Initial Approval for Business Setup in Dubai
Initial approval is a preliminary service required for starting a business in Dubai. Initial approval has to be obtained before applying for a trade license. Application for getting initial approval can be placed with the department of the economy before or after the reservation of trade name.
Initial approval for starting a business in Dubai is an acknowledgment depicting no objection from UAE Government for the proposed business to be established in the UAE. Though Initial approval is not granting an authority for the business investor to run or practice business activity, investors can move ahead with further procedures of business set up. Foreign investors are required to get the approval of the General Directorate of Residency and Foreigners’ Affairs before getting the initial approval for starting a new business in Dubai.
Some business activities will not get initial approval without the submission of additional approval details. Firms associated with legal, security, financial commodities, etc., are required to earn approval from respective government entities.
Initial approval is mandatory to obtain a commercial site lease contract and also required for obtaining external approvals from the competent authorities like DHA, RTA, TRA, etc.
Issuing or changing Initial approval fees: AED 100 Knowledge fee: AED 10 Innovation Fee: AED 10 The total cost of issuing the initial approval for starting a new business in Dubai is AED 120.
