New business opportunity in Dubai: Firms can trade distinguished numbers plates
The Licensing Agency of the Roads & Transport Authority (RTA) is gearing up for issuing special permits to traders enabling them to officially practise the business of buying and selling distinguished number plates as early as next February.
Mohammed Abdul Kareem Nimaat, Director of RTA Vehicles Licensing, said: “These permits will be issued in order to streamline the buying and selling of distinguished licensing plates for traders who are always keen on practising this business in a way that ensures safe business conduct and secures the rights of all stakeholders.
“Permits will be issued for one year renewable, and the prerequisites of granting the permit include: the trader must have 30 owned and retained plates in the traffic file, the trader’s name must not be blacklisted by the RTA, and the trader must not have any outstanding financial dues regarding number plates. The RTA will collect a cash deposit amounting to Dh25,000 as a standing annual guarantee; which may be refundable in case the permit is expired,” he stated.
Explaining the mechanism of obtaining these permits, Nimaat said: “Permits are obtainable through registration in RTA portal. To register, the potential trader must have a commercial licence issued from the Department of Economic Development, copy of National ID card, and a passport copy, including a valid visa, in case the applicant is not a UAE national.
“The Vehicles Licensing Department will offer the authorised trader a host of initiatives highlighted by: transferring the ownership of plates available in the Traffic File online, adding an unlimited number of plates to the traffic file, transferring the ownership of plates regardless of their number or the period of relinquishing them, and issuing a list of numbers available in the Traffic File,” elaborated the Director of Vehicles Licensing.
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