Jitendra business consultancy can provide information all about procedure for licencing in Dubai.The Department of Economic Development, with the institutional support from the Dubai Chamber of Commerce & Industry, is the statutory body that regulates and controls the licensing procedures for an entity in Dubai . It was formed to organize and activate industry as well as internal and external trade in the Emirate and prepare studies relating to industrial and commercial activities.
The Law No. 1 of 1992 in its article No. 4 vested with the Department the following duties and activities in order to achieve its objects and responsibilities.
To prepare and maintain the Commercial Register in good order.
To register and protect the rights of commercial and industrial property.
To organize the affairs of the agents, commercial mediators and brokers, and the offices of commercial promotion and advertising.
To consider the applications for setting up or expanding factories and to determine their economic feasibility.
To organize and encourage the marketing of the industrial products.
To encourage the investment of national and foreign capital in commercial and industrial projects and to create a climate conducive to investment.
To organize fairs and exhibitions in cooperation with the concerned authorities. To control insurance business and supervise the insurance companies operating in the Emirate.
To supervise the establishment of different types of companies, register all national and foreign companies, consider the contribution of the Government in companies and development projects and to represent it in the companies to which the government has contributed.
To regulate and control the profession of auditing.
To coordinate and cooperate with the Federal Government Departments in carrying out the Federal laws relating to commerce, industry and other economic activities.
Types of Licences Issued by Dubai Department of Economic Development:
TRADE LICENCE:
A trade licence is issued to a natural or juridical person to practice any trading activity for the purpose of profit making through buying and selling of goods. These licenses are issued for engaging wholesale or retail trade enterprises, contractors, hotels, transport and storing establishments etc.
INDUSTRIAL LICENSE
An industrial licence is issued to a natural or juridical person to practice any investment activity the object of which is to discover natural resources or transform raw materials in terms of its structure or appearance into manufactunavigation products or to transform the semi-manufactunavigation products into fully manufactunavigation products by using mechanical power and segregate the products, filling, assembling or packing them.PROFESSIONAL LICENCE
Licence for the Representative Office of Foreign Companies is also issued as professional licence.
PROFESSIONAL LICENSE
A professional license is issued to a natural or juridical person to practice any profession in which he depends on his physical or mental efforts rather than depending or a cash capital. This licence is issued to practise certain professions such as consultancy services and studies, auditing and accounting, business, medical and educational services and similar services.
Licence for the Representative Office of Foreign Companies is also issued as professional licence.
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