Dubai is very popular as a business center in the Middle East. The past 20 years have seen tremendous growth in finance, economy, trade, and logistics, with Dubai and the United Arab Emirates making significant contributions to the global economy.
As Dubai attracts many international investors and traders from all over the world, it has increased investors’ confidence to bring their business to Dubai. Before starting a business in Dubai, a foreign company must obtain a suitable commercial license Dubai from the Ministry of Economic Development.
The DED has the power to issue trade licenses and permits, establish working time rules, and classify permitted business activities in mainland Dubai.
Among the various options for a commercial trade license in the UAE, it can be challenging for a budding entrepreneur to decide on a permit to start a business in Dubai. Yes, it depends entirely on the nature of your business activity.
If you wish to import, trade, and export goods and products such as groceries, furniture, electronics, or clothing, you will need to apply for a general trading license. It allows the company to trade markets around the world, not necessarily in the UAE. In addition, a general marketing license allows your company to change a lot of goods. With this particular license, the company can import, export, and trade many products, i. H. Cosmetics, building materials, toys, etc.
What is General Trading License in UAE?
In short, almost everything – especially if you want to start shipping goods in the UAE. With a general trade license in Dubai, you can trade a wide variety of goods such as clothing, accessories, and electronics – to name a few.
With a general marketing license, there’s no need to link items together so you can swap out as many different products as you want, from model trains to jewelry crafts.
In addition to regulated goods that must meet health and safety standards, such as medicines, frozen food, and weapons, the Department of Economic Development allows Dubai start-ups in the UAE to obtain general permits to trade for export, import, or trade-in other goods.
- Documents To Submit With Trade License Dubai Application
- Choose the correct trade name and legal structure for your company.
- Determine which business comes in the business license (maximum 10 per license).
- Fill in the application for pre-approval.
- Depending on your type of business, get external approval if necessary.
- Gather all the necessary documents such as the Memorandum of Association (MOA) and any documents accepted by the relevant state authorities.
- Select the company location and ask Ejari to confirm the rental agreement. Otherwise, this is possible without a lease agreement with a direct license.
- Apply to DED for a final license.
- Make a mandatory payment for the license, including the license fee.
Steps for Getting Trade License Dubai, UAE
If you want to apply for a general trading license and a general trading license that meets your needs, here are some key points you need to know to get the process started.
Step 1 Choose The Location For Your Business
If you choose a continental general trade license in Dubai, you can trade freely in the UAE. It is always advisable to obtain a general continental trade permit. If you choose the free zone, you will have restrictions on moving goods. Get an unrestricted license to trade on the Dubai continent from the Dubai Ministry of Economic Development.
Step 2 Decide the Business
You can select up to 10 activities for your entire trading business. You can enter any regulated activity that meets health and safety standards rather than items that require external approval—pistols, drugs, etc.
Step 3 Select Trade Name
Choose a trading name for your joint business. Submit for pre-approval. Read about options for naming a company in Dubai. Once approved, you can apply for your general marketing license.
Step 4
Choose Office Location
You need to rent office space and a warehouse. Since general trading is physical goods, you need a warehouse to store your goods. With a continental license, you can get an unlimited warehouse, but you have certain restrictions on operations and storage with a free zone license. In some free zones like IFZA, you can work in a virtual office.
Step 5
Custom Clearance
Obtaining a customs clearance is a fundamental obligation for any company importing goods into the country. You can register at the customs office of any emirate that is convenient for you.
Conclusion
One of the advantages of a DED trading license is that the company can trade in Dubai and other emirates. Dubai offers entrepreneurs three main ways to start a business in the emirate; H. You can create a business on the continent, in a free zone, or offshore. Business owners or investors have to determine their business location to get a license to trade in Dubai.
Also, decide whether to put all business activities under license, apply for pre-approval, arrange the necessary documents. The documents such as a Memorandum of Association (MOA) get approval from the relevant government agency, obtain EJARI certified leases, and submit an application to the Ministry of Economic Development for a license.
MSZ Consultancy is business consulting firm specialized in new business setups in Dubai UAE. MSZ holds all the necessary licenses to conduct business in Corporate Services, In Dubai. Our vision is to create and capture exceptional value for our stakeholders by maximizing return on investment, developing talent and optimizing performance. We have made it a mission to deliver first class services to our customers at affordable prices. We shall exceed their expectations at all times. We achieve this by adhering to our core values of Transparency, Honesty, Loyalty and Respect.
