General Trading License in Dubai

Are you a foreigner wishing to establish a business in one of the rapidly developing economies by moving to Dubai?

There are plenty of alternatives available in Dubai for managing a business.

General trading license in Dubai permits you to participate in several business projects across numerous industries, such as food, electronics, furniture, clothing, fashion, and more.

However, obtaining a trade license is a prerequisite for registering your general trading business in Dubai.

What is a General Trading License in Dubai?

A general trading license in Dubai is a kind of license that permits trading, importing, and exporting goods and merchandise.

This license is unique in that it lets you trade a wide range of goods, with the exception of tobacco and items that don’t adhere to health regulations.

Examine the advantages of having a general trading license in Dubai for your company.

A “trading license” is not the same as a “general trading license.” You can only trade one kind of product from one industry with a trading license.

A general trading license in dubai, on the other hand, enables you to trade a variety of goods from other industries.

Why Do You Need a Dubai General Trading License?

To begin a business in Dubai that sells diverse products and you are not from that nation, you must obtain a "general trading license.

Having this license is crucial, particularly if you intend to sell a wide range of products.

This license will apply to all the goods you wish to sell, regardless of where they are from.

Obtaining a Dubai General Trading License is essential to a trouble-free firm establishment in Dubai.
Your company is allowed to purchase and sell goods under a Dubai General Trading License.
After you've figured out this crucial aspect of launching your firm, you'll be ready to dominate the market for purchasing, ling, and supplying necessary products to companies in Dubai, the United Arab Emirates, and other nations.

Steps to Get a General Trading License in Dubai

Currently, the Department of Economic Development (DED) provides general trade corporation license processing in a timely manner.

The following actions need to be taken during business registration in order to acquire a general trade license in Dubai:

Choose A Company Name

It’s imperative that you choose your company’s name in accordance with Dubai’s naming requirements.

Make sure that the rules of transliteration, the ban on offensive content, and the proper categorization of content are followed.

A well-chosen name keeps you out of trouble legally while also reflecting your business identity.

Naming rules in Dubai include:

Translation without the use of special characters into Arabic or English.
Proscription of derogatory, ethnocentric, or regional phrases.
Prohibitions against using terms like "Universal" or "International" at the beginning of sentences.
Looking for name duplication in the two languages.
Trade names are divided into premium categories A and B.
Refraining from using foul words or violating public decency.
Need embassy clearance for names connected to the nation or government.
Good for six months, with a required renewal.
Registration of trademarks with the Ministry of Economy.
Franchises may submit contracts to the Department of Economic Development using trade names.

Choose Legal Structure & Define Business Activities

In order to proceed with your general trade license in dubai application, decide on your company’s legal structure and outline the operations you plan to conduct.

Secure Office Space

Renting office space that is ready and prepared to house the storage of tangible items is something to think about.

To guarantee effective organization and simple access to your inventory, give preference to spaces with sufficient square footage and adaptable layouts when choosing a location

Getting Customs Clearance

Obtaining an import code from the customs authorities is a prerequisite for starting to import products into the Emirates. This code is an essential means of identification for your import operations and helps to ensure efficient clearance procedures.

Furthermore, registering your company with the Emirates’ customs authorities and supplying the required paperwork and details to initiate a compliance agreement with regulatory standards is authoritative.

By carefully following these procedures, you open the door for effective and law-abiding import operations in the area.

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Documents Needed for a General Trading License in Dubai

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For Corporate Shareholders

UAE General Trading License Activities

Although general trade encompasses a wide range of operations, the following are some of the most popular commercial ventures in Dubai that are permitted under general trading license in dubai:

Dubai Mainland General Trading License

In one of Dubai’s free zones or on the mainland, one can obtain a general trading license in dubai. Both choices provide packages that are reasonably priced to meet your company’s formation requirements in Dubai.

Dubai Free Zones General Trading License

Establishing a corporation in any of Dubai’s free zone jurisdictions is open to foreign investors. AED 1 million is the minimum share capital required by some Dubai Free Zone authorities in order to get a general trading license in one of the free zones.

Yet, the prices may vary based on the sort of business and location.

The Cost of General Trading License in Dubai

In Dubai, the price of a general trading license can range from AED 15,000* to AED 50,000* (approximately) or higher.

The location of your business, the size of your warehouse, the amount of office space you need, any additional approvals, the business jurisdiction, and the visa applications you submit all affect the overall cost of a license.

What is the duration of getting a trade license in Dubai?

Once your trade license application has been officially filed, you will need to wait. The positive aspect is that obtaining a trade license in Dubai doesn’t require an extended application process.

In general, it takes three days to four weeks for your trade license to be approved in Dubai.

This timeline is dependent on a number of variables, including the necessary paperwork and the particular business operations you intend to carry out.

Why to choose Icons Business Setup

Our knowledgeable staff at Icons makes it simple for investors to establish a general trading company in Dubai. Furthermore, we complete this as quickly as we can. In fact, we’ll make sure your license is issued by the time you finish your coffee in our office! Get in touch with Icons Business Setup.