Overview
A general trade license in Dubai allows a business to access diverse markets, participate in various business activities, complete business ownership, have huge tax benefits, and have networking opportunities. The availability of general trading licenses contributes a lot to the economic success of Dubai.Â
Obtaining a general trading license in freezone or mainland Dubai requires completing some necessary steps and guidelines efficiently.Â
As a recognized business setup consultancy in the UAE, here we will cover everything, entrepreneurs need to know to get their general trading license in Dubai.Â
Importance of a General Trading License in Dubai
The government of the UAE mainly offers four types of licenses to run a business in the UAE. These are:
- Commercial License in Dubai
- Professional License in Dubai
- Industrial License in Dubai
- General Trade License in Dubai
AÂ general trading license in the UAE is a permit that allows a business to export, re-export, import, and trade multiple products to a wide range of commodities. It is the most popular type of trade license among investors who dream of business setup in Dubai. This license enables entrepreneurs to trade across local regions and internationally for their business along with these benefits:
- Opportunity to trade in several industries except some restricted industries like oil, tobacco, and products that do not comply with safety and health standards.
- Over time you can add multiple shareholders.
- No restrictions on employing people in your company.
- 100% repatriation of profits without import duties.
- Avail warehouse support and advanced logistics.
- Increased employee visa applications.Â
Discover the Activities Under General Trading License in Dubai
A general trading license covers a broad spectrum of activities in the UAE. Some of the common business activities that come under a general trading license in Dubai include the following:
- Import & Export
- Retail store
- Online selling
- Trading multiple products
- Medical products
Documents Required to Get a General Trading License in Dubai
Starting a general trading company in Dubai requires submitting some essential documents to the relevant authority. The basic general trade license in Dubai requirements are listed here:
- Business plan
- License ApplicationÂ
- Fees payment receipt
- Name Approval letter from DED
- MOA (Memorandum of Association)
- Passport copy of the investor or the shareholders
Key Steps to Get a General Trade License in Dubai
Obtaining a general trading license requires completing these essential steps carefully. You can contact experts of Arab Business Consultants to get proper guidance in getting your trade license in the UAE.
Step 1: Select the Right Jurisdiction
There are two types of jurisdictions available for businesses in Dubai. These are:
Dubai Mainland: These companies are regulated by the Dubai Department of Economy and Tourism (DET) which requires to have a local sponsor in the UAE.Â
Dubai Freezone: Dubai has approximately 30 free zones that provide you with 100% business ownership without the need for a local partner in the UAE.Â
Step 2: Choose Your Trade Name
Choose a unique and relevant name for your general trading business. Make sure that your business name satisfies the naming guidelines set by the authority of the UAE. Once the name of your company has been approved you can apply for your general trading license in Dubai.Â
Step 3: Secure Your Office Space
General trading involves the physical presence of your business in Dubai. Therefore you need to secure an office space at your preferred location to get your general license.Â
Step 4: Obtain Customs Clearance
Getting customs clearance is an important obligation for your business that allows you to import goods into the country. You need to get an import code from the customs authority and pay a general trading license in Dubai fees.Â
You need to approve all your documents from the relevant authority and prepare the Memorandum of Association (MOA).Â
Discover the General Trading License Cost in Dubai
The cost of a general trading license in Dubai depends on various factors such as the chosen business jurisdiction, office space, additional approvals, visa applications, warehouse size, and more.Â
Arab Business Consultants will help you get your general trading license at affordable prices. Our general license in Dubai cost starts from 15,000 AED which allows you to enjoy 100% business ownership in the dynamic marketplace of Dubai.Â
Conclusion
Obtaining a general trade license in Dubai requires updated and in-depth knowledge of the rules, laws, and document requirements of the UAE. Therefore you need to reach out to the best business setup consultants to get personalized advice and support for your company formation in the UAE.Â
With a team of specialized business consultants, Arab Business Consultants is helping foreign entrepreneurs start a new venture in Dubai and the UAE.Â
Our specialists will provide you with end-to-end business setup services including Bank Account Opening, Visa Processing, PRO Services, VAT Registration Services, and more.
So, what are you waiting for?
Look No Future, Talk to our consultants, and make strategic plans to embark on your entrepreneurial journey in the UAE.Â
Visit Our Website to get all updated information on business setup in the UAE:
