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Steps to setup a general trading business

by Simna N. Digital Marketer
More and more people are interested to start their business in Dubai because of the tax-free incentives available in the country. If you want to start your business in Dubai, then first know which business to start in Dubai. Depending on your business activity, you can choose the license you have to take. 

Kinds of Trade Licenses in UAE 

There are mainly 3 types of licenses in the UAE. Organizations in Dubai can apply for any of the accompanying licenses: 

Commercial license - Can do all kinds of commercial activities like trading, etc.
Professional license - These are mainly related to providing services.
Industrial license - You can opt for this if you want to do the manufacturing of products.

Steps to obtain a general trading license in Dubai


It is a simple and straightforward process for applying for a general trading license in Dubai.

Choose the jurisdiction; mainland or free zone
Choose a name for your business
Choose activities to include in the license
Choose the company structure
Get initial approval certificate
Submit all the documents; passport, visa of shareholders.
Pay the license fee and get the final approval for the license.

Why opt for a general trading license

If you want to export or import goods you require a general trading license. You can easily trade goods that are related and unrelated and include them in the license. You can trade electronics, furniture, clothes, accessories, toys, makeup products, cables, electrical items, etc with a general trading license. Local and international trade permitted with a general trading license.

If you opt for a mainland, then DED is the authority that issues your license. If you opt for a free zone, then the respective free zone authority will be in charge of issuing the license. The UAE government supports businesses that incorporate a business in the country with their advanced facilities. 

Advantages of general trading business
  • 100% repartition of profit
  • 0% personal or corporate tax
  • Easy opening of corporate bank account
  • Can trade up to 10 goods in a single license
  • Easily sponsor dependents
  • Expand the team easily
  • Hassle-free legal processes
  • No currency restrictions
  • Easy setup process

If you are interested in setting up your general trading business setup in Dubai, then contact the business setup consultants for further details.

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About Simna N. Freshman   Digital Marketer

7 connections, 0 recommendations, 26 honor points.
Joined APSense since, February 20th, 2020, From Dubai, United Arab Emirates.

Created on Apr 28th 2020 05:18. Viewed 653 times.

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