A valid trade license in Dubai enables an entrepreneur to legally perform a business activity or a group of activities specified in the license. Indulging in any sort of activity without a valid trade license is considered “illegal” in the UAE. There are mainly three types of trade licenses issued in Dubai. And they are listed below.
- Commercial License (issued in connection with trading)
- Professional License (service-oriented activities)
- Industrial License (issued in connection with industrial activities or production)
The failure to renew the business trade license within the stipulated time can attract penalties and other complications that could affect the reputation of the company. Therefore, renewal is as important as getting a DED Trade License. The trade license in Dubai’s cost varies as per your business activities and requirements.