General Trading License In Dubai

by Rohit Sharma Internet Marketer

Businesses trading a number of products would be suited to a kind of commercial license is known as a general trading license. A general trading license in Dubai permits business set up in Dubai to manage all of their trading activities under one license. Any trader seeking to set up a business in Dubai should have a general trading license. If you have various activities that are in similar or unique industries, then a general trade license covers it all. The major advantage of the general trading license is that you are allowed to trade a number of un-related goods from food to clothes to electronics to toys under a single license.

Those who want to do wholesale business should also have a general trade license. Another major benefit of the general trade license is a company can trade within Dubai as well as other emirates of UAE. The Department of Economic Development Dubai permits a startup business in the UAE with a general trading license to import, export or trading of other products. Trading of Alcohol, Medicine Chemicals etc. cannot be done through a general trading license in United Arab Emirates (UAE). This business needs special approvals from concerned government authorities or municipality. Dubai offers three major choices to its investors to start a business such as a mainland, free zone and offshore. The entrepreneurs require to decide from which region he or she wish to get a trade license in Dubai.

Steps To Get General Trading License In Dubai:

Select a suitable trade name and legal structure for your business or company
Determine all the business activities to be comprised of the business license
Fill and then submit the application for initial approval
Varying on the kind of your business activity get external approvals if needed
Arrange all the needed documents such as Memorandum of Association and all the approved documents from the suitable government officials
Choose a business location to obtain a tenancy contract
Submit an application to the DED to acquire to the final license
Make a required payment for the license comprising an issuance fee for getting the license.

Benefits Of General Trading License in Dubai:

Tax-free jurisdiction
Trouble-free legal procedure
Local and international provision
Wide range of banking services
Easy access to visas for employees

Getting a general trading license in Dubai can be of extreme benefit to entrepreneurs. Because of its pro-business policies of the government traders are converge to set up a company in Dubai.