1. Request for Initial Approval

Service Description: This service is crucial as the first step in the licensing process, allowing the establishment of a legal framework for the business. It includes defining the company’s legal form, identifying economic activities, and specifying all involved parties. This approval is obtainable before or subsequent to reserving the trade name.

Purposes:

• Commercial Site Lease: Essential for securing a physical location for the business.
• External Approvals: Facilitates obtaining necessary endorsements from specific authorities related to the business sector, such as health, transportation, and telecommunications.

Step-by-Step Process:

1. Submission of application with proposed business activities.
2. Assessment by the Economic Department.
3. Collection of any required external approvals.

Beneficiaries:

• Business owners preparing to launch operations.
• Consultants specializing in company formation.
• Public Relations Officers managing corporate compliance.

2. Request to Book Trade Name

Service Description: Secure a trade name which serves as the business’s brand identity in official documents and marketing. This process is crucial for establishing a unique presence in the market.

Trade Name Guidance:

• Transliteration: Ensures the name is culturally and linguistically appropriate.
• Regulations: Adheres to strict guidelines to avoid names that could be considered inappropriate or misleading.
• Exclusivity: Checks against existing names to avoid duplication and potential legal issues.

Practical Tips:

• Choose a name that reflects your business identity and mission.
• Ensure the name is easy to pronounce and remember in both English and Arabic.

Beneficiaries:

• New entrepreneurs establishing a market presence.
• Businesses looking to rebrand or expand.

3. Request to Issue Trade License

Service Description: Acquire the official documentation required to legally conduct business activities within Dubai. This includes various license types depending on the business structure and needs.

Types of Trade Licenses:

• Normal License: Suitable for businesses with a physical presence and multiple activities.
• Instant License: Ideal for entrepreneurs who wish to quickly start their business operations without a physical office for the first year.

What You Need to Know:

• The choice of license type impacts the regulatory requirements and benefits.
• Instant licenses provide a streamlined, cost-effective option for new businesses.

Beneficiaries:

• Startups and international companies entering the Dubai market.
• Existing businesses expanding operations or legal structures.

4. Request for Renewal of Trade License

Service Description: Renew your trade license to continue lawful business operations. This proactive service helps avoid any interruptions or penalties associated with expired licenses.

Key Considerations:

• Timely renewal is crucial for continuous legal compliance.
• The renewal process might require updated documentation depending on business changes.

Beneficiaries:

• All licensed businesses in Dubai.
• Company administrators responsible for regulatory affairs.

5. Request to Amend Trade License

Service Description: Modify your trade license details to reflect any changes in the business structure, activities, or management. This is essential to keep all business records up to date and compliant with local laws.

Types of Modifications:

• Adjustments in partnership or ownership.
• Changes in business location or scope of activities.
• Updates in capital investment or business management.

Why It Matters:

• Ensures your business adapts legally to operational changes.
• Maintains accuracy in official records and documents.

Beneficiaries:

• Businesses undergoing restructuring or expansion.
• Legal and compliance departments within companies.

6. Request for Cancellation of Trade License

Service Description: Terminate your trade license when you decide to close your business or cease operations in Dubai. This requires careful coordination with various government bodies to ensure all legal and financial obligations are met.

Process Overview:

• Settling all outstanding debts and obligations.
• Coordination with Dubai Economic Department for the final closure.

Beneficiaries:

• Business owners exiting the market or closing a branch.
• Legal advisors handling business cessation.

7. Request to Issue Commercial Permit

Service Description: Obtain permissions for specific commercial activities such as promotions, outdoor sales, or special events. Each permit addresses different aspects of business operations and marketing.

Example Permits:

• Promotional campaigns and seasonal sales.
• Special events and exhibitions.

Beneficiaries:

• Marketing departments planning special events.
• Retail outlets and e-commerce platforms running promotional activities.

8. Small and Medium Enterprises Development

License Exemption Request:

• Service Description: Support for small and medium enterprises (SMEs) by offering fee exemptions to reduce initial setup costs.
• Beneficiary: Entrepreneurs and small business owners benefiting from reduced startup costs.

Request for Intilaq License:

• Service Description: Allows Dubai residents to operate businesses from their homes with minimal annual fees, promoting entrepreneurship.
• Beneficiary: Home-based entrepreneurs seeking low-cost business solutions.

For any assistance or queries regarding the Dubai Economic Department Approvals, please do not hesitate to contact DAEM CONTRACTING LLC. Our expert team is ready to guide you through the approval process and ensure all your business compliance needs are met efficiently.

Contact Information:

• Website: daemuae.com
• Office Address: 20 18 St, RAS AL KHOR Industrial Area, Dubai, UAE
• Phone Number: +971 50 884 9955
• Email: sam@daemuae.com