One of the world’s most dynamic and diverse countries, the UAE is known for its business-friendly policies. The United Arab Emirates (UAE) never disappoints aspiring entrepreneurs, as it offers wide-ranging business & trade opportunities to the business community.
Starting a global venture in Dubai often requires obtaining a trade license to commence operations. A few years ago, there were no other options except being physically present in the country to obtain a business license. Keeping in mind the competitive nature of global trade, the UAE has increased its flexibility and eased its regulations in multiple areas. This includes introducing flexible options like virtual trade licenses to explore more business opportunities.
In this blog, we will explore how the UAE balances the constant growth and what it offers to entrepreneurs who like to operate from multiple locations across the globe.
Trade License in the UAE
A trade license is essential for any business. It not only opens a door to business & trade opportunities, but it also offers many advantages. This is a legal document issued by the Department of Economic Development (DED). In several cases, Free Zone Authorities can also issue licenses. It highlights the specific business operations a company or individual is permitted to conduct within the UAE. After registering a business, obtaining a trade license is critical for facilitating the import and export of goods and materials to and from the UAE, whether operating in the UAE's mainland or free zone areas.
Why is it a Smart Move to Start a Business in the UAE?
With prime locations, a growing economy, business-friendly policies, and a potential market, the UAE is a highly acclaimed country for entrepreneurs. Here are a few highlights mentioned below-
100% Foreign Ownership: Free zone spaces in the UAE offer 100% foreign ownership and don’t require local sponsorships. A few mainland setups also extend 100% foreign ownership.
Tax Relaxation: There is a 0% personal income tax in the country. Moreover, the authority does not charge corporate taxes until the organization reaches a certain level of income.
Strategic Location: The prime location is what attracts entrepreneurs around the world. United Arab Emirates is a doorway to markets in Asia, Europe, and Africa.
Modern Infrastructure: The UAE is the perfect place for effective company operations and international commerce since it provides cutting-edge office space, sophisticated technology, and a well-connected transportation system.
Ease of Business: The friendly business environment of the country supports entrepreneurs and helps them to grow their businesses within the country.
Virtual Trade License
The United Arab Emirates (UAE) issues virtual trading licenses specifically for businesses that operate primarily online. The virtual trade licenses permit registration without the need for a physical office location, thus catering to new-age entrepreneurs rendered flexible by such enabling provisions. Some of the salient features of a virtual trade license are mentioned below.
- Eligibility: E-commerce, technology, and consultation services can be handled online, and virtual licenses serve these industries that operate virtually.
- Operational Flexibility: Such licenses allow business owners to conduct their business operations independently from the boundary of a typical office, thus providing more mobility in their operations.
Scope of Business: You can obtain a business license for 13 economic activities: agriculture, manufacturing, and contracting, among other things.
How Markai Corporate Services Streamlines Trade License Acquisition?
Markai Corporates Services is your one-stop solution for business setup requirements. When applying for a trade license or setting up your dream business, we cover it all. Markai Corporate Services assists you in selecting the best jurisdiction for your business kind and aims, while also guaranteeing compliance with current rules.
- Markai Corporate Services assist you from preparing to finalizing the documentation process on the go.
- Irrespective of language or time barriers, our professional representatives offer complete support from start to finish.
- Markai Corporate Services also helps with corporate bank account opening, assisting you through the compliance and KYC standards.
- As we mentioned above, we streamline the complex visa process and ensure smooth business operations.
- With Markai Corporate Service’s competence and network, you can kick-start your business journey faster and smarter.
Since the UAE trade license can be acquired without being in the country, entrepreneurs are more relaxed and follow their vision to make a mark without any further complexities. Remote application for a UAE trade license makes it possible but not without difficulties mostly. Markai Corporate Services has the expertise to ensure your business setup is smooth, easy, and completely compliant. With Markai Corporate Services at your side, you can focus on growing your business while everything else is taken care of.
Contact us today and unlock the full potential of your journey into the UAE remote, in an easy way!
