{"id":26450,"date":"2020-05-08T06:18:00","date_gmt":"2020-05-08T06:18:00","guid":{"rendered":"https:\/\/arabbusinessconsultant.com\/?p=26450"},"modified":"2020-05-13T06:19:01","modified_gmt":"2020-05-13T06:19:01","slug":"step-by-step-guide-to-start-a-general-trading-company-in-dubai","status":"publish","type":"post","link":"https:\/\/arabbusinessconsultant.com\/blog\/step-by-step-guide-to-start-a-general-trading-company-in-dubai\/","title":{"rendered":"Step-By-Step Guide to Start a General Trading Company in Dubai"},"content":{"rendered":"<p style=\"text-align: justify;\">Dubai is a global business hub offering tons of opportunities for different trade activities in the UAE. It is one of the favorite places in the world among entrepreneurs and magnates to start a new business with easy rules, regulations, and taxation policies. You can set up any kind of business, company, or trading activity. Because of its strategic position and sea route connectivity, Dubai is known for trading businesses for establishing trading businesses with maximum returns.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\" wp-image-26451 aligncenter\" src=\"https:\/\/arabbusinessconsultant.com\/wp-content\/uploads\/2020\/05\/2-300x199.jpg\" alt=\"Trading\" width=\"582\" height=\"386\" title=\"Arab Business Consultant\" srcset=\"https:\/\/arabbusinessconsultant.com\/blog\/wp-content\/uploads\/2020\/05\/2-300x199.jpg 300w, https:\/\/arabbusinessconsultant.com\/blog\/wp-content\/uploads\/2020\/05\/2-81x54.jpg 81w, https:\/\/arabbusinessconsultant.com\/blog\/wp-content\/uploads\/2020\/05\/2.jpg 626w\" sizes=\"(max-width: 582px) 100vw, 582px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">In the UAE, there are multiple trading options available for starting a new business, but starting a <a href=\"https:\/\/arabbusinessconsultant.com\/general-trading-license-in-dubai-uae\/\"><strong>general trading company in Dubai<\/strong><\/a> can be a valuable investment in the country. If you are starting a business in Dubai, you need to apply for a trade license. A general trading license in Dubai allows you to conduct export as well and import activities in various sectors like clothing, furniture, electronics, accessories, etc. A general trading license covers it all apart from a few exceptions of products such as alcohol, cars, guns, and medical goods.<\/p>\n<p style=\"text-align: justify;\">To set up a general trading company in Dubai, you need to follow the proper procedures to establish a legal company and operations. Here\u2019s the step by step guide on getting a general trading\u00a0license\u00a0in Dubai.<\/p>\n<p style=\"text-align: justify;\"><strong>Make a business plan<\/strong><\/p>\n<p style=\"text-align: justify;\">The first and the most important part is to decide on what kind of business and trade activities you want to set up. You need to prepare a full-fledged business plan before applying for a general trade license in Dubai. Your business plan should cover all the factors including:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Market<\/li>\n<li>Products and activities<\/li>\n<li>Office space requirement<\/li>\n<li>Total number of employees<\/li>\n<li>Initial investment<\/li>\n<li>Investors and financing<\/li>\n<li>Marketing tactics<\/li>\n<li>Competitors<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Choose appropriate jurisdiction<\/strong><\/p>\n<p style=\"text-align: justify;\">Once you are ready with your business plan, it\u2019s time to find out the right jurisdiction and location to set up your business. In Dubai, the market is classified into three jurisdictions for different kinds of activities and operations:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Free zones<\/li>\n<li>Offshore<\/li>\n<li>Mainland<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Setting up a free zone company offers a lot of business and tax benefits. You can avail of a 100% exemption on corporate and personal\u00a0income\u00a0along with\u00a0100%\u00a0ownership\u00a0of the business as a foreign investor. Offshore companies are best for those who want to set up a business in the UAE to operate their trade activities outside the country.<\/p>\n<p style=\"text-align: justify;\">Both offshore and free zone companies are not allowed to operate their activities in Dubai mainland. That\u2019s where mainland business comes into the picture that gives you more exposure to the customers for your business activities. But, for setting up a mainland company in Dubai, you need a local investor who will hold 51% shares of the business.<\/p>\n<p style=\"text-align: justify;\"><strong>Find a Sponsor<\/strong><\/p>\n<p style=\"text-align: justify;\">If you wish to set up a mainland company in Dubai, you will need a local sponsor for your business. It is necessary for setting up a mainland business in the country that allows 51% ownership of the business with a UAE national. There are two types of sponsorship that you can get for your business: local sponsorship and corporate sponsorship. A corporate sponsor can give you 100% ownership of the business through\u00a0the Investor Right Protection Contract.<\/p>\n<p style=\"text-align: justify;\"><strong>Legal Formalities<\/strong><\/p>\n<p style=\"text-align: justify;\">Now you need to follow some legal formalities to get your general trading license to carry out your business activities legally.<\/p>\n<ul style=\"text-align: justify;\">\n<li>Decide on an appropriate\u00a0trade name for the company<\/li>\n<li>Plan\u00a0your business activities\u00a0to put them in your trading license. You can include up to 10 activities in your general trading license.<\/li>\n<li>Filling up the initial application form and apply for approval from DED<\/li>\n<li>Getting external approvals if required\u00a0depending on your chosen business activities<\/li>\n<li>Prepare\u00a0all the required documents like Memorandum of\u00a0Association\u00a0(MOA) of the company and other legal documents.<\/li>\n<li>Choose\u00a0your office or business location and\u00a0obtain a tenancy contract properly attested by Ejari.<\/li>\n<li>Submit\u00a0your final application to the Department of Economic\u00a0Development (DED)\u00a0for the license.<\/li>\n<li>Pay\u00a0the\u00a0required fee for the issuance of your general trading license.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">If you are applying for a general trading license to operate your business activities for a free zone of offshore company formation, you will be required to submit the following additional documents in original to the Commercial Registry at the trade license and commercial registration department.<\/p>\n<ul style=\"text-align: justify;\">\n<li>A duly signed license application by the company\u2019s managers or legal representatives<\/li>\n<li>Memorandum of Association\u00a0(MoA)<\/li>\n<li>An attested company name approval letter from\u00a0DED<\/li>\n<li>Passport copies of all the partners<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">On the final submission of the application form along with all the documents, the company officials will check and verify your application and documents. They will then add your trade name for the company to the commercial registry. After this, DED will forward your documents to the Federal Ministry of Economy for its publication.\u00a0After a successful publication, the ministry will issue the approval letter.<\/p>\n<p style=\"text-align: justify;\">These are the mandatory step to be followed for getting your trading license and start a general trading company in Dubai. You have to go through a tailored procedure of complete legal formalities and guidelines. Get ready to start your business in Dubai and leave the rest to us. For more details about our business setup services in the UAE, <a href=\"https:\/\/arabbusinessconsultant.com\/contact-us\/\">connect with our business setup consultants for free<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai is a global business hub offering tons of opportunities for different trade activities in the UAE. It is one of the favorite places in the world among entrepreneurs and magnates to start a new business with easy rules, regulations, and taxation policies. You can set up any kind of business, company, or trading activity. Because of its strategic position and sea route connectivity, Dubai is known for trading businesses for establishing trading businesses with maximum returns. &nbsp; In the UAE, there are multiple trading options available for starting a new business, but starting a general trading company in Dubai can be a valuable investment in the country. If you are starting a business in Dubai, you need to apply for a trade license. A general trading license in Dubai allows you to conduct export as well and import activities in various sectors like clothing, furniture, electronics, accessories, etc. A general trading license covers it all apart from a few exceptions of products such as alcohol, cars, guns, and medical goods. To set up a general trading company in Dubai, you need to follow the proper procedures to establish a legal company and operations. Here\u2019s the step by step guide&#8230;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[273],"tags":[359],"class_list":["post-26450","post","type-post","status-publish","format-standard","hentry","category-blog","tag-start-a-general-trading-company-in-dubai"],"_links":{"self":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/26450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/comments?post=26450"}],"version-history":[{"count":1,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/26450\/revisions"}],"predecessor-version":[{"id":26452,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/26450\/revisions\/26452"}],"wp:attachment":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/media?parent=26450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/categories?post=26450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/tags?post=26450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}