How Do I Obtain a General Trading License in Dubai?

Many entrepreneurs choose to set up a business in Dubai because of the city’s welcoming business climate and strong government support. Because of its proximity to expanding markets, low business costs, and high consumer demand, the Emirate has become a popular spot for entrepreneurs to set up a business.

The general trading license is one of the most popular and widely-issued types of business license in Dubai and the rest of the UAE. This is because Dubai firmly establishes itself as one of the world’s preeminent hubs of commerce. Because of its advantageous position, it has attracted the attention of many entrepreneurs worldwide, especially those involved in commodity trading.

Except for pharmaceuticals and weapons, which are subject to strict controls and health and safety rules, any product can be exported, imported, or traded by a company with a general trading license in Dubai. With a general trading license, a new company in Dubai can operate its whole trading operation with a single license.

Due to its high demand for goods, ease of conducting business, and proximity to growing economies, Dubai is a popular location for starting a new business. Your startup might become a massive player in the supply industry, supplying goods to businesses nationwide.

What is General Trading License? 

The term “General Trading” refers to conducting trade in various markets and sectors. Products like clothing, accessories, furniture, electronics, etc., fall under the purview of a general trading license in Dubai. Those seeking to engage in wholesale trade are also encouraged to acquire a general trade license.

It should be noted that special permission from the relevant government is required to trade restricted products like alcoholic drinks, pharmaceutical products, frozen goods, and so on.

A trader can explore all trading opportunities due to the vast potential available on local, national, and international marketplaces. A broad trading firm is not limited to any particular commercial activity. Under a single license, it can engage in businesses as diverse as trading in machines and chemicals, real estate, and food.

The Difference between Trade License and General Trading License

The general trading license enables businesses to trade any commodity inside the UAE and abroad, except those goods that are prohibited for the trade without the relevant authorities’ permission. It allows businesses to engage in retail or wholesale trade of any commodities. 

In light of this, the scope of the general trade license includes all products except those specifically exempted. A trading license restricts the holder from dealing exclusively in those commodities authorized by the issuing authority.

Other market-available items cannot be traded unless registered under the license. Thus, a general trade license’s scope is extensive and sufficiently broad in comparison to that of a trade license.

The Procedure for Obtaining a General Trading License in Dubai 

Obtaining a general trading license in Dubai is quick and easy. You are required to adhere to the guidelines that are listed below:

1. Choose a Business Jurisdiction

Investors must first choose whether they will operate on the mainland or in a free zone before applying for a business license. If you have a general trading license for the mainland, you can sell anything in the United Arab Emirates. When engaging in public trade, obtaining a license from a jurisdiction on the mainland is always preferable. There will be restrictions on your mobility if you choose a free zone.

2. Choose Your Trade Name

Determine the best business name and organization structure for your venture. Verify that the trademark is distinctive and meets all requirements set forth by the DED. For things to move forward, the corporate entity is needed.

3. Choose Your Business Activity

Make a list of everything you’ll be doing under your business’s name (a maximum of 10 per license).

4. Prepare the Required Documents

Assemble any documentation that needs to be officially approved by the government authorities:

  • A completed and signed application for a license on behalf of the business.
  •  A Memorandum of Association.
  • Department of Economic Development letter approving the company’s proposed name, duly notarized.
  •   A scanned copy of each managing partner’s passport.

5. Obtain the Necessary Approvals

Before applying to the DED, obtain any necessary external approvals for your company activities.

6. Choose the Location and Pay the Fees

Find a suitable place for your company and have Ejari authenticate your tenancy agreement. Pay the license fee and other related costs to have the license issued.

The corporation must submit authentic documentation to the Commercial Registry at the Trade license and Commercial Registration Department to obtain a legitimate trade license from a free zone or offshore.

Acquiring a DED General Trading License: The Final Steps

All paperwork will be reviewed and approved by the Commercial Registry Authority. Afterward, the business name will be registered with the Commercial Registry. 

The records will be released to the Federal Ministry of Economy by the DED. The government will provide its clearance letter after all of the paperwork, including the MOA and the application entry of the company name, has been published.

The DED issues the initial trade license and commercial registration certificates upon completion of the licensing procedures. The license is valid for 12 months from the date of issue. You’ll need to renew your license if you want to keep doing business in Dubai.

A copy of the previous license must accompany the approval document. The extension will be valid for an additional five years.

Documents Required for General Trading License in Dubai, UAE

The UAE’s regulatory bodies have established documentation standards that all businesses must adhere to. The following documents are examples of those required to apply for a general trading license:

If you want to form a company with individual shareholders, you must provide:

  • Passport copy
  • Passport size photo
  • Residence visa copy
  • Emirates ID copy

To start a trading business with corporate shareholders, you will require the following documents:

  • Certificate of incorporation
  • Certificate of incumbency or equivalent
  • Memorandum of association
  • Board resolution

Advantages of Obtaining a General Trading License in Dubai

Obtaining a general trading license in Dubai allows you to open a business with many advantages. Listed here are a few examples:

  • In the United Arab Emirates, starting a trading company is a low-risk venture that can pay off in various ways. Moreover, the tourism industry in the United Arab Emirates continues to expand rapidly, enhancing the earnings of Dubai’s general trading businesses.
  • It is possible to do business locally and abroad with a license obtained on the mainland of Dubai, including the free zones.
  • As your business begins to generate revenue and you begin to consider expansion, the ability to apply for and receive visas for additional employees is an added benefit.
  • E-trading is allowed with a general trading license. As a result, you can promote your company online and generate more income in a digital medium.
  • You have the chance to expand into a wide range of product categories. This allows you to explore potential markets for your company in Dubai.
  • Due to several tax exemptions and incentives, UAE trading enterprises generate substantial revenue. In addition to the 5% VAT, Dubai has no extra taxes or levies to worry about. In addition, all trade companies in Dubai are allowed full repatriation of assets and profits.
  • A bank account is simple to open and supports transactions in multiple currencies.

Permissible Business Activities with a General Trade License

The following are some of the famous Dubai general trading license activities:

  • With a general trade license in the United Arab Emirates, you can sell almost anything, including food, décor, gadgets, accessories, and cosmetic products, thanks to the country’s well-organized trading system and convenient transit alternatives.
  • You can open a grocery store in Dubai that sells an extensive selection of food, trinkets, and other commodities. The investment strategy, emergency reserves, inventories, and so on should all be planned out ahead of time to avoid disruptions.
  • There are several retail enterprises in Dubai and the United Arab Emirates. Breweries, jewelry shops, general accessory businesses, and more all sell expensive products and services.

Get Your General Trading License with ExpressPRO 

Dubai is one of the top cities in the United Arab Emirates and is poised for continued growth, so getting a general trade license makes sense. However, you must submit a detailed and error-free general trade license application to ensure a smooth process.

One of the most efficient ways to acquire this license is by working with ExpressPRO. Our company formation specialists will handle all paperwork, licensing, banking, and other administrative tasks on your behalf. We will register your business remotely if you provide us with your documents online. Contact us if you need help setting up a company or acquiring a general trading license in the UAE.

 

Set up Your UAE Company with ExpressPRO

Please fill out the form below so our team can get in touch with you and guide you through the complete process.

Blog form

Top 5 Booming Industries to Launch Your Dubai Business Empire in 2024

March 21, 2024

Dubai. The City of Gold. A glittering metropolis that’s become synonymous with luxury, innovation, and sheer ambition. But beneath the towering Burj…

Why a Sharjah Trade License Might Be a Great Option for Your Startup Success?

January 2, 2024

Are you a budding entrepreneur looking to tap into the UAE market? Sharjah might be your golden ticket. Being the third-biggest emirate,…

Understanding the Core Factors Leading to Business Failures in Dubai

January 1, 2024

Dubai, the city of gold, is quickly becoming a hotbed for many international businesses and entrepreneurs, with many multinational giants from around…

sticking

Get Guaranteed AED 2,000

For Every Successful Referral Only With ExpressPRO

Mohsin Khan
Mohsin Khan
15:52 18 May 24
First of all thanks to Express PRO to have a man like Mr.Rohit I know he is giving me the right direction towards reaching my dreams. He is very professional, friendly, helpful and no matter how many... times I ask question they never failed to answer my concern and explained all the details that i need. I would strongly recommend their service if you want a better future here in Dubai. No words can explain how lucky I am to find a consultation company Expess Pro like this. All transaction were smooth and easy. Thank you again Mr.Rohit for all the help.They are truly knowledgeable, skilled and has empathy throughout the process. No doubt, the company’s success and the recommendations of their clients speaks for itself.read more
Sajjid Patel
Sajjid Patel
14:12 17 May 24
Rohit provided a very quick and efficient service to help us renew our company license. A big thanks to Rohit and the ExpressPro team for their thorough professionalism.
Muhammad sarfaraz uddin
Muhammad sarfaraz uddin
12:02 16 May 24
I recently contacted ExpressPRO to set up my business in Dubai and I couldn't be happier with their service. The entire process was smooth and efficient, thanks to their professional and... knowledgeable team. They guided me through every step, from company formation and trade license acquisition to opening a bank account.read more
Plat E
Plat E
07:51 14 May 24
This is the first time we setup business in Dubai. The business setup was done smoothly. When we moved forward to the visa processing, initially the information given to us was not been communicated... correctly by another department. Hassan had demonstrated his professionalism to make the process done in proper manner. Despite some delays in the process, which were entirely outside of Hassan’s control, he managed to navigate these challenges with grace and persistence. He helps us to solve all the problems and ensure everything was in order, his efforts did not go unnoticed. We highly recommend him for his outstanding service and dedication to his clients. Thank you once again for your helps!read more
Oriane International
Oriane International
08:00 07 May 24
Prompt reply and coordination and excellent services by Irshad Ismail. He assisted very professionally and helped me to get my license on time.
黃愛麗
黃愛麗
07:55 24 Apr 24
I am very lucky to met you, Hassan. Throughout the entire application process, I encountered issues like my name being written in reverse order, even during the medical check-up, you were online to... answer my questions in real-time. You were attentive to my worries even on weekends and during the Ramadan period. When Dubai faced its first major flood in 75 years, I still received your immediate response. Your dedication is truly commendable.The process for obtaining residency in Dubai is now longer due to the increasing population influx. Fortunately, applying through ExpressPro has been a breeze - fast, efficient, professional, and with prompt responses that provide peace of mind. I highly recommend this company. Once again, thank you, Hassan. May Allah bless youread more
Mj Tolentino
Mj Tolentino
13:45 23 Apr 24
As for my experience with the Express Pro company, they were very prompt in sharing updates of what is happening and the progress of documents.Double thumbs up to Mr. Paul's assistance on making... things happen at the promised certain time. We made the right choice coming to you and Thank you for your support. All the best to Express Pro.read more
Sheen Gurrib
Sheen Gurrib
10:02 22 Apr 24
I had such a smooth and quick experience. Hassan was so helpful, always keeping me updated and making sure it was done super fast! Strongly recommend!
Alessandro Nadalin (Alex)
Alessandro Nadalin (Alex)
13:06 08 Apr 24
Decided to process some of the visas in our family through them, they were extremely helpful and got everything done easily 🙂 I would gladly recommend Mahmoud Hafez, who we worked with
Erika Matullano
Erika Matullano
12:05 03 Apr 24
I recently had the pleasure of utilizing the exceptional services of ExpressPro for my business setup in Dubai, and I must say, it was an outstanding experience from start to finish.Professional and... Knowledgeable StaffI want to extend my heartfelt gratitude to Mr. Paul Pasumbal, whose exceptional patience and dedication made the entire process smooth and hassle-free. His prompt responses to all my queries, unwavering support, and expert guidance were truly commendable. His in-depth knowledge and willingness to go the extra mile exemplify the professionalism at ExpressPro.I also want to acknowledge Mr. Hassan and Ms. Girlie for their efficient handling of all my documents. Their expertise and attention to detail were instrumental in ensuring a seamless process.Efficient Business Setup and Legal ExpertiseExpressPro.ae demonstrated a remarkable level of efficiency and expertise in navigating the legal and administrative procedures related to business setup in the UAE. Mr. Hassan for emailing me all the forms needed for the processSeamless Company Formation ProcessThe entire team at ExpressPro, especially Paul Pasumbal, Girlie, and Hassan Ali, delivered nothing short of professionalism, helpfulness, and extensive knowledge throughout the company formation process. Their dedication and support were instrumental in making my entrepreneurial journey in Dubai a reality.Expert Advice and Exceptional SupportI cannot thank Mr. Paul Pasumbal enough for his unwavering commitment to addressing all my concerns and providing expert advice at every step of the company formation process. His wealth of knowledge and genuine willingness to assist made a significant difference in my experience with ExpressPro.In conclusion, I wholeheartedly recommend ExpressPro to anyone seeking business setup services in Dubai. Their exemplary team, led by individuals like Mr. Paul Pasumbal, Ms Girlie, and Mr. Hassan Ali, sets a benchmark for professionalism, expertise, and customer-centric approach. Thank you for making my entrepreneurial journey a seamless and gratifying experience.read more
Ibrahim MOHAMED IBRAHIM
Ibrahim MOHAMED IBRAHIM
13:02 19 Mar 24
very efficient and knowledgeable about procedure and how-to of the legal and administrations procedures in the UAE. Hassan and Rohit have provided me with excellent guidance for my company set-up and... employee legislation process. I clearly recommend them with no reserve.read more
Umair Khalid
Umair Khalid
09:57 19 Mar 24
It’s been a good experience.
See All Reviews
js_loader