What is a General Trading License in UAE?
The general trading license in the UAE allows companies to import, export, re-export, or trade different types of goods like furniture, clothes, electronics, foodstuff, electrical items. The cost of these licenses is usually high in the mainland, but if the entrepreneur is willing to do different types of goods/products trading, it is advisable to go for the general trading license in the UAE as the entrepreneur can enjoy these facilities in a single license and it is not compulsory to get a separate license.
Trading of Medicines, Alcohol, Chemical, Cars, Pharmaceutical products, frozen foods, etc. cannot be done through the General Trading License in the UAE, a special approval is required from the concerned government authorities.
How can you obtain a general trading license in Dubai?
1.) Select the location.
Selecting for a mainland general trading license in Dubai allows the entrepreneur to freely trade goods in the United Arab Emirates. It is always suggested to go with the mainland license for general trading in Dubai. If you are selecting for a UAE free zone, you will have limitations in moving around the goods.
2.) Select the business activities.
An entrepreneur can select up to 10 activities for the general trading business in Dubai. One can include all the activities that are regulated goods that comply with the health and safety standards and not the goods which are required for external approvals such as pharmaceutical.
3.) Select the name of your company.
Select a trading name for your general trading business in Dubai, you are required to submit 3 proposed trade names for your company.
4.) Secure office space and warehouse.
You are required to rent out a warehouse and office space. However general trading is the trading of physical goods, you require a warehouse to store the goods. A mainland license permits you to obtain a warehouse without any limitations, yet with a free zone business license, you will have certain limits in the region of operation and storing. Few free zones like International Free Zone Authority IFZA allow operating on a virtual office. One can select any relying on their needs.
5.) Customs clearance.
Getting custom clearance is an essential obligation for any business which imports goods to the nation. One should get an import code from the customs authority to import goods into the UAE.
Advantages of a general trading company in Dubai
- General trading business comes with numerous advantages and opportunities.
- Selecting a business license in Dubai mainland allows you to trade within the region, including the mainland, free zone, and internationally.
- You can apply for visas and get visas for multiple employees.
Why choose MSZ corporate services provider?
MSZ corporate services provider suggests different ways to start a general trading business in Dubai, relying upon your requirements. We will assist and guide you in getting any external approval required for your activity in the license.