General Trading
General Trading
General Trading in Dubai
Dubai is been ranked as one of the world’s most important business centers. Dubai’s economic and financial sectors have grown dramatically during the previous few decades. Trade and logistics have also seen significant expansion. As a result, establishing a general trade firm in Dubai is a wise investment.
If you want to form a general trade firm in Dubai but don’t know where to begin, we’ve made it easy for you. The following is a step-by-step approach to obtaining a general trade license in Dubai.]
Steps to Start a General Trading Company in Dubai
Starting a general trading company in Dubai will leave you open to a host of benefits and opportunities, some of which are listed below.
01. Local and international trade
A general trading license allows traders to import or produce all of the items mentioned in the license. The merchants can then distribute these commodities in Dubai’s domestic market or export (made goods) or re-export (imported goods) them to a lucrative nation.
02. Tax free
In most nations, significant taxes are levied on the import, manufacturing, and sale of numerous items. One of the biggest benefits is that it is nearly tax-free in the UAE. The same is true for the trade of numerous items under a general trade license Dubai. These goods can be manufactured at the lowest feasible cost.
03. Large number of products
With the exception of a few banned items or sensitive ingredients, practically all products are authorized in Dubai under a general trade license. Several items can be traded under a single license, and in exchange for the initial high payments, you will gain continued benefits from this licensing for many years to come.
04. Simple process
General commerce licenses are both profitable and simple to get in Dubai. In contrast to some other lengthy registration processes, you may obtain your trade license from DED after providing the necessary documentation in just one week. After that, you can start your company on the Dubai mainland, in free zones, or anywhere else in the UAE.
05. Easy sponsor to dependents
General commerce licenses are both profitable and simple to get in Dubai. In contrast to some other lengthy registration processes, you may obtain your trade license from DED after providing the necessary documentation in just one week. After that, you can start your company on the Dubai mainland, in free zones, or anywhere else in the UAE.
Documents Required for General Trading License
License Application
Passport copy of the investor or the shareholders (if any)
Name Approval letter from DED
MOA (Memorandum of Association)
Business plan
Fees payment receipt
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FAQ
Depending on where you choose to set up, the cost of general trading licenses in Dubai, UAE
The General Trading License enables the investor to indulge in selling, distribution, and storage, import/export, etc. General Trading License covers a wide range of business activities ranging from any retail & wholesale of goods; to the selling of accessories, clothes, furniture, electronics, etc. If the company is involved in the trade of multiple goods and not a single item, getting a general trading license is the right choice.
The validity of the General Trading license from the date of issuance is one year.
No. The license holder need not submit the annual auditing report.
The license issuance formalities are straightforward. Once the documentation part is through, the issuance formalities can be accomplished within ten days.
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