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Are you surfing over the internet to get a trade license in Dubai? You’ve come to the right place. We’ll guide you with the procedure to get a general trading license in Dubai.
Dubai is the important trading hub of the Arab region. Dubai’s strategic location offers benefits over other European and Asian trading destinations.
Due to this benefit, the region has had significant growth in retail, logistics and trade in the past. The inexpensive energy, infrastructure facilities and the flawless communication systems present Dubai. It is the preferred trading destination of international businesses and traders. The well-equipped airport and seaport facilities having impeccable cargo-handling capabilities make Dubai the international cargo hub.
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Businesses that wish to conduct trading of goods and commodities must acquire a general trading license in the United Arab Emirates.
Here you’ll find the complete steps to get a general trading license in Dubai.
Businesses require the general trading license who likes to engage in more trading activities. It means the activities can belong to different industries. Many activities require the single general trading license to operate in the United Arab Emirates. Some activities are toy trade or furniture, trading of jewelry, electronic items, spare parts, exports and imports as well. Wholesale trading companies need a valid General Trading license to operate in the UAE. Some restrictions are suitable in trading products like beverages and tobacco. For trading these restricted products, businesses must get an external approval from its competent authority.
You must set up a trading company in the UAE’s free zone or mainland. The drawbacks and benefits vary with the jurisdiction. So, the investor must determine the jurisdiction from which they have to apply for a trade license.
Instructions are given in a brief manner.
Validity for the General Trading License is for 1 year. You must renew the license if it expires. For renewal, you must submit the expired license with proof to get approval from DED. The validity for renewed license is 5 years.
The license cost around AED 40,000.
To acquire the general trading license in UAE or Dubai, it offers a lucrative opportunity for investors and traders. It provides the reliable platform to get more revenue in business expansion.
We at Black Swan perform all procedures to get a license and related business setup in UAE and Dubai. Get in touch with us for the best plans and packages.
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Originally posted 2022-04-27 03:39:46.