FAQ
Frequently Asked Questions
What exactly is a trade license?
A trade license, also known as a business license, is an official document that outlines the permissible operations of a company within the United Arab Emirates (UAE).
These licenses fall into three primary categories:
- 1 .Professional license – Designed for professionals, craftsmen, and artisans.
- 2. Commercial license – Suited for all types of trading activities.
- 3. Industrial license – Intended for all industrial and manufacturing operations.
What documents are necessary to establish my company?
The specific requirements can differ based on whether you’re setting up your company in a free zone or on the mainland.
However, the fundamental documents typically include:
- 1. Attested copies of passports for shareholders and directors.
- 2. Proof of address.
- 3. Bank statements covering a minimum of three months.
- 4. Education certificates (if applicable).
- 5. Certificate of share capital deposit (if it is a requirement).
What is a visa?
A visa is an official authorization that allows foreign nationals to legally reside in a country and, in the context of business in the UAE, it is essential for individuals who wish to operate a business there. The type of visa required can vary based on the jurisdiction and the structure of the business. There are three primary types of visas available in the UAE:
- 1. Investor visa – This is for businesses with a single shareholder, often referred to as Sole Ownership.
- 2. Partner visa – Designed for businesses with multiple shareholders.
- 3. Employment visa – Issued by specific free zones and may have various designations such as General Manager or Director, typically for individuals employed within the company.
How do I start the visa process?
The specific requirements can differ based on whether you’re setting up your company in a free zone or on the mainland.
However, the fundamental documents typically include:
- 1. Attested copies of passports for shareholders and directors.
- 2. Proof of address.
- 3. Bank statements covering a minimum of three months.
- 4. Education certificates (if applicable).
- 5. Certificate of share capital deposit (if it is a requirement).
