Overview
Getting a general trading license in Dubai is an important task for business setup that requires careful consideration. This process can be simplified with the right business setup consultancy in Dubai.
One such agency is VIP PRO Services which will help you throughout the entire journey of getting your trade licenses in Dubai, UAE.
In this blog, let’s understand the importance, the process of getting a general trading license, and the business activities we can run with this license.
Insights on a General Trading License in Dubai
A general trading license is a type of commercial license that allows businesses to trade in a wide variety of goods and products. This license is particularly suitable for businesses that intend to engage in multiple trading activities under one license. It is issued by the Department of Economic Development (DED) in Dubai.
There are plenty of benefits of having a general trade license in Dubai, some of the major advantages are listed here:
Versatility: Trade a wide range of products under a single license with complete foreign ownership.
Market Access: Dubai is known as the best strategic location for running a trading business. Provides access to local and international markets, facilitating import and export activities.
Simplified Process: Streamlines the process of trading multiple products without the need for multiple licenses.
Reputation: Enhances the credibility and reputation of the business in the inside and international trade sector.
Business Expansion: Enables businesses to easily expand their trading activities and explore new markets.
Visa Eligibility: This license helps in your visa application, allowing the business to sponsor visas for employees and their families.
Dubai General Trading License Activities
Business owners can engage in various activities under general trading license in Dubai. The major commercial activities include the following.
- Import and Export: Trading goods and products between Dubai and other countries.
- Wholesale and Retail: Selling goods in bulk (wholesale) or directly to consumers (retail).
- Distribution: Distributing products to various retailers, wholesalers, and other businesses.
- Storage and Warehousing: Storing goods in warehouses for future distribution and sale.
- Re-exporting: Exporting goods that have been imported into Dubai to other countries.
Types of Goods Allowed
A general trading license in Dubai covers a broad range of goods to trade inside and outside the UAE.
- Electronics and electrical equipment
- Clothing and textiles
- Furniture and home appliances
- Food and beverages
- Health and beauty products
- Machinery and equipment
- Building materials
- Automotive parts and accessories
- Jewelry and precious metals
- Office supplies and stationery
Steps to Obtain a General Trading License in Dubai
The process of getting a general trading license in Dubai includes choosing a business activity and business structure, registering a trading name, submitting all necessary documents, getting all initial and additional approvals, securing an office space, paying the general trading license cost, and obtaining the license.
We at VIP PRO Services will make your business licensing process easy for a successful general trading company formation in Dubai.
Let’s understand all these steps in detail:
- Choose a Business Activity: Decide on the specific goods you want to trade in your business.
- Select a Business Structure: Choose the appropriate legal structure for your business (e.g., sole proprietorship, LLC, partnership).
- Register the Trade Name: Select and register a unique trade name for your business.
- Submit Required Documents: Contact VIP PRO Services who will help you to submit all necessary documents avoiding any mistakes and delays. These documents include:
- Signed and duly filled out General Trading License application form
- Memorandum of Association (MOA)
- Shareholder agreement
- Attested Trade Name Approval Letter
- Original passport copy of shareholder
- Apply for Initial Approval: We will help you get all initial approval from the Department of Economic Development (DED) and other relevant government authorities.
- Lease Office Space: Secure a physical office space in Dubai and obtain a tenancy contract.
- Pay Fees: Pay the required general trading license cost in Dubai. We will help you to get your business license at reasonable prices.
- Obtain the License: Once all requirements are met, the DED will issue the general trading license.
Get Your License with VIP PRO Services
Here we have covered everything about a general trading license in Dubai including the major business activities and the process of getting the license.
Whether you want to get your commercial license, professional license, or general trading license, contact VIP PRO Services and get your trade license within 48 hours.
