Online Trade License Dubai, UAE

Dubai is the most cosmopolitan city in the world and it has 200+ nationalities. Dubai is a place to run a business smoothly and every person in the city has something to share or get inspired. Dubai is an ideal spot for corporate meetings, association conferences, exhibitions and other corporate events. Being a trading hub, many individuals are interested in trading various commodities and goods within the country as well as to other countries too. To fulfill their trading businesses, it is important to set up general trading license.

What is a trade license?

A certification attained by a company to practice the required business activity under the legal authority, Department of Economic Development (DED). The certificate is issued by the concerned judiciary, and without the certification, no business is allowed to take part in Dubai. Along with the Dubai Chamber of Commerce and Industry support, DED controls the legal procedures of trading licenses. The Libra Businessmen Services will help you with trading license UAE procedures.

Trading License

Different types of trading license in Dubai

Every business is categorized under a specific group by DED. This helps the investors to carry out a proper protocol to set up a business structure in Dubai. The predefined categories of business types are:

  • General trade license
  • Professional trade license
  • Commercial trade license
  • Industrial trade license

 

Set up General trading license: everything you need to know

The first step before applying for a trading license is to find out the business activity. Various business activities can be put under one general trading license. Once you are done with the business category, the next step is to choose a company name before you set up a general trading license. The UAE has some strict rules to name a business and can be easily done if you adhere to the rules. The company name you choose must be available for registration, and it must not be offensive to hear.

Do not worry, we will help you all through these procedures. You can learn more about trading license UAE procedures with our help.

Each business activity will have different documents to submit to set up a general trading license. The common documents required to provide to set up general trading license are:

 

  • Duly filled application form
  • Copy of passport of the owners/owners
  • Two color passport size photographs with white background

 

Why should you apply for a General Trading License in Dubai?

As mentioned above, Dubai is the world’s best business hub, and there are many reasons to start a business here. The company in Dubai gets an attractive tax protocol with a 0% rate on corporate as well as personal income. If you set up a general trading license for a company in the free zone, you will be exempt from customs tax too. Also, business setups have complete freedom to repatriate profits and invested capital. If you want relevant guidance regarding the cheapest trade license in UAE, feel free to contact us.

Cost to set up General Trading License in Dubai

The base capital prerequisite for setting up a Limited Liability Company (LLC) General Trading License in Dubai is AED 300,000/ -. It isn’t obligatory to show a bank, however, require referencing the equivalent in the Memorandum of Association (MOA).

According to the Department of Economic Development (DED), Dubai a General Trading organization can do the matter of importing, trading and re-exporting out of any of the permitted merchandise and, the exercises that need extraordinary can be a sole foundation (100% proprietorship with UAE or GCC National) or it tends to be Limited Liability organization (LLC) or it very well may be a Single Owner (LLC-SO) approvals, can likewise be exchanged after acquiring NOC from the competent office. The activity code for this license is 4690018. 

You can contact us to learn more about online trade license Dubai. We have experts who can guide you on each and every step.

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