How to Get an Industrial License in Dubai and the UAE?
The industrial business sector in Dubai and the rest of the UAE is growing at a fast pace. As a result, the industrial license in Dubai and the UAE is in high demand. That is why today we will be taking a look at the industrial license in UAE.
Specifically, we will be taking a look at what business activities you can perform, what advantages you will receive, and most importantly, how you can obtain the industrial license in Dubai and the UAE.
Industrial License in Dubai Activities List
The industrial license in Dubai lets you perform business activities related to the industrial sector. For example, with the industrial license in Dubai, you can import raw materials, assemble, manufacture, package, transport, sell, and export raw materials. In addition to the business activities, it also allows you to enter certain markets.
Here are some of the markets where you can perform your business activities with the industrial license in Dubai:
- Fabric production.
- Textile manufacturing.
- Appliance manufacturing.
- Machinery manufacturing.
- Metal extraction and casting.
- Petroleum extraction and petroleum product manufacturing.
- Foodstuff production.
- Waste collection and treatment.
There are a lot more business sectors that you can enter with the industrial license in Dubai. However, these are some of the most popular industries that are profitable and easy to enter.
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Process of Obtaining a Industrial License in Dubai
The process of obtaining an industrial license in Dubai is relatively easier and quicker. However, if you are new to the business scene in the UAE, then it is highly suggested that you seek assistance from Company Setup Consultants. Our experts will ensure that you receive the industrial license in the shortest time possible.
Here are the steps you need to follow in order to obtain the industrial license in Dubai:
The first step is to decide where you want to set up your industrial business in Dubai. You can choose either the mainland or one of the free zones in Dubai.
The second step is to decide the ownership and company structure of the business. You can opt for sole proprietorship if the sector you are trying to enter is not strategically important to the UAE.
After these decisions are made, it is time to get the initial approval for the industrial license. If you are setting up your business on the mainland, then you will have to obtain an industrial license from the Department of Economic Development in Dubai.
You will have to obtain approval from the Dubai Municipality for the construction of the factory.
After you have received the required external approvals, you need to submit the required documents to the Department of Economic Development in Dubai. After that, the last step is to complete the payment for the license.
Advantages of Getting a Industrial License in UAE
As we have mentioned before, the industrial license in UAE allows you to perform industrial business activities in the country. Besides that, there are other benefits provided by the industrial license in UAE that make it so popular among entrepreneurs and investors.
Here are the benefits provided by the industrial license in UAE:
- Get access to world-class infrastructure and machinery.
- Attractive corporate tax rates and zero percent tax rate.
- 100% exemption from import and export tariffs.
- 100% repatriation of capital and profits to the home country.
- 100% ownership of the company in most of the sectors for foreigners.
- Gives legal safeguard through judicial intervention.
- You can attract more customers and investors with the industrial license.
Frequently Asked Questions About Industrial License in Dubai
What is the industrial license in UAE?
The industrial trade license in UAE is required for any companies that want to perform industrial business activities inside the UAE. These activities include importing raw materials, exporting finished goods, manufacturing, packaging, transporting, assembling, etc. Additionally, with the industrial trade license in UAE, you can convert natural resources and raw materials to products. After that, you can sell those products within the UAE or internationally.
How can I obtain an industrial license in Dubai?
The Department of Economic Development in Dubai is responsible for handling the registration of new businesses and issuing business trade licenses on the mainland. As a result, if you want to set up an industrial business on the mainland, then you will have to obtain an industrial license from them.
However, if you want to set up your business in Dubai free zones, then you will have to get the license from the relevant free zone authority.
Who can apply for the industrial license in Dubai?
The industrial license in Dubai was introduced in order to better regulate the industries in the UAE. As a result, anyone who wants to start a company with the intention of performing industrial business activities will have to obtain an industrial license in Dubai.
In addition to this, any local or foreign entrepreneur or investor can obtain an industrial license in Dubai. After that, they are free to perform their business activities in the city.
What is the cost of the industrial license in the UAE?
The cost of the industrial license in the UAE will depend on your specific business and your decisions. For example, the cost of setting up a business on the mainland is more expensive than setting up a business in one of the free zones.
However, there are some limitations in the free zones that do not exist on the mainland. As an approximate, you can expect to spend around AED 25,000 to obtain the industrial license in UAE.
How can Company Setup Consultants help you?
If you want to obtain an industrial license in Dubai but do not know where to get started, then you are in the right place. We will obtain the industrial license in UAE for you so that you are free to focus on making more important decisions for your business. Contact us today and hit the ground running.
For further information and assistance on How to Get an Industrial license in Dubai and the UAE. To Speak with our Experienced Business Consultants for further information and assistance, call us at +971582595164. Send a WhatsApp Message for Chat Query on +971 582595164 or email us at firstname.lastname@example.org.