General Trading License is one of the most demanding and widely used trade licenses in Dubai and across the UAE. Companies wishing to import, trade, and export goods and products such as food, furniture, electronics, or clothes must apply for a general trading license. This allows businesses to trade not only locally within the UAE but also with markets around the world.
Scope of General Trading License in UAE?
In practical terms, that means a business could import, export, and trade any number of products – such as cosmetics, building materials, and toys – all under the same license. And the best part is, applying for a general trading license in Dubai and the UAE is extremely straightforward. Within these broad categories are a range of specific license types. Businesses trading many goods would be suited to a type of commercial license known as a general trading license. A general trading company is not restricted to any singular trade activity. It can operate across business activities as diverse as machinery and chemicals to real estate and foodstuff.
Steps in getting the General Trading License in Dubai?
To get a general Trading license in Dubai follows the below steps:
- Decide on a Trade name related to your Business.
- Choose a Business Activity.
- Apply for the Initial approval.
- Draft Memorandum of Association.
- Choose the Perfect location for your business in Dubai.
- Pay and collect your License.
Documents Required for Acquiring the General Trading License in Dubai
- Signed and duly filled General Trading License application by the investor/manager
- Memorandum of Association, Shareholder agreement, other required documents
- Attested Trade Name Approval Letter from the Dubai Economy or the respective Free zone authority
- Passport copy of the Shareholders
Benefits of Getting a Trading License in the UAE
- 100% ownership of a business
- Trade License can be issued in just one hour
- The office is not a mandatory requirement to get the license
- 100% repatriation of profit and capital for the Trading license holder.
- Can become a vendor in e-commerce platform like Amazon
- No restrictions on the number of activities or products undertaken under one license.
- Wide scope of business without restriction on distribution
- Get the license from the country of residence without traveling to UAE
Cost of getting General Trading License in Dubai
The cost involved in AED
Trade name | 735 |
Initial Approval | 110 |
MOA Drafting | 250 (if more than 1 shareholder) |
License Fees | 25000 |
Trade name Charges (Foreign Language) | 2000 |
Office | Optional |
General trading license from UAE Free Zone
There are almost 40+ Free Zones in the UAE, general trading is one of the most sought-after license types by investors in the UAE. Taking a General Trading License Package from a Free Zone has its obvious benefits such as 100 % foreign ownership, no import duty for imports to the Free Zone, access to world-class office, logistics, and warehouse facilities, and more.
Why Apply for a General trading License in UAE?
If you want to apply for the general trading license here are some important points you should know to get started with the process.
- Setting Up Business is easier
- The Setup cost is cheaper in Dubai Free Zone
- Business can be set up anywhere
- It is simple to use for multiple visas
- Business set up can be done with several shareholders
- There is a low barrier to entry of the business
- It's easy to get the dependents family visas
How Danburite will assist you?
Danburite Corporate is specialized in LLC Company Formation in the Mainland as well as Free zones of UAE. Our expert Business Consultants will guide you throughout the company formation process and ensure you obtain the General Trading License in Dubai in the most seamless way as it can be an immense advantage to a businessman. Once you decide to set up a company in Dubai. You must go through all the rules, regulations, and procedures before making a decision. Danburite Corporate has expert advisors who will provide you with the right company formation package based on your business requirements. Send us the documents online and we will register the company for you remotely.
So, if you are looking to set up a business in Dubai then reach out to our experts to know more about obtaining a General Trading License in Dubai.
