Table of Contents
How do I start a general trading business?
With the DED general trading license, you can buy and sell various goods under a single approval.
- What is the DED general trading license?
- Benefits of the DED general trading license.
- Steps to start a trading company in Dubai.
How can I get trading license in UAE?
The most employed type of business permit is the trade license in Dubai, also referred to as the commercial license and which designates most of the activities that can be carried out across the UAE. The trade license is issued by the Department of Economic Development (DED) in Dubai.
How much does it cost to start a trading company?
What are the costs involved in opening a stock brokerage firm? Startup expenses vary, but FINRA will require at least $100,000, but may require up to $150,000 in capital reserves for your firm.
How can I get general trading license in Dubai?
The steps to obtain the general trading license in Dubai include:
- Choose a suitable trade name and legal structure for your company.
- Decide on all the business activities to be involved in the business license (a maximum of 10 per license).
- Fill in the application for primary approval.
What is General trading in Dubai?
The General Trading License enables the investor to indulge in selling, distribution, and storage, import/export, etc. General Trading License covers a wide range of business activities ranging from any type of retail & wholesale of goods; to the selling of accessories, clothes, furniture, electronics, etc.
How much does general trading license cost in UAE?
A general trading license in UAE during the first year the approximate government cost for setting up a general trading license in Dubai is AED 25,000/- and from second year onwards it will be around AED 15,000/-. This type of license can be a legal holding structure within the UAE and other licensing authorities.
How much does a trading license cost in UAE?
Generally, the cost of a trade license in Dubai ranges from AED 15,000 to AED 50,000.
Why should you start a general trading company in Dubai?
Dubai has been continuously topping as one of the major business locations in the world. Over last few decades there has been a huge growth in business and financial sectors in Dubai. Sectors such as trade, logistics have also shown remarkable growth. So, starting a general trading company in Dubai is a beneficial investment.
How to start a general trading business?
For starting a general trading business, you first need to derive a business plan. A business plan will give direction to your business. Once you have a business plan, choose the jurisdiction of your company. The next step is to find a sponsor for your company.
How do I start a business in Dubai?
Choose the jurisdiction according to the requirements of your company. It is better to start you company in Dubai mainland because there is more exposure to the customers, you can trade with other companies in Dubai, there is no limitation on issuance of work visas and open multiple branches.
How to start a company in UAE without sponsorship?
You cannot start a company in mainland without getting your business sponsored by UAE national. There are two types of sponsorship; local sponsorship and corporate sponsorship. While a local sponsor will hold 51\% shares in your business, corporate sponsor will give you 100\% ownership through investor’s right protection contract.