Business Set Up In UAE | Minimum Age

minimum age to trade in uae

Minimum Age To Start Business In UAE

minimum age to trade in uae

Minimum age for starting a business in the UAE has been lowered to 18 years of age. This is as compared to the previous law, which had set the minimum age to 21. 

This means that, now, individuals who are 18 years old, and above can freely own, transact, manage and set up a business in the UAE. 

Furthermore, minors who are between the age of 15 and 18, can also trade in the UAE. Although they are subject to certain regulations, as per the UAE Cabinet. 

This became possible by virtue of the UAE new Commercial Transactions Law, which is the Federal Decree Law No. 50 of 2022 re: Commercial Transactions Law, and Articles 18.1 and 18.2, in particular. Which replaced the previous Commercial Transactions Law No. 18 of 1993.

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Business Set Up In UAE | Minimum Age - FAQ

You need to be 18 years of age to set up a business in the UAE.

Yes. Individuals aged between 15 to 18 years can trade in UAE however, will be subject to certain regulations as per the UAE Cabinet.

Freelance license in UAE is now available for those who are 18 years of age and up. Read more.

Primarily you need to obtain a business license and it needs to be for a specific business activity that you wish to conduct. Learn more.

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Business Setup in Dubai OR Other Emirates | Overview

how to setup business in Dubai & other emirates

Business Setup in Dubai OR Other Emirates | Overview

how to setup business in Dubai & other emirates

To start a business in Dubai or other Emirates, there are a few rules and guidelines.

  1. First and foremost, you need to have a business license.
    This license needs to be for a specific business activity, which you wish to conduct.
  2. Depending on the activity, you need to choose the relevant economic zone.
    It could be either on the mainland or in a free zone. In the Emirate of your choice.
  3. The exact location of your business would also depend on 1) whether and 2) what type of employees you wish to hire. 
  4. Once you choose the right business zone, you need to submit an application to that authority, with the relevant information about yourself and your business. And pay the licensing fee.
  5. You also need to choose an office and sign a lease agreement.
    It could be either for a physical office or a flexi-desk.
  6. You will also need to create your corporate logo and stamp. 

These are some of the required steps for the issuance of a basic business license.

Additionally, depending on your business, you may also be required to:

  • Open a corporate bank account.
  • Obtain various insurance policies.
  • Appoint an auditor.
  • And, register your business with the tax authority.

Importantly, your business license will need to be renewed every year, along with the submission of certain documents and payment.

Business Setup in Dubai OR Other Emirates - FAQ

First and foremost, you need to have a business license. This license needs to be for a specific business activity, which you wish to conduct.

Yes, you are a business license in order to home business in Dubai or the other Emirates.

Minimum age for trading or owning a business in the U.A.E. has been lowered to 18 years of age. This is as compared to the previous law, which had set the minimum age to 21. 

Yes. Minors who are between the age of 15 and 18, can also trade. Although they are subject to certain regulations, as per the U.A.E. Cabinet.

Yes, you require a business license even if you are a Golden Visa holder.

Age for Freelance License in UAE

Age for Freelance License in UAE

Age for Freelance License in UAE

Age for Freelance License in UAE

 

UAE Freelance licenses in Dubai or any other emirates are now available for those who are 18 years of age and up.   

 

Previously, to start a business in the U.A.E., including freelance businesses, could only be done by those who were at least 21 years old. Now, the free-zones, in particular, across most of the Emirates, have extended the option of setting up the UAE freelance licenses to anyone who reaches the age of 18.

 

For the time being, however, for those who wish to set up on the mainland, the minimum age remains 21. Although, it should just be a matter of time before the mainland also lowers its requirement to 18. 

 

To clarify, the mainland is an economic zone under the jurisdiction of DED, or the Department of Economic Development. The changes to the minimum age requirement stem from the recent legislative amendments.

 

In particular, the new U.A.E. Commercial Transactions Law, which is the Federal Decree Law No. 50 of 2022, and Articles 18.1 and 18.2, in particular. That law replaced the previous Commercial Transactions Law No. 18 of 1993.