If you’re considering starting a business in the UAE, this article will provide valuable insights into the general trading license, detailing its benefits for your business, the types of businesses it applies to, and the application process.
What is a General Trading License in Dubai, UAE?
A General Trading License in Dubai, UAE, is a versatile license that allows your business to export, re-export, import, and trade a broad range of unrelated goods under a single license. Unlike specific license categories, this license permits trading in various commodities, except those that are prohibited, such as oil, tobacco, and items that do not meet health and safety standards. This means you can theoretically trade everything from furniture and food to electronics and pet supplies.
The General Trading License is highly sought after by entrepreneurs and investors looking to establish a business in Dubai, UAE. It provides numerous advantages that facilitate smooth trading within the UAE and internationally. These benefits include:
- The ability to trade across nearly any industry, with the exception of restricted sectors.
- Flexibility to add multiple shareholders over time.
- No restrictions on the number of employees you can hire.
- Exemption from import duties and 100% repatriation of profits for your business in Dubai.
- Access to advanced logistics and warehouse facilities.
- The option to increase employee visa applications as your business grows and requires larger premises.
Steps to Obtaining a General Trading License in Dubai, UAE
Securing a General Trading License in Dubai, UAE, involves the following steps:
Step 1: Company Registration Begin by selecting your business activities, or list multiple activities if applicable to your business in Dubai. Choose a trade name that complies with UAE naming conventions—ensure it contains no offensive language and is available for registration. Once you’ve finalized your trade name, submit the initial approval form. If approved, authorities will issue your General Trading License in Dubai within two hours.
Step 2: E-Channel Services and Entry Permit Next, register for e-channel services, an online system designed to minimize paperwork and expedite the application process. After registration, apply for your entry permit, a temporary visa valid for up to 60 days.
Step 3: Status Change Upon receiving your entry permit, activate your status change. This can be done within the UAE, or by exiting and re-entering the country, depending on your nationality.
Step 4: Emirates ID Registration To apply for your Emirates ID card, you’ll need to undergo a medical test, including a blood test, x-rays, and other relevant check-ups. After receiving your results, you can apply for your Emirates ID card, which is necessary for opening a bank account, renting property, and setting up mobile phone contracts in Dubai, UAE.
While obtaining a General Trading License in Dubai is relatively straightforward, it requires proper documentation and attention to detail. You don’t have to navigate the process alone—Firmz Business Setup advisors are available to guide you through every step, ensuring that you acquire your General Trading License in Dubai as efficiently as possible.
Cost of a General Trading License in Dubai, UAE
The cost of obtaining a General Trading License in Dubai depend several additional factors can influence the total cost. These factors include:
- Type of business activity
- Business structure
- Visa quota
- Number of business partners
- Office and warehouse premises
To get a precise estimate of how much your General Trading License in Dubai will cost, contact our team at Firmz Business Setup. We can provide a tailored quote based on your specific needs and requirements.
Why with Firmz Business Setup?
Firmz Business Setup provides a distinct advantage in obtaining General Trading License in Dubai. With expertise in UAE business regulations, personalized solutions, and a comprehensive service range, Firmz Business Setup ensures a smoother and cost-effective license acquisition process. The team’s commitment to ongoing assistance contributes to the success of your business setup journey in Dubai.