A Brief Guide for General Trading License in UAE 2022

When beginning a business in the UAE, licensing is one of the first things on the entrepreneur’s checklist; another point is the Mainland License cost in Dubai. Specifically, obtaining a thorough understanding of the many business licenses available is wise to do before taking practical measures to obtain the license. This does not have to be a complicated process; it can be simplified with the assistance of a company formation professional who can handle your application for you. In any event, many of the permits available in Dubai and the United Arab Emirates are self-explanatory.

For example, if you provide professional services, you should apply for a license for professional services; you should apply for an industrial license in the Best Freezone in UAE if you manufacture items; and if your business is concerned with trading commodities, you should apply for a commercial license.

Within these broad categories, there are other particular licensing kinds. A general trade license is a commercial license that would benefit businesses that sell various products. The real benefit of a General Trading license in Dubai is that it allows you to trade in a wide range of unrelated commodities – from food and apparel to toys and electrical parts – under a single license. The advantage is the ease with which a general commerce license can be obtained in the UAE.

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Obtaining a General Trade License

The first step in applying for a business license is choosing your business activity because several activities can be listed under a single general commerce license.

Following the specification of your business activity, the following step is to select a company name. This is a tricky process around the globe, but there are a few added considerations to make in the UAE. The UAE has stringent corporate naming conventions. However, they are generally common sense and easy to follow.

Your company name should not contain harsh or profane words referring to well-known organizations or firms. You must also ensure that your desired business name is available for registration. A company formation specialist can handle this.

Now that you’ve decided on a name, it’s time to apply for your license. A professional in business formation can assist you with this stage,offering the Best PRO Services in Dubaiandcoordinating for theGeneral Trading license in Dubaitocompletethe application process on your behalf.

The same documents required to start a public trading company In Dubai will depend on your business activity and where you choose to set up. You will be required to provide:

  • Completed application form
  • Passport copy of the owner(s)
  • White backgroundtwo passport size color photos with

General Trading License in the UAE

Starting a business with a general trading license in UAE can have many advantages. The United Arab Emirates is one of the leadingglobal business hubs strategically placed to conduct business with every corner of the world.

As well as a welcoming and encouraging business environment, UAE companies also benefit from one of the world’s most attractive tax regimes with a 0% rate on personal and corporate income.

Set up in one of the country’s free zones, and you’ll also benefit from a 100% exemption from customs tax. Unlike many other countries, UAE free zone business owners have complete freedom to repatriate all invested capital and profits with no foreign exchange controls and restrictions.

General Trading License Activities

A significant benefit of the UAE general trading license is that it allows you to trade in almost anything outside of a few restricted industries such as oil or tobacco. However, almost any other goods you can think of can be traded under a general license. An additional advantage is that the goods need not be related. You can trade general stuff and car parts, shoes, toys, or almost any other combination.

Plenty of scope

A general trading license affords you plenty of scope to flourish, grow and diversify your business operations. You can start your company with a single shareholder and may add more over time with multiple shareholders.

There are no limitations on how many employees you hire—similarly, the larger your facility, the more visa applications you may sponsor. The process is straightforward whether you want to bring your entire family to the UAE, including children, spouses, and dependent parents, or you need to hire domestic workers, such as a housekeeper.

The Reasonably Priced General trading license in the UAE

SPC Free Zone issues the cheapest general trading license in the UAE. You can expect to pay about AED 10000 to secure your trade license.

Ensuring a smooth process

As you can see, applying for a general trading license is not overly complicated. However, it is essential to note that the process is only straightforward if your general trading license application is complete at the time of submission and free from errors.

If you are looking for a business setup in Dubai or to start a small business in Dubai, we can help. From visa applications and processing on low Family visa cost in Dubai to all the necessary admin tasks, we handle it all – leaving you free to get on with your business.