• Choosing a business activity: You need to determine the nature of your trading activity and ensure it is permissible within the jurisdiction where you plan to operate.
• Obtaining a trade license: You will need to apply for and obtain a trade license based on the type of trading activity you plan to undertake.
• Registering the company: You will need to register your company with the Dubai Department of Economic Development (DED) or Dubai Economy.
• Opening a corporate bank account: You will need to open a corporate bank account to conduct your trading activities.
  
  

In addition to these requirements, you will also need to consider the type of license that you need for your business. There are several types of licenses that may be required depending on the nature of your business and the jurisdiction where you plan to operate. Some common types of licenses include: