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General Trading
License in Dubai
License in Dubai
A general trading license in the UAE is versatile and sought after because it allows trading in many types of goods from various sectors.
This license type is excellent for entrepreneurs who wish to trade in multiple products, such as electronics, garments, machinery, and food items, without using many licenses. The more the demand one license holds, the more complexity of acquiring the permit comes into the process.
Role of ExpressPRO in establishing import/export business setup in Dubai
To consider this complexity, ExpressPRO plays a significant role in establishing an import/export business in Dubai. With extensive experience in company formation and a profound understanding of the local market, ExpressPRO offers comprehensive support from start to finish. They assist in getting the required general trading license, help to meet all legal requirements, and provide valuable insights into cost-effective business set-up strategies.
Why Is Dubai Ideal
for General Trading Business?
Setting up an import/export business in Dubai or establishing a general trading business in Dubai offers numerous advantages to investors and entrepreneurs including;
Wide Range
of Activities
Tax
Benefit
Ease
of Setup
Strategic
Location
Access to World-Class
Infrastructure
How to Setup a
General Trading Business in Dubai?
Getting a general trade license involves following a step-by-step guide to understand each requirement and proceed with the next one once the process is complete.
Choose
Right Jurisdiction
Right Jurisdiction
Choose a Trade
Name for the Company
Name for the Company
Fill up the
Initial Process
Initial Process
Choose
Business Location
Business Location
Obtain
Trade License
Trade License
Apply
for Visa
for Visa
Choose
Right Jurisdiction
Right Jurisdiction
The first and most important step is to choose the right jurisdiction for your business. Businesses have two options: Free Zone or Mainland. Each has played a specific role in establishing business.
Mainland:
If you choose the mainland setup option, you can trade within the UAE market and enjoy the flexibility of opening business branches anywhere in Dubai. However, the mainland jurisdiction follows strict regulations to have a local sponsor who owns 51% of company shares. However, recent reforms in the law allowed 100% foreign ownership in specific sectors.Free Zone:
Setting up an import or export business in Dubai has allowed one to enjoy numerous benefits, including 100% foreign ownership, zero import and export duties, tax exemptions, and simplified procedures. Free Zones also provide world-class infrastructure and logistics support.Choose a Trade
Name for the Company
Name for the Company
Once you decide on the jurisdiction, you must finalize the two to three trade names for your Company. In UAE, naming a company strictly complies with regulations, such as your company name must be unique, reflect the nature of your business, and should not contain any offensive or blasphemous terms to impact the industry.
Fill up the
Initial Process
Initial Process
Continuing the process, you need to complete the initial process to get a business license. This process involves preparing and submitting required documents, typically including;
- Passport copies of the shareholders
- Visa copies
- Proof of residence
- Business plan
- No Objection Certificate (NOC) if applicable
These documents are necessary for both Free Zone and mainland setups.
Choose
Business Location
Business Location
Selecting a business location is vital to the success of your general trading business setup in Dubai. A free zone offers world-class facilities and logistics support. If you are on the mainland, there are opportunities to open offices and warehouses in several parts of the city, closer to the target market.
Obtain
Trade License
Trade License
You will, however, need a general trade license to run your general trading business legally. The procedure might slightly differ based on whether you are in a Free Zone or the mainland:
Free Zone:
To obtain a license in this jurisdiction, you must submit the required documents to the Free Zone Authority, pay the necessary fees, and obtain a license.Mainland:
However, for the mainland, you must apply through the DED, attach all the required documents, pay the fees, and get your license for the business.Apply
for Visa
for Visa
Once you have your trade license, you can apply for visas for yourself, your employees, and your dependents. The number of visas you can use depends on the size of your office and the nature of your business.
Cost Of Setting Up
General Trading Company
in Dubai
ExpressPRO offers flexible yet affordable plans for investor and enterpreneur to setup their general trading business in Dubai.
