If you are planning to Business Setup in Dubai, letting the Government know about your intended business and getting their approval on the same is the first and foremost requirement. That’s what we know as initial approval in Dubai! Getting a trade licence is an obligatory requirement to be able to carry out the intended business activities in Dubai. And obtaining an Initial Approval on the same is no less mandatory!
What is Initial Approval in Dubai?If not for an initial approval, you can’t proceed with the application for your trade licence, which is the key requirement to Business Setup in Dubai. You may understand it as aNo Objection Certificate (NOC) provided by the relevant authority giving a go ahead to your idea ofbusiness formation in Dubai, which is used as a supporting document while processing your request for the trade licence. Validity of the certificate is usually 6 months.
How can I apply for the Initial Approval for my business setup in Dubai?Initial Approval in Dubai can be requested through the online portal of DED right after the trade name reservation. You are required to attach some documents along with your application asthe Government has to determine several things about your business proposal including the legal form of the company, the economic activities and the licence parties (partners). The process is pretty simple! You just have to:
This should be noted that you may apply for one Initial approval at a time.
Why do I need an Initial Approval, when I am applying for the trade licence already?Initial Approval and Trade Licence are two different documents. The former is necessary to acquire the latter. To elaborate, obtaining an Initial Approval is the part of the licencing process because the certificate enables youto proceed with the next steps in setting up a business such as signing up a commercial site lease contract, reserving the trade name and attainingspecial approvals from external parties related to economic activities that require additional consent from the competent authorities. For instance, to start a pest control company in Dubai, you need to have approval from Dubai Municipality, to enter the healthcare sector you must have the NOC from the Health Authority, to open a driving school you have to get RTA’s consent, and to start a school in Dubai, you require KHDA’s approval.
Who can apply for the Initial Approval in Dubai?You may apply for the Initial Approval if you are:
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You may go either of two types:
In a regular scenario, DED takes around 10 minutes to grant an Initial Approval. The expected wait time is approx. 7 minutes.
What is the cost of obtaining an Initial Approval in Dubai?At present, the service fee charged for the issuance of the Initial Approval in Dubai is AED 120. Here’s the break-up:
Initial approval can be requested either of the three ways mentioned below:
The applicant must be ready with the following to acquire an Initial Approval:
Applicants must go through a series of steps to get an Initial Approval from DED:
Via Authorised Service CentersVia Invest in Dubai portal
Related Services:
Dubai Trade License, LLC Company Formation in Dubai, Offshore Company Formation
Source: https://liber-castuder.com/how-to-get-initial-approval-for-business-setup-in-dubai/
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