General Trading License
in Dubai
A General trading license in Dubai allows entrepreneurs to conduct trading without facing penalties.
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General Trading License in Dubai
today is home to 3.3 million residents. Its population is only growing, thanks to a favorable
business climate that sees thousands of investors set up shop in Dubai and hiring
employees for their operations. Just about every industry sector is booming, and so it
makes sense to set up a trading establishment or an e-commerce operation as well to take
advantage of the growth that Dubai offers.
What is General Trading License?
A General Trading License in Dubai specifically allows the holder of the Business License to trade in various items, such as would be the case with a spices store or a supermarket. However, this comes with its own set of restrictions on what you may trade in and what you may not. For example, alcoholic beverages, firearms, and medical / healthcare products cannot be sold without securing additional permits. Dealing with frozen foods and perishable vegetables too comes with its own set of restrictions – you must have a temperature- controlled storage area or godown apart from the retail area.
Why Apply for a General Trading License in the UAE?
Because of Dubai’s population, its well-connected public transport system and its network of roads (meaning easy accessibility wherever you go), and a high disposable income, there is a lot of demand for general trading establishments which deliver to the client’s location. Dubai has the second highest number of five-star hotels in the world, and all these fine establishments, as well as four-star hotels, three-star hotels, resorts, and other players in the hospitality and tourism industry, are dependent on general trading establishments to supply them with fresh produce and provisions. There are general trading establishments that cater to institutional customers as well as the residents of Dubai, who in turn are dependent on these general
trading establishments for their various needs.
The United Arab Emirates makes it easy for those running general trading establishments
with its attractive tax structure. You are also allowed to fully
repatriate your profits, or even your invested capital. There are no forex restrictions. The local currency is in fact pegged to the US dollar, lending itself to a very stable environment,
free from the frequent changes that are normally associated with forex conversion rates.
General Trading License Activities
A General Trading License in Dubai allows you to trade in almost everything. You could trade in multiple items at the same time, even if they are unrelated to each other. For example, you could deal in baked goods as well as toys, pet supplies and perfumes, or any other combination that comes to your mind. Of course, there are licensing regulations such as how tobacco cannot be sold to minors, but for the most part, almost anything – barring a few restricted items – can be sold in the United Arab Emirates.
You also have the opportunity to hire as many workers as you need for your business operations. Foreign workers can legally bring their family over to the United Arab Emirates on spouse / dependent visas, subject to them meeting the minimum income criteria.
At Singiri Auditing we provide complete business setup in Dubai solutions – from securing the right trade licence to ensuring visa and documentation compliance. Our team of pleasant and knowledgeable company formation consultants in dubai collaborates with our legal team to ensure that all of the necessary documentation is completed.
List of Documents Required for General Trading License
Documents required
- Copy of passport
- Copy of residence visa (if already in the UAE)
- Copy of educational certificates [for Managers]
- Two passport-sized photographs
- Noc from the current sponsor if you are already a resident
This is applicable for all Directors, Shareholders, and Managers of the company.
If you want to incorporate a subsidiary of a company, notarized and legalized copies of the following from the UAE embassy in the country of origin are also required at the time of application.
- Certificate of Incorporation
- Memorandum of Association
- Incumbency Certificate / Certificate of Good Standing (if applicable)
- Board resolution and power of Attorney
Benefits of Obtaining a General Trading License in the UAE
- 100% foreign ownership
- Easy to incorporate a company in the United Arab Emirates
- Low or nil import duties
- Local and international trade
- No requirement of paid-up capital
- Applying for work visas is easy
- Applying for dependent visas for spouses and family members of staff is easy
- Freedom to recruit workers from anywhere in the world
- Ability to trade in multiple items at the same time
- Transfer funds worldwide easily
- No restrictions on foreign exchange
- Different configurations of offices to suit your needs
- Multiple warehouses available
General Trade License Cost in Dubai
The approximate cost of obtaining a general trade license will be between 15,000 AED to 50,000 AED. The license cost may vary based on factors such as warehouse size, business jurisdiction, additional approvals, office space, and visa applications.
How Singiri Auditing will Assist You in Getting a General Trading License in Dubai?
Singiri Auditing are experts in 360 business solutions. We can help you obtain your general trading license in Dubai by fastening approvals of documents and licenses as we have direct tie-ups with the top-tier management of the nation i.e., the government of Dubai.
The steps to obtain a general trading license in Dubai,
Finally, make the license fee payment along with an issuance fee.
Exclusive Packages
Specially designed packages to simplify your Account Management
BASIC PLAN
- Up To 10 Monthly Transactions
- Get Free VAT & ESR Assessment
- Updating Day To Day Transactions
- Sales
- Purchase
- General
- Monthly Accounting Reports
- Sales
- Accounts Receivable
- Accounts Payable
- Bank Reconciliation
- Balance Sheet
- Income Statement
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- -
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ADVANCED PLAN
- Up To 150 Monthly Transactions
- Get Free VAT Consultation & ESR Notification Guidance With Annual Accounting Plan Updating Day To Day Transactions
- Sales
- Purchase
- General Monthly Accounting Reports
- Sales
- Accounts Receivable
- Accounts Payable
- Reconciliation
- Balance Sheet
- Income Statement
- Cash Flow Statement
- -
- -
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PREMIUM PLAN
- Up To 400 Monthly Transactions
- Get Free VAT & ESR Assessment Updating Day To Day Transactions
- Sales
- Purchase
- General Monthly Accounting Reports
- Sales
- Accounts Receivable
- Accounts Payable
- Reconciliation
- Balance Sheet
- Income Statement
- Fixed Asset Register
- Financial Analysis
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