OPTIMAL COMPANY LICENSE SOLUTIONS FOR YOUR UAE COMPANY SETUP

This article was updated on June 21st, 2023

This article has been researched and written by Rehan Abid and the team at Creation Business Consultants and has not used AI in generating this article.

A New incentive has been implemented which will support those wanting to start a company in the UAE whilst keeping the startup costs at an all-time low.

Abu Dhabi Economic Department of Economic Development (ADDED) introduced Tajer Abu Dhabi license package in 2017 which allows acquiring a trade license without needing to lease office space or having a physical presence in Abu Dhabi. This is, however, restricted only to UAE nationals for 100 business activities that do not need a physical presence.

This greatly reduced the burden on the initial setup costs for entrepreneurs, startups and companies that were looking to expand or set up their company in Abu Dhabi. Additionally, this will attract more foreign investment, making setting up a business in Abu Dhabi become even more appealing, cost effective, quicker, and easier.

ELIGIBILITY & BENEFITS OF TAJER ABU DHABI LICENSE PACKAGE

Since Tajer Abu Dhabi was well received, this enabled the program to be open further and to be eligible to GCC nationals and UAE residents with a national sponsor.

Tajer Abu Dhabi license package has increased the eligibility to:

• Currently 1,057 Abu Dhabi Economic commercial activities.
• Company structures: one-person companies for Emiratis, one-person companies for GCC nationals and Limited Liability Companies (LLC) that include UAE residents with an Emirati partner or corporate nominee.

WHAT DOES THE GOLDEN PACKAGE OF TAJER ABU DHABI INCLUDE?

The Golden Package of Tajer Abu Dhabi now consist of commercial activities which come under seven categories, which are:

• Business and contracting
• Commerce
• Services and operations
• Consultancy
• Design
• Transportation
• Management

ADDED have expressed that this license type will support businesses that operate using social media, permitting them to manage a business with the ability to import and export, be issued with a UAE bank account and the ability to bid and work with governmental companies.

The overall goal of the UAE government is to improve business conditions and ease of doing business for SMEs, entrepreneurs and those looking to start a business in the UAE.

DUBAI DED E-TRADER LICENSE

A similar program “e-Trader” was launched by Dubai Department of Economic Development (DED) in 2017. It was launched to regulate the sales of online commodities sold via social media and other web portals.

A “Trader license” is a license issued by Dubai Economy with the goal of regulating self-employment, home commerce, and social media trade in Dubai through the granting of an “e-Trader license.” The DED is the competent authority for regulating commercial work in Dubai and protecting domestic commerce by facilitating the system for maintaining project owners’ intellectual property rights.

For UAE and GCC nationals residing in Dubai, the legal age to register for an e-Trader license is 18 years or older. From the age of twenty-one, all residents of the Emirate of Dubai are eligible. There must be a physical address in the emirate, as well as a ‘Makani’ number, and the location will be kept confidential in the department’s database.

The license holder is allowed to add commercial activities from the same group, provided that the number of commercial activities does not exceed ten activities.

The e-Trader license is particularly beneficial for:

• Stay-at-home parents.
• Professionals who do not want to invest a lot of money on establishing a firm yet want to use their skills.
• Before launching a full-fledged firm, assess the likelihood of success.
• To make use of spare time and start a side company.
• Professionals with other professions who want to pursue their passion as a side business.
• Beginners exploring with new business concepts.
• To assess entrepreneurship abilities.

Available business activities:

• Accounting and Bookkeeping
• Agricultural Tools Trading
• Agricultural Equipment and Accessories Trading
• Agricultural Equipment and Machinery Spare Parts Trading
• Educational Technologies Research and Development
• Technological Aspects of Aircrafts Development
• Documentary Filming
• Special Effects Production
• Film, TV, and Radio Production Services
• Commercial Brokers
• Personal Shopping Services
• Recreational Services
• Wedding Parties Organising
• Parties and Entertainments Services
• Parties and Private Functions Filming
• Hospitality Services
• Fashion Shows Organising
• Facilities Management Services
• Restaurants Management
• Web-Design
• Software House
• Portal
• Social Media Applications Development and Management
• Blogging Services
• Marketing Services Via social media
• Public Networking Services
• Computer Systems Housing Services
• Electronic Chips Programming
• Internet Content Provider
• Education and Training Computer Software
• Data Entry Services
• Cloud Service and Data centers Providers
• Cyber Risk Management Services
• Auditing, Reviewing and Testing Cyber Risks
• Documents and Data verification Services
• Public relations Management
• Marketing Management
• Tax Reclaim Services
• Non-Commercial Information Services
• Surveying and Evaluating Services
• Design Services
• Project Management Services
• Online Government Transactions Processing

At Creation Business Consultants, we provide up-to-date information on the latest regulations that may affect your business. Our team of experts leverages our experience to help you understand the latest changes and provides you with all the necessary details to successfully manage your company in Dubai. Our Corporate Structuring Department will leverage the experience to help understand the latest changes while simultaneously providing you with all the details needed to run your company in Dubai. Contact a member of our Corporate Structuring team to learn more about setting up a company in the UAE and Saudi Arabia, email us at [email protected], or call UAE at +971 4 878 6240 Saudi Arabia at +966 56 865 2329.