General trading license is a license in which firms are involved in import, export and trading of all the allowed goods or products. There are few goods/products which are not allowed in this activity i.e., alcohol, cars, medical equipment, gold etc as these products require external departments approval. Trading in these products can be possible after getting the required approvals from the specific government departments.
If you want to do the trading for garments, foodstuff, electronics, furniture or electronics, its better to get general trading license which will cover all the activities rather than going for a single activity.
General Trading License Processing:
This license is very easy to get in Dubai after the Department of Economic Department new rules implementation. We can get the license in 5 mins (processing time) from DED.
Ofcourse, we need to complete the documentation before going to process the license. This license requires local sponsor to be 51 percent shareholder in the license and expatriates can hold 49 percent maximum shares.
The main benefit of this license is trading in local, national and international markets. The auditing of such kind of company is not required as well. The whole process is simple and easy as per the new DED rule. Banking facilities are also available for corporate or even for personal purpose.
You don’t need a physical office space for the first year for general trading activity. You can get the license without office. Once you get your business going you can go ahead and rent the office. Please note, office space is required for second year onwards.
Do you need help for processing General Trading license or need local sponsor? Please don’t hesitate to contact us on firstname.lastname@example.org