Commercial License

Commercial license issued by the Department of Economic Department (DED) is required to execute any kind of buying or selling activity such as general trading, contracting, etc., in the UAE. However, certain businesses including restaurant, jewelry, foodstuff and pharmacy, etc. require licenses and approvals from other related authorities in order to set up a commercial company. Kiltons facilitates proper physical location for your company, obtain valid tenancy contract, and above all secure a solid and reliable UAE national sponsorship with legal documents that safeguard your investment.

Procedures to obtain a Commercial License

Trade Name Reservation

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Trade name reservation at the Department of Economic Development (DED)

Initial Approval

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Take Initial approval from the Department of Economic Development (DED)by submitting passport copy and emirate Id of the UAE national, as well as the passport copy and visa copy of the foreign investor (Resident visa holder requires an NOC from the sponsorship

Memorandum of Association

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Memorandum of Association (MOA) authenticated by the Notary Public (UAE National’s share should not be less than 51% of the total share)

Tenancy Contract

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  • Lease contract for the premises (warehouse, office, shop)where the business intended to be executed.
  • Registering office/shop tenancy contract at Real Estate Regulatory Authority (RERA)

DED

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  • Inspection of the company premises by the DED
  • Make a Memorandum of Association (MOA) with the Sponsor and submit to DED
  • Submit the MOA and the License application at DED along with the required legal documents and the tenancy contract.

Ministry of Interior

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Foreign investors should obtain the approval of the Immigration & Naturalization Department (i.e. investor’s visa)

Ministry of Labor

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Registration in Ministry of Labor.