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Don’t start your Dubai business before reading about the general trading license.
It’s by far the most important concept to understand before entering the Dubai market.
What is a General Trading License?
If you want to start a business in Dubai, you will need a trade license. Every industry or business activity requires a different business license to operate. A Dubai general trading license, helps you to import, export, and distribute goods. This you get to do across many categories, across many industries under the same license.
This means you will be able to trade goods like toys, electronic gadgets, food and many others.
In short, having this one license will open up a wealth of opportunities for you.
Which business activities come under the General Trading License in Dubai?
Having a general trading license enables you to trade in more than one industry. This means the upside is huge.
And these are the activities coming under the Dubai general trading license:
- Automobile Parts and Accessories
- Renewable Energy Goods
- Agricultural Products
- Food and Beverage
- Logistic services
- Sports Goods
- Chemical
- Jewellery
- Clothing
- Furniture
- Stationary
- Cosmetics
- Electronics
- Luxury Goods
- Home Appliances
- Machinery and Tools
- Construction Materials
- Pharmaceutical Medical Gear
These are the activities under the general trading license in Dubai.
What are the other benefits of choosing a General Trading License?
A general trading license offers more benefits in comparison to a “trade license”. Here are some of more benefits you should know:
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Access to Markets and Free Zones
This license gives you access to the local and international markets. Thanks to Dubai’s general trade license, the world becomes your oyster.
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Foreign Ownership
Having this license will get you complete ownership over your business. But for this you have to open your business in a Freezone.
If you want to know about business setup in Dubai free zone, then you should check this article. It will explain all the intricacies in detail.
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Tax Relief
Having this license makes you eligible for tax exemptions as well. This is one of the biggest reasons people from all over the globe are going to Dubai for starting a business.
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Less Paperwork
Getting a general trading license is a simple process. It takes little time, depending on the business consultant you contact. And to top-it-all, this license is cost-effective.
So there is no reason to not get this license.
Next Step –
Now you know about the business activities under general trading license in Dubai. To fast track the process of getting this license you should contact a business setup firm.
A trustworthy firm with a strong track record is a safe place to hedge your bets. These people know the Dubai market, law system, and government authorities better than outsiders. So they have the knowledge and understanding to get this job done in less time.
Commitbiz is one such firm which has been assisting foreigners for over 15 years with business setup in Dubai.
If you want to get your license soon, book a free consultation with us now.
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