Ministry of Economy Trade License: Who Qualifies and What You Get
Learn how to obtain a trade license to legally operate your business and open corporate bank accounts within the UAE mainland.
This license provides the legal authorization required to run a business within the UAE mainland.
Who it's for
This scheme is for any business entity that intends to operate specifically within the UAE mainland.
What you get
Once obtained, this license gives your business its legal status. This allows you to conduct your commercial activities officially and enables you to open corporate bank accounts for your company.
What it costs you
You will need to pay fees to keep your license active. The cost of the annual renewal depends on the specific type of business activity you perform and the amount of office space your business occupies.
The catch to know
Many people accidentally apply for this license when they actually need to follow free zone regulations instead. It is important to ensure you are operating in the mainland before proceeding, as the rules for free zones are different.
How to apply
- Determine your specific business activity and office requirements.
- Visit the official government portal to start your application.
- Submit the required documentation for your specific business type.
- Pay the necessary fees to finalize the registration.