6 February, 2024

How to Get a General Trading License in Dubai

general trading license in dubai

Are you considering relocating to Dubai as a foreign entrepreneur to tap into its thriving economy? Dubai offers a plethora of opportunities for businesses across various industries. One such option is obtaining a general trading license, which permits entrepreneurs to engage in diverse commercial activities such as food, electronics, furniture, clothing, fashion, and beyond.

What is a General Trading License in Dubai?

A General Trading License in Dubai is essentially a permit that allows business owners to engage in a wide range of commercial activities within the emirate. With this license, entrepreneurs have the flexibility to operate in various industries, from food and electronics to furniture, clothing, fashion, and more. It serves as a foundational requirement for establishing a general trading company in Dubai, enabling entrepreneurs to conduct business activities seamlessly within the local market.

In simple terms, obtaining a General Trading License opens the door to a diverse array of business opportunities, empowering entrepreneurs to navigate and thrive in Dubai, growing economy.

Also Read : Gold Trading License in Dubai – Cost & Steps Involved

general trading license in dubai

How to Get a General Trading License in Dubai

Obtaining a general trading license in the UAE involves several steps, each crucial for ensuring a smooth and efficient process:

Step 1: Register the Company

  • Choose your business activities and select a trade name that adheres to UAE naming conventions.
  • Submit the initial approval form. Upon approval, authorities will issue the trade license within two hours.

Step 2: E-Channel Services and Entry Permit

  • Register for e-channel services to streamline the application process.
  • Apply for your entry permit, a temporary visa valid for up to 60 days.

Step 3: Status Change

  • Activate your status change upon receiving the entry permit. This can be done in-country or by exiting and re-entering the UAE, depending on your nationality.

Step 4: Emirates ID Registration

  • Undergo a medical test, including blood tests and x-rays, to apply for your Emirates ID card.
  • Once you receive the test results, apply for your Emirates ID card, which is essential for various activities in the UAE, such as opening a bank account and renting a property.

While the process for obtaining a general trading license is relatively straightforward, it’s essential to be prepared with the right documents and information to navigate the process efficiently. By following these steps diligently and ensuring compliance with UAE regulations, you can successfully obtain your general trading license and establish your business presence in the UAE.

Why You Need a General Trading License in Dubai?

A General Trading License in Dubai is essential for anyone looking to conduct business activities within the emirate. It serves as official permission from the government to engage in a wide range of commercial endeavors across various industries. Without this license, entrepreneurs would be limited in their ability to operate legally within Dubai’s business landscape.

In essence, obtaining a General Trading License is crucial for establishing legitimacy and compliance with local regulations. It not only enables entrepreneurs to conduct business activities smoothly but also opens doors to a myriad of opportunities in Dubai’s thriving economy. Whether you’re a small startup or a large corporation, having a General Trading License is a fundamental step towards success in the dynamic business environment of Dubai.

 

What Is A General Trading Company in Dubai?

A General Trading Company in Dubai is a type of business entity that is authorized to engage in a broad spectrum of commercial activities within the emirate. This includes buying, selling, importing, and exporting various goods across different industries such as food, electronics, textiles, furniture, and more.

One of the key features of a General Trading Company is its versatility. Unlike businesses with narrow scopes, a General Trading Company has the flexibility to operate across multiple sectors, allowing entrepreneurs to explore diverse opportunities within Dubai’s vibrant market.

In essence, a General Trading Company serves as a hub for commerce, facilitating trade and transactions across various products and industries. By harnessing the expansive reach of such a company, entrepreneurs can capitalize on the dynamic business environment of Dubai and tap into its ever-growing economy.

Also Read : ECommerce License in Dubai – Cost & Requirements

Documents Required To Get a General Trading License in Dubai

To acquire a general trading license in Dubai and establish your trading company, you must submit specific documents to the relevant authority. Here’s a rundown of the essential documents required:

Business Plan: A detailed outline of your business goals, strategies, and operations.

License Application: The formal application form for obtaining the general trading license.

Fees Payment Receipt: Proof of payment for the required license fees.

Name Approval Letter from DED: Confirmation from the Department of Economic Development (DED) that your chosen business name complies with regulations.

Memorandum of Association (MOA): A legal document outlining the company’s structure, objectives, and shareholder details.

Passport Copy: A copy of the investor’s or shareholders’ passports, if applicable.

Additionally, for individuals involved in the company:

Passport Copy: A copy of the passport.

Residence Visa Copy or Visit Visa: Documentation of residency status.

Emirates ID: Identification card issued by the government.

Once you’ve submitted your application along with these documents, the DED will review and validate them. Upon successful validation, you’ll receive a payment voucher for the license fees. It’s imperative to settle the specified costs to obtain your general trading license and legally commence your trading activities in Dubai.

 

Activities under General Trading License

General trading encompasses a wide array of business activities, and in Dubai, it opens doors to various ventures. Here are some of the most prevalent activities permitted under a general trading license:

  • Import & Export: Facilitating the trade of goods between Dubai and other countries, involving bringing products into the country for sale or sending them abroad for distribution.
  • Retail Store: Operating a physical store where customers can purchase a diverse range of products directly.
  • Online Selling: Engaging in e-commerce activities, selling goods through online platforms to customers locally or internationally.
  • Trading Multiple Products: Dealing in a broad spectrum of products across different industries, providing flexibility and opportunities for diversification.
  • Medical Products (Dubai Health Authority Approval Required): Handling the trade of medical supplies and equipment, subject to approval from the Dubai Health Authority to ensure compliance with regulations and standards.

These activities represent just a fraction of the possibilities available under a general trading license in Dubai, illustrating the versatility and potential for entrepreneurs to explore various avenues within the emirate’s thriving business landscape.

Cost of General Trading License in Dubai

In Dubai, obtaining a general trading license involves a slightly higher cost compared to licenses for single activities. However, it offers significant advantages by allowing trading across multiple products under one license, fostering business growth and diversification. This makes it a more cost-effective option in the long run.

The cost of a general trading license in Dubai typically ranges from AED 15,000 to AED 50,000 or more. Several factors influence the total cost, including the business location, warehouse size, office space, additional approvals, chosen business jurisdiction, and visa applications.

At RadiantBiz, our experts ensure transparency and authenticity in all transactions related to obtaining a general trading license. We strive to secure the most affordable general trading license in the UAE for our clients, eliminating any concerns about additional expenses associated with incorporating a general trading business in the country.

Also Read: Gold Trading License in Dubai

Benefits of Starting a General Trading Company in Dubai

advantages of launching a General Trading Company in Dubai:

  • Diverse Opportunities: Dubai’s dynamic economy offers a plethora of opportunities across various industries. With a General Trading Company, you can tap into multiple sectors, from electronics and fashion to food and more, maximizing your potential for success.
  • Flexibility: Operating under a General Trading License provides flexibility to engage in a wide range of commercial activities. This versatility allows you to adapt to market trends, explore new ventures, and diversify your business portfolio as needed.
  • Global Connectivity: Situated at the crossroads of continents, Dubai serves as a global trading hub. Establishing a General Trading Company here provides access to international markets, facilitating import and export activities and fostering connections with businesses worldwide.
  • Business-friendly Environment: Dubai offers a conducive environment for business growth and innovation. With its favorable regulatory framework, state-of-the-art infrastructure, and robust logistical network, setting up a General Trading Company becomes seamless and efficient.
  • Tax Benefits: Certain Free Zones in Dubai provide tax exemptions and incentives for businesses, including General Trading Companies. This favorable tax regime allows you to optimize your profits and reinvest in your business for further expansion.
  • Strategic Location: Positioned strategically between East and West, Dubai’s geographical location offers strategic advantages for trade. It serves as a gateway to emerging markets in the Middle East, Africa, Asia, and beyond, enhancing your business’s accessibility to a diverse customer base.
  • Reputation and Credibility: Operating from Dubai lends credibility and prestige to your business. The city’s reputation as a global business hub enhances your brand image and instills confidence in potential partners, investors, and customers.

In summary, starting a General Trading Company in Dubai presents a host of benefits, ranging from diverse opportunities and flexibility to global connectivity and tax advantages

Why Choose RadiantBiz to Set Up Your General Trading Business in Dubai, UAE?

Why selecting RadiantBiz to establish your General Trading Business in Dubai, UAE, is a wise choice:

Expertise and Experience: RadiantBiz boasts a team of seasoned professionals with extensive expertise in setting up businesses in Dubai. With years of experience in the industry, we possess in-depth knowledge of the local regulations, procedures, and best practices, ensuring a smooth and hassle-free setup process for your General Trading Business.

Comprehensive Services: We offer a comprehensive range of services tailored to meet your specific business needs. From company registration and licensing to visa processing and office setup, RadiantBiz provides end-to-end solutions, saving you time, effort, and resources.

Personalized Approach: At RadiantBiz, we understand that every business is unique. That’s why we take a personalized approach to cater to your individual requirements and preferences. Our dedicated team works closely with you to understand your goals, offering customized solutions that align with your vision and objectives.

Transparency and Integrity: Transparency and integrity are at the core of our values. We believe in fostering trust and building long-term relationships with our clients. With RadiantBiz, you can expect transparent communication, honest advice, and ethical business practices every step of the way.

Efficiency and Reliability: We prioritize efficiency and reliability in all our services. Our streamlined processes and proactive approach ensure timely delivery and adherence to deadlines. With RadiantBiz by your side, you can rest assured that your General Trading Business setup will be handled efficiently and professionally.

Ongoing Support: Our commitment to your success doesn’t end with the setup process. We provide ongoing support and assistance to help you navigate the complexities of running a General Trading Business in Dubai. Whether you need guidance on compliance issues, expansion strategies, or any other aspect of your business, RadiantBiz is here to support you every step of the way.

In summary, choosing RadiantBiz for setting up your General Trading Business in Dubai, UAE, offers a combination of expertise, personalized service, transparency, efficiency, and ongoing support, making us the ideal partner for your business 

Are you ready to setup a business in Dubai with RadiantBiz? If you want to learn about starting business in UAE, you can contact us by calling +971 50 797 4832 or sending a WhatsApp message to +971 50 777 5554. You can also email us at info@radiantbiz.com for assistance.

FAQ – General Trading License in Dubai

  • What is a general trading license in Dubai?
    The General Trade License in Dubai offers investors the ability to conduct international trade effortlessly, with advanced logistics and warehouse support available at Free Zones. It allows for 100% foreign ownership, total business control, fixed fees, and full repatriation of profits.
  • What are the activities for general trading license in Dubai?
    A General Trading License permits engaging in various trading activities like importing, exporting, re-exporting, distributing, and storing goods, providing the flexibility to explore diverse business opportunities without constraints.
  • What are general trading items in Dubai?
    General trade products in Dubai include mechanical items like ceiling fans and sewing machines, consumer products like bicycles and gym equipment, as well as kitchen appliances, food processors, brewing equipment, and garment care appliances.
  • What is the cheapest trade license in Dubai?
    The IFZA Free Zone offers the most economical trade license in Dubai, priced at AED 12,900 without visas, or AED 11,900 with visa-free company setup, making it a cost-effective option for entrepreneurs.
  • How much is a general trading license in UAE?
    The cost of a general trading license in Dubai typically ranges from AED 15,000 to AED 50,000, depending on factors such as business location, warehouse size, office space, additional approvals, jurisdiction, and visa applications.
  • How do I start a general trading business?
    Starting a general trading business involves developing a comprehensive business plan that considers market conditions, competition, products, employees, office space, initial investment, marketing strategies, financing, and potential investors.
  • What is the difference between general trading and a trading license in UAE?
    While a trading license permits commercial activities in the UAE, a general trading license is broader, allowing companies to import, export, and distribute a wide range of goods, offering greater flexibility and scope for business operations.
  • How much does it cost to renew a general trading license in Dubai?
    Renewing a general trading license in Dubai Mainland typically costs between AED 8,000 to AED 15,000, depending on the business license type. For the general trading category, the fee is usually around AED 15,000.
  • How can I cancel my general trading license in Dubai?
    To cancel your general trading license in Dubai, follow these steps: review cancellation requirements, settle financial obligations, gather necessary documents, visit the Department of Economic Development (DED), submit a cancellation application, and pay applicable fees.