Licensing procedures of economic activity
Investment in the free zone and approvals online management of the region where the study of the investment application and evaluation of the feasibility study attached to it and the allocation of areas of land required and the issuance of the approval of the project, but with regard to applications for licensing in the Emirate shall be apply to the Development Department in the Emirate to that effect to the citizens of the state and citizens of the Cooperation Council or joint ventures. The first in the field of application of the laws, procedures and regulations on economic activity and professional in the emirate of the Department of Economic Development, which are responsible under the objectives and tasks set up for granting licenses to any economic activity and professional in the emirate.
Citizens of the state: citizens of the state be exercised in all economic activities, professional and craft. Citizens of the Cooperation Council: is treatment of citizens of the state regarding the exercise of economic activities and professional. Citizens of other countries shall have the right to exercise activity in individual institutions and professional activities only with the condition of the appointment of a local agent of the citizens of the state. The other companies are established, provided there is a partner of the citizens of the state’s share to participate in not less than 51% of the paid-up capital. As for the business professional is permissible for two or more acts of setting up a company to engage in professional activity provided that the appointment of a local agent of the citizens of the state. Other conditions particular type of activity that require certain conditions when the establishment application including conditions of the exchange and by the decisions of Bank of the UAE on the limits of capital and by type of banking activity, and that there are conditions for the exercise of financial intermediation, including obtaining a license from the Securities Commission in the State. Other conditions on the expertise of the applicants for the license or the terms and qualifications of the managers of these activities. Conditions for the establishment of branches of foreign engineering offices: where some of the conditions set out in this area. Conditions for granting licenses to audit offices: that the applicant holds a university degree in accounting are recognized in them or provide a certificate stating that he has already recorded in the Register of Accountants and Auditors. There are some basic conditions that are considered important in the completion of the conditions for granting license to practice the profession, activity and special health conditions and preventive work-related, workers and environmental protection issues.
How is the license by the Department of Economic Development
Registered trade name of the activity by applying to the Department or by the Internet or clearance offices transactions. Be the location of the activity to conduct business and enjoy this site with the consent of Department of Inspection and Control in the constituency to see the suitability of the activity. Approvals and other stakeholders in the emirate and by type of activity. Thaoh all relevant documents and applied for a license, including insurance contracts and appoint agent, documentation and certification model documentation. Is to apply for final approval of the application for a license for the activity after the completion of the required documents, then the licensee request to facilitate the provision of services related to its activity a variety of services, including the authorization of the board advertising the activity and services, phone lines, fax, telex and Internet service and mailbox, and get work visas and residence of the competent authorities. In connection with the brand or agency is required to review and Ministry of Economy to complete the procedures concerning the registration of the mark and documentation of agency business. After completing all the procedures the applicant to pay the fees due him in this regard. To be preceded by providing Miaad affiliation Chamber of Commerce and Snahh Umm Al Quwain and in accordance with the provisions of the law.