To obtain a general trading license in Dubai, you need to follow these steps:
- Determine the type of company you want to establish – There are several types of business entities in Dubai such as sole proprietorship, partnership, LLC, and more. Choose the one that suits your business requirements.
- Choose a company name – The name should not violate any trademark or copyright laws and must comply with the naming conventions of the Dubai Department of Economic Development (DED).
- Apply for initial approval – Submit an application to the DED with the proposed business activities, company name, and details of shareholders.
- Rent an office space – You need to have a physical address in Dubai to register your company. You can either buy or rent an office space.
- Obtain a trade license – Apply for a trade license with the DED. The requirements may vary depending on the type of business entity you choose.
- Register for VAT – If your business turnover exceeds AED 375,000 per annum, you need to register for VAT (Value Added Tax).
- Obtain necessary permits and approvals – Depending on the nature of your business, you may need to obtain additional permits and approvals from relevant authorities.
- Register with Dubai Chamber of Commerce – Register your company with the Dubai Chamber of Commerce to obtain a membership certificate.
- Hire employees – Once your company is registered, you can hire employees and obtain their work visas.
What is a General Trading License in Dubai?
A General Trading License in Dubai is a type of business license that allows a company to engage in a broad range of trading activities within the Emirate of Dubai. This license is issued by the Department of Economic Development (DED) in Dubai and allows businesses to import, export, distribute, and trade in various goods and commodities.
With a General Trading License, a company can trade in a wide range of products, including electronics, textiles, food items, building materials, and many others. The license is suitable for companies that intend to trade in multiple product categories or wish to expand their trading activities to include various product lines.
How to Get a General Trading License in Dubai?
Getting a general trading license is a must, especially if you plan to get involved in multiple trading activities. Even if these activities are spread across different industries, a general trading license will cover them. That’s why getting a general trading license should be one of the most important steps for easy and smooth company formation in Dubai. Once you’ve got your general trading company license in Dubai, your business startup in Dubai is allowed to conduct all of its trading activities under this one license.
Documents Required To Get a General Trading License in Dubai
- Business plan
- License Application
- Fees payment receipt
- Name Approval letter from DED
- MOA (Memorandum of Association)
- Passport copy of the investor or the shareholders (if any)
Dubai Mainland General Trading License
A Dubai Mainland General Trading License is a type of business license that allows a company to trade in goods and services in the mainland area of Dubai. The license permits the company to conduct commercial activities within the UAE and internationally.
Benefits of Starting a General Trading Company in Dubai
- Strategic Location: Dubai is located at the crossroads of Asia, Europe, and Africa, making it an ideal location for companies that want to trade with these regions. Additionally, Dubai’s position as a gateway to the Middle East makes it a strategic location for companies that want to expand their reach in the region.
- Business-Friendly Environment: Dubai offers a business-friendly environment, with minimal government interference, low taxes, and minimal restrictions on foreign ownership. This makes it easier for entrepreneurs to start and grow their businesses.
- Access to Global Markets: Dubai’s well-developed infrastructure and logistics network, including the Jebel Ali Port and the Dubai International Airport, provide easy access to global markets. This makes it easier for businesses to import and export goods to and from Dubai.
- Diverse Economy: Dubai’s diverse economy offers opportunities for businesses in various sectors, including real estate, finance, tourism, and logistics.
- Government Support: The Dubai government provides various incentives and support programs for businesses, including subsidies, grants, and tax exemptions.
- Multicultural Workforce: Dubai’s diverse population offers a multicultural and multilingual workforce, making it easier for businesses to communicate with clients and partners from different regions.
- High-Quality Infrastructure: Dubai boasts a modern and sophisticated infrastructure, including world-class transportation, telecommunications, and energy networks.
Why Choose PATELS Documents Clearing Services to Set Up Your General Trading Business in Dubai, UAE?
- We will help you get any and all external approval required for your license.
- We will share the pros and cons of mainland and free zone licenses and help you choose the right one to set up your business in Dubai, UAE.
- We will offer you customized business setup packages that will perfectly match your requirements.
PATELS Documents Clearing Services is well known and trusted business setup and documents clearing services in the Dubai, UAE providing excellent services. Is there anything else we missed in this checklist? Let us know in the comments!