Last updated on July 13, 2022
General trading license in Dubai
Trade business is one of the most significant businesses in Dubai. Dubai has always considered a business hub for an international trade due to its strategic location. With progress in trade activities, the demand for general trade license in Dubai has increase a lot. Now, there is also a huge market in Dubai for all types of products; as there is a large expat population living in Dubai. Dubai is a trading hub. And general trading license in Dubai is the best form of trading. Because it will give you the right to trade more than one item. It is little costly but more widely held in Dubai. Before going in detail of Dubai general trade license; let me tell you some vital as well as key info about Dubai license.
Before you can start your trading in the Dubai; you need a license from DED or from any Dubai free trade zone. DED as well as the entire Dubai free trade zone offer general trading license in Dubai. The holder of this license allows performing more than one activity with the same license. Our consultant will assist you to apply for your general trading license in Dubai trade free zone; or in Dubai main land. They will also assist you in the process as well as in documentation.
Type of trade license in Dubai
There are three main type of a trade license in Dubai for you; that is if you want to start company in Dubai main land. At this stage let me tell you that the selection of one of the type depends on the type of requirements. All these three type of trade license allow you to trade locally without any problem. The 3 types of a trade license in Dubai are as follows:
- Professional – this type of trade license in Dubai; is issue to those who provide professional service, like IT, marketing, artisans, and craftsmen.
- Commercial – this type of a trade license in Dubai; is provide to those who are involved in any kind of local trading of goods.
- Industrial – this type of trade license in Dubai; is given to those who are engage in any type of industrial operation.
General trading license in Dubai is fall under the commercial license.
How to get a general trade license in Dubai?
As talk about above, if you are able to keep your business activities in line with the regulatory and legal requirements of the Dubai; then things will become easier when you apply for a general trading license in Dubai. Follow are the main steps you need to take to get your license.
- First select a name for your company
- Submit application
- Approach the DED for notarization of MOA.
- Submit all required company documents
- Apply for establishment card at the Ministry of Labor
- Get native workers registered with the Ministry of Labor
General Trading Company Activities
- Activity Code : 521904
- Activity Group : Other Trading Activities
- License Type : Commercial
Activity Description: General trading license in Dubai will empower you to involve in import; as well as export of things and trading of any of the allowed product; the activities that need special approvals, can also be traded upon obtaining NOC from the main authority.
Benefits of general trading license in Dubai:
- 100% tax free from any sort of tax
- No audit requires.
- No capital require for a Trade license in Dubai
- You can also operate your company from any part of Dubai
- Hassle free legal procedures to get the trade license in Dubai
- No currency restrictions for Trade license in Dubai
- It is allow to trade more than one item in one single license.
- Simple setup process to setup trade license in Dubai.
- Easy to get visa for employee
- And the best part is that you are free to choose office locations anywhere in Dubai
- Opening a general trading company in Dubai will allow you 100% repatriation of capital as well as profits
General trading license in Dubai
It will give you the liberty to perform more than one activity. Or simply you can say that it will allow you to perform mix type of activity. You can trade a lot of product in general trading license in Dubai; like cosmetic product, construction material trading, health product, food item; as well as dry fruits etc. You can also ask our set up consultant for complete list of item; that are allow in general trade license in Dubai.
Our set up consultant in Dubai will assist you; so that to identify which license is best for your activity. Once we identified you the most suitable option; then we can start the process of getting the license.
Characteristic of a general trading license in Dubai
Tax free trading in Dubai general trade license
Dubai has a lot of free trade zones; which allows you to trade in a tax free style. So in these free trade zones you are not liable to pay any tax on any profit. Most of the free trade zone in Dubai offer general trading activity. So you can have an option to start your general trading in one of this free trade zone. Tax free trading allows you to save a lot.
Local and global trading
A general trade license in Dubai will allow you to trade within Dubai as well as in other state of UAE; as there are great chances for profit in the local markets. But if you want to trade globally using your general trading license in Dubai; then you can also do that without any restriction.
Visa eligibility for General trade license
General trade license in Dubai have no restraint on to apply for visa for their staffs. It totally depends on the size of your Office work space; the larger you have office the more you can get the visa. Some free zone offer general trading license in Dubai with flexi desk; but they are allow only for a few visas.
Structure of General trade license in Dubai
The Structure of General trading in Dubai is come under the LLC; where you need at least 2 shareholders and maximum of 50. If you want to start your company in Dubai main land; then you need to tie up with a local; where he will act as a local sponsor. Also note that the local sponsor will hold 51% of share in the company; and you will get 49% if you are an expat. But free trade zone offer 100% ownership to expat to this type of license.
Auditing is not mandatory for General trading license
For the general trade license renewal in Dubai you don’t need to submit audit report.
Banking facility for General trading license
You can use all types of banking facilities for staffs as well as corporate banking.