How to get General Trading License in Dubai
The Entrepreneur looking to start a business in Dubai needs to have a general trading license. When you have multiple trading activities that are in the same or different industries then a general trade license covers it all.
Activities of the general trading license in Dubai are import, export or trading of goods or products like accessories, clothes, electronics, furniture and so on. People wishing to do the wholesale business should have a general trade license.
Read on Trading License in Dubai
Benefits to have a general trading license is, the company can trade within Dubai and other Emirates. Regulated products like pharmaceutical products, frozen goods, alcoholic beverages require special approval from the respective authority to get traded.
There are tremendous opportunities in local as well as international and national markets, the trader has the advantage of exploiting all the trading possibilities. Dubai has 3 options for its entrepreneurs for the business setup in the Emirate.
# For setting up a company in free zones, mainland or offshore.
# The business person has to decide from which area they want to get a trade license in Dubai.
# The free zones and offshore have both advantages and disadvantages.
Read on Offshore Company Formation
Steps For A General Trading License In Dubai
They have the eight-step process to get the general trading license for your trading business in Dubai:
Choosing a Corporate Entity and a Trade Name
You have to choose the legal structure and appropriate trade name for your company. Ensure the trade name abides by the conditions mentioned by the DED and is unique. The corporate entity is needed for further proceedings.
Choosing the Business Activity
Mention all the business activities to be included in the business license (the maximum of 10 per license).
Fill the Application Form
Fill in and submit the application form for initial approval.
Obtain External Approvals
Based on the type of your business activity, get external approvals if required.
Collect the Needed Documents
Organise all the needed documents like the Memorandum of Association (MOA), and all approved documents from the relevant government authorities.
Decide the Location
You have to decide on a business location and get a tenancy contract attested by Ejari.
Submission of Application
You have to apply for DED to obtain the final license.
Pay the Fees
You have to make the requisite payment for the license, which includes an issuance fee for obtaining the license.
For getting a valid trading license from offshore or a free zone, the company should submit the original documents to the Commercial Registry at the Trade license and Commercial Registration Department.
Read on Free Zone Company Formation in Dubai
Documents to submit for UAE General Trading License
# The license application signed by the legal representatives or company managers.
# The Memorandum of Association.
# Obtain the attested company name approval letter from DED.
# The passport copy of the managing partners.
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