What is general trading license in UAE?

What is a General Trading License in UAE? A general trading license in UAE allows a company to export, re-export, import or trade different types of goods like foodstuff, clothes, furniture, electronics, electrical items under one roof.

What is a general trading?

General trading companies operate in a broad array of industries, including metals, energy, machinery, food, chemicals, and real estate. With respect to the form of business, in addition to conventional trading, they are also active in resource and business investment.

What is General trading in Dubai?

The activities under the general trading license in Dubai include export, import or trading of goods or products like clothes, accessories, furniture, electronics, etc. Those who wish to do wholesale business should also have a general trade license.

What is the difference between trade license and commercial license?

It is the most basic trade license available and covers a variety of available and tangible commodities such as general trading, clothes, real estate, hardware, construction, etc. A Commercial License is used for companies who wish to have more than ten business activities under their acquired trade license.

Which is the cheapest trade license in UAE?

The cheapest Free zone in Dubai that offers low cost business license is International Free Zone Authority (IFZA). It offers the investors a wide range of business activities and access to world-class infrastructure facilities.

How much is the trading license in UAE?

Generally, the cost of a trade license in Dubai ranges from AED 15,000 to AED 50,000. However, this can even rise further depending on the types of goods you want to sell, which might require special approvals by the UAE government.

How can I start general trading company in UAE?

Legal Formalities

1. Choose a trade name for the company.
2. Plan your business activities.
3. Apply for initial approval from DED.
4. Getting external approvals if required.
5. Prepare Memorandum of Association (MOA)and get it signed by your partners.
6. Choose a business location and get a tenancy contract properly attested by Ejari.

What is the difference between trading and general trading?

If you have multiple trading activities that are in the same or different industry then a general trade license covers it all. Although costlier, having this license has its own perks and advantages. However, those products are traded under a commercial trade license after going through the approval process.

What is the difference between General trading and a trading license in UAE?

A businessman who seeks opportunities in import and export in the UAE should have a general trade license. If you have multiple trading activities that are in the same or different industry then a general trade license covers it all.

What is trade license in Abu Dhabi?

Understanding What is Abu Dhabi Trade License A Abu Dhabi license is the documentation that is required by a company or individual to be allowed to carry out commercial activities in the UAE. The process is regulated and conducted through the supervision of the Department of Economic Development (DED).

How can I get general trading license in Dubai?

The steps to obtain the general trading license in Dubai include:

1. Choose a suitable trade name and legal structure for your company.
2. Decide on all the business activities to be involved in the business license (a maximum of 10 per license).
3. Fill in the application for primary approval.