Licence and Set Up Fees
Once you’ve gathered the necessary documents and decided on the zone, the next step is to apply for a license if you don’t already have one. This foundational document is essential for conducting business in Dubai.
In Free Zones, various license types are available, including professional, commercial, industrial, and tourism licenses. In this guide, we’ll focus on the commercial license, which is the most common in the emirate. With a commercial license, you can buy and sell goods and services, trade, import, and export goods within the UAE. Applying for a commercial license requires providing a few details and basic documentation:
• Completed application form
• Passport copy of the proposed owner or owners
• Two passport size color photos
The setup fees will depend on the permitted activities of your business, the location, type of license, and the name on the trade license. The approximate fee for obtaining a commercial license in Dubai is AED 10,000. Additional costs to consider may include registrations, visas, and premises, totaling around AED 30,000. If cost-effectiveness is a priority, opting for a Free Zone is recommended.
Finding the Right Property
With the licensing process underway, it’s time to search for your ideal commercial space. Dubai offers a wide range of options, from offices, showrooms, retail areas, and warehouses to restaurants, full buildings, and plots. However, navigating the market without professional guidance can be challenging due to limited availability, licensing restrictions, service charges, and the need for convenient transportation links.
Furthermore, some commercial property owners choose not to advertise their spaces publicly, making it difficult to access the full spectrum of available options independently. Therefore, we strongly recommend working with a dedicated Commercial Consultant who understands your specific needs and can guide you to the best-suited location for your business. Their expertise in Dubai’s key areas will prove invaluable during your search for the perfect property.
Financing
Depending on your situation, various local lenders can provide financing for your commercial purchase. At haus & haus, we can connect you with trustworthy mortgage lenders offering competitive rates tailored to your financial capacity and requirements.
Once you’ve found the perfect space, it’s time to make an offer. Your Commercial Consultant will advise you on the next steps and timeline based on your unique circumstances.
Why Choose haus & haus?
At haus & haus, we understand that each business has distinct requirements, including power voltage capabilities, parking spaces, telecommunication systems, and proximity to essential locations. With extensive experience in the Dubai retail market and strong partnerships with top developers, our Commercial department and area specialists are prepared to support you in this new venture. From the initial stages to completion and beyond, we’ll guide you through every step to ensure a seamless process, allowing you to focus on growing your business and achieving your goals.
