Trade License in Ajman

A trade license in Ajman is a legal permit issued by the Ajman Department of Economic Development (DED) that allows businesses to operate within Ajman. A trade license ensures compliance with local regulations and is mandatory for all commercial activities. The license specifies the business type, such as commercial, industrial, or professional, and is valid for one year. Ajman offers three main trade license types such as commercial, professional, and industrial. For example, a retail shop requires a commercial license. Obtaining this license involves submitting documents like a passport copy and business plan to the DED.

A trade license in Ajman is essential because it legally authorizes businesses to operate within Ajman. It helps you stay in compliance with regulations set by the Ajman Department of Economic Development (DED), fostering trust among customers and partners. As operating without it is illegal, it protects business owners from penalties. It also enables access to government services, bank accounts, and visa sponsorships for employees. For instance, a trade license is required to open a corporate bank account. Ultimately, it supports smooth business operations and enhances credibility in Ajman’s competitive market.

Follow five key steps outlined by the Ajman Department of Economic Development (DED) to get a trade license in Ajman.

Choose a Business Activity

The first step to getting a trade license in Ajman is choosing a business activity. Select from commercial, industrial, or professional types. For example, trading goods requires a commercial license. Confirm your choice with the DED, as it defines your license category. Submit this decision online via the DED portal or in person.

Reserve a Trade Name

The second step to get a trade license in Ajman is reserving a trade name. Pick a unique name adhering to DED guidelines, no offensive terms allowed. Check availability through the DED website. Approval takes 1-2 days.

Prepare Legal Documents

The third step to get a trade license in Ajman is preparing legal documents. Gather a passport copy, visa, and business plan. Include a tenancy contract for your office space. Submit these to the DED. Accuracy speeds up approval, typically completed within 3-5 days, ensuring compliance with local laws.

Pay Fees

The fourth step to get a trade license in Ajman is paying the fees. Costs vary by license type, around AED 6,000 for commercial licenses. Pay online via the DED portal or at their office. Receive a payment voucher.

Collect License

The fifth step to get a trade license in Ajman is collecting the license. Visit the DED office or download it from their portal after approval. Approval takes 1-2 weeks total. The trade license in Ajman remains valid for one year and requires annual renewal. Start operations legally once received.

Ajman offers three main types of trade licenses through the Department of Economic Development (DED). These cater to distinct business activities in the emirate.

Commercial Trade License

A commercial trade license in Ajman is a permit for businesses involved in trading goods and services. The commercial license covers business activities like retail, wholesale, and import-export. For example, a grocery store requires a commercial trade license. The DED issues it after verifying the business scope. It suits entrepreneurs aiming to sell products legally in Ajman’s markets.

Professional Trade License

A professional trade license in Ajman is a permit for service-based businesses relying on expertise. Professional license includes professions like consultancy, legal services, or design. For instance, an architect needs this license. The DED ensures qualifications match the service. The license supports skilled individuals offering specialized services in Ajman.

Industrial Trade License

An industrial trade license in Ajman is a permit for manufacturing and production businesses. Industrial license applies to factories producing goods like textiles or electronics. A furniture factory, for example, requires an industrial trade license. The DED approves it based on facility compliance. It enables industrial operations within Ajman’s economic framework.

The cost of a trade license in Ajman varies between AED 5,000 and AED 20,000, depending on the license type and business size. Issued by the Ajman Department of Economic Development (DED), fees differ for commercial, professional, and industrial licenses. A commercial license starts at AED 6,000. Additional costs include AED 350 for trade name reservation and AED 600 for renewal. For example, an e-commerce license with no visa costs AED 5,555. Expenses rise with visas or larger operations, but Ajman remains cost-effective compared to Dubai.