It is important to know as an investor in which business sector they must invest to gain profit. There are many business opportunities like in consulting, construction, import export, freelancing, restaurants, eCommerce business, etc.
The process depends on the jurisdiction of each of the departments where the business is being set up. However, if the security checks have been cleared and the application fee and all supporting documentation are present and correct, the registration and licensing process can be completed within two to three days.
The general requirements for business registration and licensing include initial approval request, trade name reservation, trade license issuance and license renewal.
You may require initial approval receipt, copy of lease contract, duly attested memorandum of association, valid passport, and approval from other government entities.
There are different types of business setup categories in UAE. They differ by the terms and conditions, the amount of capital you will have to invest.
Under the single license, you are allowed to manage ten activities. However, you have to ensure that you engage yourself in the activities that have been labelled in the DED standards.