The general trading license enables the licensee to trade, export and import any commodity which is permitted within the UAE. However, some of the commodities like explosives and alcohol cannot be traded with a General Trading License.
Here is the step by step guide for getting a general trading license in Dubai.
Read on!
Choose a trading name
One of the first things to choose is the trade name. Always ensure that your company name is unique and no other organisation exists in the same name to avoid legal complications.
Outline activities
It is very important to outline the business activities before applying for a trade license in UAE. You should have a clear idea regarding the activities that need to be carried out with the general trading license.
Decide your jurisdiction
The 2 main jurisdictions include the mainland and free zone. If you are opting for the mainland then the general trading license will be issued by DED and in case if you are opting for the free zone then the license will be issued by the free zone authority.
Apply for trade licence
It is crucial to apply to the concerned authority for acquiring a general trading license in Dubai. For obtaining a license, you need to produce the following documents along with the application form:
Copy of passport
Copy of sponsors Emirates ID
Memorandum of Association
NOC from the concerned authority
Once the above procedure is complete, the general trading license in Dubai will be issued to you.
Now let's take a look at the benefits of general trading license in Dubai:
100% tax-free
Hassle-free legal process
100% repatriation of profits and capital
100% company ownership
The simple and fast registration process
Modern and investor-friendly rules and regulations
No currency restrictions
Single license allows the licensee to trade a large number of products
Grants access to any office location in Dubai
Easy to sponsor dependents
The cost of the general trading licence is AED 13,500 for single shareholders and is AED 16,500 for multiple shareholders. However, the general trading license is only valid for one year and needs to be renewed.
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