Foreign investors can leverage the flexible regulations of business setup in Dubai to easily set up a computer trading business in the emirate. Obtaining a computer trading license in Dubai is your best shot at starting a profitable business in the region. Yet, you need to meet certain legal requirements to start the business for which business setup consultants in Dubai can advise you.
Starting a computer trading business in Dubai makes business sense as the emirate is home to a great number of businesses and offices. You can generate good profit by catering to these target business entities. However, you need to ensure that your company is set up in the right way to enjoy the benefits of registering a computer trading company in Dubai mainland.
This blog discusses everything you need to know to obtain a computer trading license in Dubai mainland. By the end of this article, you will have all the information you need to get your computer trading company incorporated on the Dubai mainland. Read ahead to know further:
Computer Trading License: What’s it?
A computer trading license is a type of commercial license in Dubai issued by the Department of Economic Development (DED). The license is called the “Computers & Peripheral Equipment Trading” license with the activity code 4741003. The activities permitted under a computer trading license in Dubai include reselling electronic computers, such as mainframes, desktop computers, laptops and computer servers and computer peripheral equipment, such as storage devices and input/output devices (printers, monitors, keyboards).
The computers allowed to be traded under this license can be analogue, digital, or hybrid. Investors setting up a computer trading business in Dubai are also allowed to carry out the installation, repair and maintenance services for the equipment they deal in. Business setup consultants in Dubai can advise you on the requirements to obtain this license.
How to Get a computer trading license?
You need to draft an application and submit it to the DED, along with the necessary documents, to get a computer trading license in Dubai mainland. However, you need to be aware of all the steps of company registration in Dubai, to get the license without any delay. Business setup consultants in Dubai can help you to navigate the licensing procedures designed by the DED. The following are the key steps of mainland company incorporation in Dubai:
- Decide the business activity
- Choose a company name
- Determine an appropriate legal form
- Get initial approval
- Rent an office space/premise and get the Ejari
- Submit all the documents
- Receive the trade license
Things to Know before Setting up a Computer Trading Business in Dubai
As per DED’s regulations of business setup in Dubai, you need to meet certain requirements before starting a computer trading business. Business setup consultants in Dubai can assist you in meeting some of these key requirements. Given below are the key things you must remember before applying for a computer trading license in Dubai:
- Sale policy must be declared to the consumer through proper ways of declaration such as goods return, replacement or reparation
- You must inform the DED of the existence of any fake products or goods in the local market
- Nor repair works should be practised unless the relevant permit is obtained
- The computer trading activity must only be practised in the location by virtue of a license/permit
- Any change in licensed location or relocation must be undertaken only after obtaining DED permission
- The name on the signboard must be similar to the commercial name stated in the license
- No activity should be carried out after 12 am unless the relevant permit is obtained
- No unoriginal software should be installed on the devices
- The store should not function as a full maintenance shop and must only repair the products which it sells
Can a Foreigner have 100% Ownership in his Company?
The new regulations of company registration in Dubai mainland allow foreign investors to have 100% ownership in more than 1000 activities. The DED has issued a list of activities that allows full foreign ownership and computer trading is one among them. It means you are not required to grant 59% of the company’s shares to a UAE national (Local Sponsor). Business setup experts in Dubai can help you with 100% ownership requirements.
Hire Top Business Setup Consultants in Dubai
The process of business setup in Dubai is highly ideal for foreign investors wishing to engage in the trading of computers and peripheral equipment. However, the licensing procedure may get delayed if you apply for a license without the help of business setup consultants in Dubai. Going solo for company registration in Dubai is not advisable for foreign investors who are not aware of the country’s laws and regulations.
This is where company formation consultants in Dubai such as Jitendra Business Consultants (JBC) can come to your rescue. We have a dedicated team who can help you to navigate the UAE immigration laws and labour laws. JBC can advise you on business setup services in Dubai such as visa processing, bank account opening, Economic Substance Regulations (ESR), Ultimate Beneficial Ownership (UBO), Anti-Money Laundering (AML)etc.