General Trade License in the UAE – Dubai Trade License
One of the most popular business activities in the UAE is General Trading as many clients wish to take advantage of Importing and Exporting with no taxes. A General Trade license gives you the freedom and flexibility to trade in just about any commodity allowable under the DED Activity List. There are certain commodities that are not permitted to be traded with a General Trading license and those are the type of products that require special approvals or clearances from different UAE Municipalities. Examples of these type of products are medical products, guns, alcohol and cars as they all need special approvals and cannot be traded under a General Trade license. These products are allowed to be traded however under a specific Commercial Trade license and with the proper approvals.
Some of our clients, who setup a General Trading company, had their first activity as trading in garments. After time, they realized that they could make more money trading in computer products as the UAE advances in technology and cities like Dubai are moving closer to a Smart City. Because this company had a General Trading License, they did not have to apply for a completely separate license in order to start trading in computer products. If they had a specific Trade License in Garments only, they would have to pay more money and go through a process of adding the activity to trade in computer products. Like this company, it is wise to choose a General Trade license from the start because it allows you to shift in business practices in the future.
General Trade License
Setting up a General Trading Business in the UAE is not difficult. Many free zones offer the license as do various local departments of economic development in all the Emirates.
But with all of the choices, which option is the best for you? If you are looking to have 100% ownership of your company, a free zone is your only option and some would say it’s the best. I would recommend the Ajman Free Zone or the Hamriyah Free Zone are the best options and are highly recommended, that is due to their low costs, strategic locations and ease of doing business. You can get a General Trade license in Ajman Free Zone for 27,150 AED with an added perk of 2 visa allotments and a Smart Office. A General Trade license in Hamriyah Free Zone costs 35,000 AED with 5 visa allotments and an E-Office. Both free zones offer deep water ports, warehouses and are located near the Sharjah Airport.
If you would like more information on setting up a General Trading Company in one of these free zones, feel free to contact me at firstname.lastname@example.org. I can provide you with all of the necessary information including costs, steps/procedures, estimated timeline and how our company will assist you.
Written by Business Setup Consultants
Business Setup Consultants provide a genuine 'customer focused' experience for it's clients. YOUR premier business setup provider or company setup provider in Dubai, Ajman Free Zone, Hamriyah Free Zone, Dubai Multi Commodities Centre (DMCC) and RAKIA.
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