Dubai World Trade Center represents around three million annual investors, 50,000 exhibitors, and 185 countries. Many investors deal with import, export, manufacturing, and distribution business activities. And for that, you need a general trading license in Dubai.
A general trading license allows you to import and export a wide range of goods, including furniture, electronics, jewelry, and other items that you select based on your business needs. Leveraging the city’s strategic location, you can trade your goods to various Asian, African, and European countries, making enormous profits.
So, if you want to get a Dubai General trading license, continue reading. This blog will walk you through all you need to know about the trading license – the process, the documents required, and the costs involved.
What Are the Benefits of Getting a General Trading License in Dubai?
As per the guidelines in the UAE, it is mandatory to have a general trading license in Dubai if you plan to import, re-export, manufacture, and distribute any product in Dubai. The following are some of the benefits of a general trading license in the UAE:
- The UAE visa is quite-hassle free. So, the traders can easily apply for it for their employees and dependents.
- Dubai offers outstanding infrastructure, technical developments, a well-developed transportation network, and the latest amenities.
- The UAE ranks first in the world for the business abilities of its employees in areas such as management, leadership, and operations. Furthermore, the country is constantly reforming its visa norms and labor laws to attract and retain more talent. So, you can hire a skilled team for your general trading company in Dubai.
- The people of Dubai prefer high-end goods, given their high living standards. Trading such products can thus be profitable for you.
- All types of businesses in the UAE mainland and free zones are allowed to repatriate their money and profits totally.
- The UAE has a supportive government eager to support Indian entrepreneurs. Moreover, it is a technologically advanced city. Thus, the paperwork required is negligible. Also, you can obtain a trade license in less time, as opposed to various other time-consuming registration procedures.
What Documents Do You Require for a General Trading License in Dubai?
The documentation specifications set forth by the regulating bodies must be complied with by all businesses in the UAE. You will require the following paperwork to apply for a general trading license in Dubai:
- Passport copies
- Passport size photographs
- Entry visa or stamp page
Based on your trading activity and chosen business location, you may need a few more documents and approvals. To avoid any mishaps, you can consult our experts. They will help you ensure that your documents are valid and complete.
What Is the Process of Getting a General Trading License?
The general trading license application process is relatively simple, given you understand the nitty-gritty. The following is a brief overview of the process for obtaining a general trading license:
1. Choose a Business Activity
In general trading Activity, you can trade multiple products. Moreover, importing or exporting certain goods is prohibited or requires permits in the UAE. These include insecticides, fertilizers, explosives, new tires, nuclear energy-related products, and radio equipment. So, select the goods you want to trade. The authorities will verify it and grant a license accordingly.
2. Reserve a Trade Name
The UAE government requires businesses to reserve a legitimate and distinctive trading name for their enterprises. Once you’ve chosen a name, register it with the concerned authorities.
Note that the name must not be a parody of another company’s trademark and must not allude to any deities. Ensure that your company name doesn’t contain offensive words or phrases that offend a community’s feelings or values. If you want to maintain a person’s name as your company’s official name, use their full name — not a nickname.
3. Choose a Location
For a business setup, Dubai provides many options to its entrepreneurs. You can set up a trading company in the mainland or free zones. A mainland location gives you access to Dubai’s thriving local market. Thus, choose an area pertinent to your business needs.
4. Apply for the License
To trade in Dubai, you need to obtain a commercial license. For this, you will need to submit a couple of documents to the concerned departments with the application form. Fill in the form carefully to avoid any delays in the process. Submit the application to the concerned department to get the trading license and pay the necessary fees
Depending on our chosen business activity, you may also need additional permits from different authorities as a part of the initial approval. Expert consultants can help you determine the need for additional permits and help you obtain the same.
5. Start Trading
After carefully verifying your documents and application form, the relevant authority will issue your trading license within 3 days. That is if your documents are valid and authentic. Once you receive it, you can carry out business operations legally.
Moreover, you can get visas for both you and your family. You can also sponsor visas for your employees if you are hiring them from outside the UAE and open a corporate bank account for your business transactions.
How Much Does a General Trading License in Dubai Cost?
The general trading license cost depends on several factors, such as the number of visas, trading activity, location, company size, and more. Thus, it can be highly variable. However, to give you an idea, a Dubai general trading license can cost you anywhere between AED 15,000 and AED 50,000.
Our knowledgeable advisors can help you with the exact cost of the license. They will calculate the precise cost after going through your requirement. Moreover, they’ll ensure that you don’t overspend.
Activities Under General Trading License
- Online selling
- Retail store
- Trading multiple products
- Medical products (Dubai Health Authority approval required)
- Import/Export Business
- Wholesale and Retail Trade
- E-commerce Business
- Supply Chain Management
Get a General Trading License With UAE Expansion
UAE Expansion India branch experts can assist you in clarifying all your doubts. We’ll streamline the application procedure for you. Moreover, we will handle everything, including compiling the documents and getting initial approvals.
Our assistance doesn’t stop here. We can offer you all the required resources to launch your general trade company in Dubai. Additionally, we can tailor business setup solutions based on your unique business needs. All we need you to do is give us a call.