The most flexible licence in the UAE
Inarguably offering the highest degree of freedom and flexibility, a General Trading License is one of the most sought-after licenses. A general trading license allows you to import, export and distribute goods and products.
Apart from a few restricted industries such as oil, tobacco, alcohol, pharmaceuticals which require additional permissions, a General Trading License permits you to trade in a number of diverse products under one license & is the perfect license for import-export as it does not require the goods to be related to one another.
The greatest advantage of this license is that you can mix and match multiple activities with the option to add new activities in the future.
Note: When it comes to general trading business licenses, It is always better to get a Mainland General Trading License in Dubai over a Free Zone one, as you will be able to trade freely in Dubai and throughout the UAE without any restrictions whereas with a Free Zone, there would be certain rules and regulations on the scope of trade.
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If you are looking for a reliable, professional, and efficient company to help set up your business and arrange visas in the UAE, look no further than Strive. They are fantastic, and I wholeheartedly recommend their services to anyone seeking a seamless and successful business setup experience!
Strive handled the entire process of setting up our business in Dubai and the visa processes for our family. I literally couldn't fault them on one thing. The entire process was seamless - they were super quick to respond to our endless questions. I wouldn't hesitate to recommend them to anyone.
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Dubai General Trading Business License FAQs:
What is a general trading business license, and what activities does it cover?
A general trading business license allows companies to engage in a wide range of trading activities such as importing, exporting, and distributing goods across various industries.
Can I have 100% foreign ownership with a general trading business license in Dubai?
Yes, as of recent regulations, foreign investors can now have full ownership of companies in Dubai, including those with a general trading business license.
What are the key requirements for obtaining a general trading business license in Dubai?
Key requirements include submitting a business plan, securing a physical office address, obtaining necessary approvals from authorities, and meeting any industry-specific regulations.
How long does it typically take to process and obtain a general trading business license?
The processing time can vary based on factors like the completeness of documents, approval timelines from authorities, and the specific free zone or mainland jurisdiction chosen. Generally, it can take a few weeks to a couple of months.
Does Strive assist with document preparation and application submissions for general trading licenses?
Yes, Strive provides comprehensive support for document preparation, application submissions, liaising with authorities, and ensuring compliance throughout the licensing process.
Are there any specific regulations or restrictions I need to be aware of with a general trading business license in Dubai?
It's essential to stay updated with trade regulations, customs procedures, VAT requirements, and any industry-specific regulations relevant to your trading activities in Dubai.
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Unlock the potential of Dubai's thriving market with a general trading license. Contact us now to get started and take your business to new heights. Let's embark on this journey together!