The United Arab Emirates ranks as one of the best countries to set up a business in. Not only does it have some of the most liberal tax options in the world but is also one of the friendliest countries for companies looking to set up in its boundaries.

If we go to a specific Emirate in UAE, the choice for most people to set up their business is the Emirate of Dubai and you can see why. It has the largest population of any Emirate and most of the population are immigrants who have relocated to Dubai to start their own companies or work in others.

With so many companies looking to relocate their business in Dubai and new businesses popping up right and left, it is important to understand how it all works and most importantly what you need. The most important and basic thing needed to start a business in Dubai is a Trade License.

In this guide, we will tell you what a Dubai Trade License is, its types, and most importantly how to calculate its price by using the Dubai Trade License Cost Calculator. So, without further wait, here is what you need to know.

What is a Dubai Trade License?

Dubai Trade License is a legal document given to you by the government of Dubai, allowing you to start your business in Dubai. The license specifies what kind of business activities you can take part in and also determines their scope and the rules and regulations you need to follow to conduct your business.

Having a trade license is essential to setting up your business as it is a legal obligation and to get it you have to pay certain fees, fill in an application, submit all the relevant documents, and wait for the application to be verified and accepted and the whole process can have significant costs.

Types of Trade Licenses

Trade Licenses is a broad term used to specify different types of licenses that are issued for the different types of businesses that may want to start in Dubai. Here are a few main types of business licenses.

• Commercial: This license is issued to businesses and companies that take part in activities like banking, trading of goods and services (general and specific), and other financial and commercial business activities.
• Industrial: This license is issued to businesses and companies that are responsible for manufacturing goods and or are related to the manufacturing process in some way.
• Professional: This license is issued to both businesses and individuals from a wide range of areas, like doctors, consultants, teachers, and other such professions.
• Media: This license is issued to companies and businesses that are involved in activities related to media like broadcasting, production of media content, etc.
• Tourism: This license is issued to companies and businesses that are involved in tourism-related activities like conducting tours, etc.

What is a Dubai trade license cost calculator?

Considering that there are different types of businesses and as such different types of licenses, it is important to know the costs associated with getting a trade license and for someone new to the business scene in Dubai it is important to have a tool that can calculate all these costs.

The Dubai trade license cost calculator is exactly this tool as it takes all these factors into account like the license fees, visa costs, insurance costs, and all the other associated fees. It essentially gives you a rough estimate of how much it would cost you get a trade license in Dubai.

How to use a Dubai trade license cost calculator?

The Dubai trade license calculator is not a single tool and neither is it an official tool. There are several websites that provide this tool and all you need to do is enter the relevant information into the website and it will give you an estimated cost or a quote matching your trade license requirements.

As for selecting which website you want to use is up to you. All you have to do is google the term Dubai trade license cost calculator and you will see several results appear. You can visit a number of different sites and see which one best fits your needs or seems more accurate to you.

What does it take into account when calculating the cost?

The calculator takes into account several key things and here is a list of the most important ones.

• License fees
• Registration fees
• Location
• Visa fees (For owners and employees)
• Sponsorship fees (if applicable)
• Office rent (if applicable)
• Insurance cost (if applicable)
• Other related costs

There is no strict set of information that these calculators may ask for and it varies from website to website.

Are these trade license cost calculators accurate?

It is important to remember that these calculators only give an estimate of the costs and your actual costs may vary. Secondly, it depends on which website you are using as some are more accurate than others and this depends on how up-to-date they are and what information they ask for.

The key thing here is to just get an estimate and not entirely rely on the estimates given by these calculators.

Importance of using a Dubai trade license cost calculator

Whether you want to use a Dubai trade license cost calculator is up to you, but they do help in getting a rough estimate of how much it will cost you to get your trade license, and having some information is better than no information. Alternatively, instead of using these calculators, you can do your own research.

Dubai Department of Economic Development Cost Estimator

While not a proper calculator the Dubai Department of Economic Development DDED has a page that helps you calculate an estimate of the cost of your trade license. It does so by getting information for the following things.

• Specifying the license activity.
• Specifying the number of owners/partners.
• Selecting the Legal type.
• Choosing the business name characteristics.
• Specifying the yearly rent of the license activity location.
• Displaying the average cost of registering a new license.

You can access each of these links from the page here and considering that it is the official website, it can give you the most accurate costs for your trade license.