A guide on obtaining general trading license in Dubai free zone
A guide on obtaining general trading license in Dubai free zone
General trading licenses for Dubai free zones are becoming more and more popular. This is due to the fact that the trade industry is among the most prominent industries of the country.
These UAE free zones lie located in close proximity to sea ports as well as airports which makes it among the most optimal locations to conduct international trade. Through the decades the country has grown significantly, which has led to opened up the opportunities for entrepreneurs. This is one reason that many entrepreneurs from all over the world are eager to begin an enterprise within the UAE.
Continue reading to find out more about general trade licenses in the Dubai free zone.
General trade license 101
A general trading permit in UAE will mean that a business legally licensed to distribute, sell or store import, export and re-export products with a single license.
General trading licenses cover many different actions, including all kinds of products such as furniture, food electronics, food items, etc. Although nearly all types of product are able to be exchanged, a few products that aren't permitted to be traded, or require special approval from various municipalities. These include medical substances as well as weapons and alcohol among others.
There's a major difference between a general trading licence and a regular trade license. If you have a general trading licenses it is free to trade multiple products under the same license. This includes trading non-related goods. In contrast, when you have an ordinary trading license it is only possible to trade one kind of commodity with the license.
The major difference of general trade between general trading in free zones and on mainland is that you'll have for an additional cost of AED 15,000, minus the cost of a license to trade on the general the mainland. In contrast there aren't any additional fees to trade in general free zones. In addition, you do not need a warehouse within free zones. You can do so by using a virtual workplace.
One of the primary reasons that general trading licenses are highly sought-after is due to the tax advantages offered by the UAE. It also allows the export and import of goods with no customs tax. Additionally, establishing an enterprise within the UAE free zone is much simpler.
The price for a general license to trade in Dubai starts at AED 11,900. However, the cost could differ depending on what free zone you select. Additionally, you can create free zone businesses in 3-4 days. Furthermore, free zone authorities require the minimum of documents to establish an organization.
What are the steps to follow for receiving the free general trading zone license?
To get an general trading license, here are the steps to take:
Select the jurisdiction you prefer.
There are numerous free zones within the UAE of which you can pick the best one for your needs. The most well-known options for investors is the International Free Zone Authority (IFZA).
Select the most suitable corporate structure
To process your request, you should select one of the following business structures that are most appropriate for your needs.
Free Zone Establishment (FZE)
Free Zone Company (FZCO)
Branch Company
Apply for a company registration in dubai
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