.
What is an Instant Trade License?
An instant trade license is a simplified and expedited form of a business license that allows companies to start operations almost immediately after submission of their application. This license can be obtained without requiring an established office space initially, making it an attractive option for startups, freelancers, and small businesses looking to minimize costs.
This type of license is issued by the Department of Economic Development (DED) Abu Dhabi, which is responsible for regulating and overseeing all commercial activities in the emirate. The instant trade license is part of Abu Dhabi’s ongoing efforts to promote economic diversification, streamline business setup procedures, and attract foreign investment.
Key Benefits of an Instant Trade License
Obtaining an instant trade license in Abu Dhabi offers a wide range of benefits for entrepreneurs and businesses. Some of the key advantages include:
Fast and Efficient Process: As the name suggests, an instant trade license can be issued within a few hours to a few days, depending on the type of business activity and requirements. This makes it an ideal choice for businesses looking to start operations quickly.
No Physical Office Required Initially: One of the main advantages of the instant trade license is that it does not require a physical office space at the time of application. Entrepreneurs can rent or lease office space at a later stage, providing flexibility and cost savings.
Low Setup Costs: Since no physical office is required initially, the overall cost of setting up a business is significantly reduced. This is especially beneficial for startups and small businesses operating on a tight budget.
Multiple Business Activities: An instant trade license allows businesses to engage in multiple commercial activities under a single license. This flexibility is particularly useful for businesses involved in diverse industries.
Foreign Ownership: With recent reforms in the UAE, including the updated Commercial Companies Law, foreign investors can now own up to 100% of their business in many sectors, further simplifying the process for international entrepreneurs.
Eligibility for a Business Bank Account: Once you obtain an instant trade license, you are eligible to open a corporate bank account in the UAE, allowing you to manage your finances efficiently.
Access to Abu Dhabi’s Thriving Economy: Abu Dhabi is a major center for industries such as oil and gas, finance, tourism, real estate, and renewable energy. Setting up a business in Abu Dhabi gives you access to this dynamic and diverse economy.
Visa Eligibility: Entrepreneurs and their employees are eligible for UAE residence visas upon obtaining a trade license. The number of visas that can be obtained depends on the size and nature of the business.
Types of Businesses Eligible for an Instant Trade License
Not all types of businesses can apply for an instant trade license. The types of activities allowed are regulated by the DED Abu Dhabi, and some activities may require additional approvals or permits. However, in general, the following types of businesses are eligible for an instant trade license:
Consulting Services: Businesses offering consulting services in areas such as management, marketing, legal, or IT are ideal candidates for an instant trade license.
Freelancers and Entrepreneurs: Individuals looking to operate as freelancers or small entrepreneurs can benefit from the instant trade license due to its flexibility and cost-effectiveness.
General Trading: Businesses involved in importing, exporting, and general trading activities can apply for an instant trade license, although they may need additional permits based on the products being traded.
E-Commerce: With the rise of digital businesses, e-commerce ventures are increasingly opting for instant trade licenses to start their operations quickly.
Professional Services: Businesses providing professional services such as accounting, advertising, marketing, and design can obtain an instant trade license.
Activities Requiring Additional Approvals
Some business activities require special approvals from various government authorities, even for an instant trade license. These may include:
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Healthcare Services
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Financial Services
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Legal Services
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Education
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Manufacturing and Industrial Activities
In these cases, additional licenses or approvals from specific regulatory bodies will be required before the business can begin operations.
Requirements for Obtaining an Instant Trade License
While the process for obtaining an instant trade license is streamlined, there are still some basic requirements that businesses need to meet. These include:
Business Name Registration: You must choose a name for your business that complies with the UAE’s naming conventions. The name should not include offensive language, religious references, or the names of political entities. Once selected, the name must be approved and registered with the DED.
Define Business Activity: You must clearly define the business activities you intend to undertake. As mentioned earlier, some activities require additional approvals, so it’s essential to choose the correct category.
Identification Documents: All shareholders and partners must provide valid identification documents, including passports, UAE residency visas (if applicable), and Emirates IDs.
Shareholders Agreement: If the business has more than one owner, a shareholders agreement must be drafted and signed by all parties involved. This document outlines the roles, responsibilities, and ownership structure of the company.
Payment of Fees: The applicable fees for the instant trade license must be paid during the application process. The fees vary depending on the type of business activity, number of shareholders, and other factors.
Tenancy Contract (Optional): While a physical office space is not required initially, if you decide to rent or lease office space, you must submit a tenancy contract registered with the Abu Dhabi Municipality.
Initial Approvals: In some cases, the DED may require initial approvals from relevant authorities, depending on the nature of your business activity.
The Step-by-Step Process to Obtain an Instant Trade License
Obtaining an instant Abu dhabi trade license is a straightforward process when handled by professionals like Flyingcolour Business Setup. Here’s a step-by-step guide to the procedure:
Step 1: Choose Your Business Activity
The first step is to choose the business activity you wish to engage in. This will determine the type of license you need and any additional approvals or permits that may be required. You can choose from various categories, including commercial, professional, industrial, and tourism licenses.
Step 2: Select Your Business Structure
Determine the legal structure of your business, whether it’s a sole proprietorship, limited liability company (LLC), branch of a foreign company, or a civil company. The business structure will affect the ownership rights, responsibilities, and liabilities of the business.
Step 3: Register Your Trade Name
Once you have decided on the business activity and structure, you need to select a trade name for your business. The trade name must be unique and comply with the UAE’s naming conventions. After selecting the name, it must be approved and registered with the DED.
Step 4: Submit Application to DED
After completing the necessary paperwork and gathering all required documents, you can submit your application for the instant trade license to the DED. This can be done online through the DED’s portal or in person at one of their service centers.
Step 5: Pay the Fees
Upon submission of the application, you will need to pay the applicable fees for the trade license. The cost of the instant trade license depends on the type of business activity and other factors, such as the number of shareholders.
Step 6: Receive Your Trade License
Once the fees are paid and the application is approved, the DED will issue your instant trade license. In most cases, the license is issued within a few hours, allowing you to start your business operations immediately.
Why Choose Flyingcolour Business Setup for Your Instant Trade License?
At Flyingcolour Business Setup, we understand that starting a business in a foreign country can be a complex and overwhelming process. That’s why we are dedicated to providing comprehensive business setup services in Abu Dhabi and across the UAE.
Here’s why you should choose Flyingcolour Business Setup:
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Expert Guidance: Our team of business setup consultants has extensive knowledge of the UAE’s regulations and can guide you through every step of the process.
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Tailored Solutions: We offer personalized solutions that meet the specific needs of your business, ensuring a smooth and hassle-free setup experience.
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Fast and Efficient: We specialize in securing instant trade licenses, helping you get your business up and running in no time.
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Ongoing Support: Our services don’t end with the issuance of your trade license. We provide ongoing support for visa processing, bank account setup, and more.
Conclusion
Obtaining an instant Abu dhabi trade license is one of the most efficient ways to establish your business and start operations quickly. With its streamlined process, cost-effective business setup, and flexibility, it is an attractive option for entrepreneurs looking to enter the UAE market.
If you’re ready to take the next step in your business journey, Flyingcolour Business Setup is here to assist you every step of the way. Our experienced team will handle all the necessary paperwork, guide you through the legal requirements, and ensure you get your instant trade license without delays.
Contact us today to start your business in Abu Dhabi and take advantage of the many opportunities the emirate has to offer!
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