adminThere are several trading options available in the UAE for launching a new business, but establishing a general trading firm in Dubai can be a wise investment. With simple rules, regulations, and taxation policies, it is among the most advantageous places in the world to launch a new business. With a general trade license in Dubai, you are able to do import and export business in a number of sectors, including apparel, furniture, electronics, and accessories.
To set up a general trading company, investors are required to obtain a general trading license in Dubai to operate their business activities legally as per company rules. The import, export, and exchange of a wide variety of goods and products are all considered to be “general trading” in the United Arab Emirates. A “general trading license,” however, is distinct from a “trade license.” in UAE. You can only trade one product category within a specific industry if you have a trading license. A general trading license is required if you plan to trade in a variety of goods across many industries.
Cost of Dubai General Trading License
A general trading license in the UAE starts at AED 12,500. However, a number of additional criteria affect how much a general trade license in Dubai will cost. The entire cost of your general trading license will depend on a number of things, including:
- Business location
- Type of business activity
- Business structure
- Visa quota
- License validity
- Number of shareholders
You can easily apply for your general trade license from AED 12,500 with the following benefits when you work with our team of business consultants at Socialite Consultancy Services:
- MOFA-approved trade license.
- Recognized by Dubai Chamber of Commerce.
- Multi-currency corporate bank account in one week.
- Online store and office setup assistance
- Import & export code with warehouse facilities.
- Connect with clearing & forwarding agents.
- Benefits of General Trading License in Dubai
Starting a general trade business in Dubai opens up a slew of advantages and prospects, some of which are outlined below.
Tax-Free
In most countries, significant taxes are levied on the import, manufacture, and sale of numerous products. One of the best benefits is that it is nearly tax-free in the UAE. The same is true for trading numerous commodities under a Dubai general trade license.
International and Local Trade
A general trading license enables businesses to import or manufacture all of the items listed in the license. The traders can then distribute these commodities in Dubai’s domestic market or export or re-export them to a profitable country.
Easy Process
General trading licenses are both profitable and simple to obtain in Dubai. In contrast to some other lengthy registration processes, you can obtain your trade license from DED after providing the necessary documentation in just one week. After that, you can start your business in the Dubai free zone, mainland, or offshore locations in the UAE.
Simple Visa Sponsor to Dependents
A general trading license also provides investors with the benefit of making visa applications for their staff and dependents easier. These traders can get UAE visas more quickly by sponsoring their dependents.
If you want to learn more about general trade licenses in Dubai and free zones that offer the cheapest trade licenses in UAE, contact us at Socialite Consultancy Services and talk to our experts.