If you’re an entrepreneur considering establishing a trading firm in Dubai, you’ll need to apply for a general trade license as part of the UAE business establishment procedure. A general trade license enables Dubai-based businesses to execute all of their trading activities under a single license. With a trade license, your Dubai company may become a significant player in the supplies market, supplying essential items to companies around the city.
The steps involved in obtaining a general trade license
Determine your location
By obtaining a mainland commercial license Dubai , you may do business freely within the UAE. For ordinary commerce, it is usually advised to obtain a mainland license. If you choose a free zone, you will face restrictions on the movement of products—obtained permission from Dubai’s Department of Economic Development for a mainland general trade license.
Select commercial activities
For your ordinary trade business, you may select up to ten activities. You may include all activities that include regulated items that adhere to health and safety requirements, but not those that require external permission, for example, firearms, pharmaceuticals, and so on.
Decide on a business name.
Decide on a trading name for your public trade enterprise. Submit it for preliminary approval. Read about the dos and don’ts of company names in Dubai. After approval, you may apply for a general trading license.
Secure office and warehousing space
You must rent office and warehousing space. Because general commerce involves the exchange of tangible commodities, you will want a warehouse to keep your merchandise. A mainland license enables you to get a warehouse without restriction, but a free zone license imposes restrictions on the area of activity and storage. Certain free zones, such as IFZA, allow for the operation of a virtual office. You may select any based on your requirements.
Clearance of customs
Customs clearance is a fundamental need for every firm that imports products into the nation. To do so, you must get an import code from the customs authorities and pay the relevant fee to import products into the UAE. You may register with any customs office in the emirates that is convenient for you.
In Dubai, what is a general trade business?
In short, almost everything – especially if you intend to start a firm in the UAE’s products supply sector. A commercial license Dubai enables you to deal in a wide variety of products, including apparel, accessories, and electronics, to name a few. There is no requirement for connected items, so you can deal in as many varied things as you wish, from model trains to handmade jewelry, with a general trading license.