Looking for General Trading License in Dubai, UAE - Company Setup

To start a new business here, you need to obtain a legal trade license from the Department of Economic Development in Dubai. There are processes and steps of obtaining the general trading license in Dubai. The general trading license is one of the most popular business licenses in Dubai.

The general trading license allows you to trade the products that are permissible under the Department of Economic Development Activity List.

The general trading license in Dubai is for businesses that are looking to perform activities such as trading, exporting, and importing commodities. Businesses that trade in electronics, food, automobile, furniture, consumer goods, etc. need to get this license. It allows companies to trade goods locally as well as beyond the borders of the UAE.

The general trading license allows the purchase, sale, export, and import of mixed goods. This means that this license allows you to trade toys and electronics at the same time. It stands true for any number of goods you might want to trade inside and outside the UAE.

However, the trade of goods like Alcohol, Chemicals, Medicine, etc. are not covered by the general trading license. You need special government approvals for those goods.

Steps to Obtains the General Trading License in Dubai

There is a specific process you need to follow to obtain the general trading license in Dubai. The Department of Economic Development in Dubai is responsible for handling the registration processes of new businesses here. For several of these steps, you need to deal with the officials there.

Here are the steps in the process of obtaining the general trading license in Dubai:

• Choose the legal structure of your business.
• Choose a suitable and unique trade name for your business.
• Select all the business activities you mean to perform, and keep in mind that you can select up to 10 business activities per license.
• Complete the application for the initial approval from the Department of Economic Development in Dubai.
• Choose your office location and get the tenancy contract with the EJARI.
• Get the required external approvals from the relevant authorities.
• Assemble all the necessary documents like passport copies, the Memorandum of Association, etc.
• Submit all the documents for the final approval from the Department of Economic Development in Dubai.
• Pay the required fees and receive the general trading license.

Documents Required for the General Trading License in Dubai

Some official documents are required for the general trading license in Dubai. These documents are required in the second to last step of the process of obtaining the business trade license.

Here are the documents required for the general trading license in Dubai:

• The completed application form was signed by all the owners and legal representatives of the company.
• The Memorandum of Association (MOA).
• The attested company name approval letter from the Department of Economic Development in Dubai.
• Copies of the passports of all the owners and legal representatives of the company.
• The tenancy contract of the office space and the EJARI.

General Trading License Cost in Dubai

The cheapest way to obtain a general trading license in Dubai is to get it yourself. However, without previous experience in Dubai, this will be a daunting task. You will have to deal with the authorities and complete all the steps in the process by yourself.

If you are a foreigner who is new in Dubai, you probably do not know the language and customs here. In that case, it is advised that you get a consultation from experts who have years of experience dealing with issues related to the general trading license in Dubai.

The general trading license cost in Dubai will range anywhere from AED 10,000 to AED 40,000. It is not assured that it will cost you the least if you try to obtain the license by yourself. This is because you may make a mistake in any of the steps of the process and end up having to pay even more.

That is why, if you are new, you will be better off paying extra for the assistance. The best business consultants will obtain the general trading license in Dubai for you, while you can sit back and relax.

If you want to take on the challenge and obtain the general trading license by yourself, here is how you can do it.

Source: https://www.companysetup.ae/trading-license-in-dubai/