Ministry of Economy Business Licensing: Who Qualifies and What You Get
Learn how to get legal authorization to run your business across the UAE and what you need to do to avoid fines or closure.
This scheme provides the legal authorization required to conduct commercial activities throughout the United Arab Emirates.
Who it's for
This is for all business owners operating within the UAE.
What you get
Once obtained, this license gives you the legal right to carry out your specific commercial activities anywhere in the country.
What it costs you
The total cost depends on the specific type of business activity you intend to perform. To complete the process, you will need to reserve a trade name and prepare a Memorandum of Association (MOA), which is a formal legal document outlining how the business is run.
The catch to know
You must renew your license every year. If you miss the renewal period, you may face heavy fines or even have your business closed by the authorities.
How to apply
- Reserve your desired trade name.
- Prepare your Memorandum of Association (MOA).
- Submit your application through the official portal.
- Pay the required fees based on your activity.
Visit the official portal for more details: https://www.moec.gov.ae