E-services

COST & LEGAL FORM DED REQUIRES:

One of the most cost-effective methods to start a business in Dubai is with an Instant License. In Dubai, the Instant License costs only AED 3,000.  Also included in this cost is the issuance of the company’s trade name. If you are a newcomer to the UAE, you must also consider the cost of your visa application as well as the costs of any dependents.

The following legal forms are necessary for an immediate license from DED:

• Limited Liability Company
• One Person L.L.C
• Sole Proprietorship
• Civil Company.

TRADER LICENSE

Hence getting a valid trading license in Dubai, UAE forms an integral aspect of company formation in the Emirates. The DED Trader license enables start-ups in Dubai to conduct business activities online and across social networking accounts. The license aims to guide traders towards the right path to enter the business world. Through the DED Trader license, Dubai Economy seeks to regulate and enhance ease of doing business electronically. The DED Trader licence is issued electronically wherever you are by. One of the benefits of getting a DED trading license is that a company can trade within Dubai and other Emirates. Dubai gives three main possibilities to its entrepreneurs for business setup in the Emirate, one can set up the company in the mainland, or offshore. The business owner or investor needs to decide the location of their business to get a trading license in Dubai.

To obtain a trade license in Dubai, UAE, the business person has to choose a suitable trade name as well as the legal structure of the start-up. Besides, decide all the business activities to be included in the license, submit the application for initial approval, arrange the required documents like Memorandum of Association (MOA), get approval from the concerned Government authorities, get a tenancy agreement attested by the EJARI, and finally submit the application to Department of Economic Development for the license.

GENERAL TRADING LICENSE IN DUBAI

General Trading is one of the most profitable business investments in Dubai. There is a huge local demand for essential supplies and goods due to the diverse population in the UAE. Trading includes a wide range of items ranging from daily essentials to sophisticated heavy machinery. The scope of General Trading in UAE Is very vast due to the number of business activities conducted in UAE on a daily basis.

GENERAL TRADING LICENSE

The General Trading License enables the investor to indulge in selling, distribution, and storage, import or export, etc. General Trading License covers a wide range of business activities ranging from any type of retail and wholesale of goods to the selling of accessories, clothes, furniture, electronics, etc. If the company is involved in the trade of multiple goods and not a single item, getting a general trading license is the right choice.

SCOPE OF FUTURE

Variety business activities ranging from wholesale, retail, import-exports of essential goods, clothes, foodstuffs, machinery, electronics, and more fall under the purview of General Trading. The company registered for General Trading License has a scope limited to the chosen business activities for a particular General Trading License applied. It is not permitted to trade any unregistered products using an issued General Trading License.

However, compared to the specific License category, a General Trading License allows entrepreneurs to sell more items. To be clear, using a General Trading License, one can sell all essential items like packed food, home essentials, clothes, personal care products, etc.

STEPS IN OBTAINING A GENERAL TRADING LICENSE IN DUBAI

• Choose the right jurisdiction –Mainland and the business activities under the general trading License
• Choose the trade name for your company and the legal structure
• Fill up the initial approval form and submit it to the concerned authorities
• Get the required approvals for your business if required
• Prepare the required documents such as the Memorandum of Association (MOA), and all the approved documents from the relevant government authorities
• Choose the ideal business location and obtain the Tenancy Contract and Ejari
• Obtain the Trade license by submitting all the required documents and fees
• Apply for residence visa and business bank account

• Signed and duly filled General Trading License application by the investor or manager
• Memorandum of Association, Shareholder agreement, other required documents
• Attested Trade Name Approval Letter from the Dubai Economy or
• Passport copy of the Shareholders

Investors looking at opening a wholesale and retail business in the mainland of Dubai, getting a General Trading License from the Dubai Economy is the ideal choice. The Investor can obtain the General Trading License in Dubai from the Dubai Economy. There is an Instant License issued by DED which has a one-year validity and that does not require office space. However, post one year the investor has to renew the license by securing a physical office space for your company to conduct trade in and outside of UAE. General Trading License Cost in Dubai depending on your business activity, approvals, and several other factors. General Trading License in UAE enables the investor to directly sell, store, and distribute goods in the UAE. It will allow you to be actively involved in the local trading in the UAE and open a store and office anywhere in the UAE. Also, there is no restriction on the number of visas and employment visas. Depending on the office space acquired, you can employee staff accordingly. A foreign investor in the UAE to acquire a General Trading License must be having a local UAE Sponsor who would be holding 51% of shares. The shareholder agreement and other supporting documents must be submitted to the Dubai Economy to obtain the General Trading License in Dubai

• Choose the right jurisdiction –Mainland and the business activities under the general trading License
• Choose the trade name for your company and the legal structure
• Fill up the initial approval form and submit it to the concerned authorities
• Get the required approvals for your business if required
• Prepare the required documents such as the Memorandum of Association (MOA), and all the approved documents from the relevant government authorities
• Choose the ideal business location and obtain the Tenancy Contract and Ejari
• Obtain the Trade license by submitting all the required documents and fees
• Apply for residence visa and business bank account

• Signed and duly filled General Trading License application by the investor or manager
• Memorandum of Association, Shareholder agreement, other required documents
• Attested Trade Name Approval Letter from the Dubai Economy or
• Passport copy of the Shareholders

Investors looking at opening a wholesale and retail business in the mainland of Dubai, getting a General Trading License from the Dubai Economy is the ideal choice. The Investor can obtain the General Trading License in Dubai from the Dubai Economy. There is an Instant License issued by DED which has a one-year validity and that does not require office space. However, post one year the investor has to renew the license by securing a physical office space for your company to conduct trade in and outside of UAE. General Trading License Cost in Dubai depending on your business activity, approvals, and several other factors. General Trading License in UAE enables the investor to directly sell, store, and distribute goods in the UAE. It will allow you to be actively involved in the local trading in the UAE and open a store and office anywhere in the UAE. Also, there is no restriction on the number of visas and employment visas. Depending on the office space acquired, you can employee staff accordingly. A foreign investor in the UAE to acquire a General Trading License must be having a local UAE Sponsor who would be holding 51% of shares. The shareholder agreement and other supporting documents must be submitted to the Dubai Economy to obtain the General Trading License in Dubai

BENEFITS FOR THE INVESTOR

• UAE only has a 5% VAT on all trade transactions within the UAE and overall there is a significant tax benefit when compared to other European and Asian regions.
• General Trading License from DED enables you to take an office anywhere in the UAE and indulge actively in the local market.
• Company Formation in UAE Mainland is a seamless process. LLC Company Structure is the most chosen by the investors.
• Finding a local sponsor for LLC company is easy by taking assistance of Business Consultants
• Easy visa availability for employees. Visa quota is awarded based on the office size taken by the investor.
• Easy Bank Account opening and transacting in multi-currency.
• 100% profit and capital repatriation
  

RENEW LICENSE

Getting a general trade license in Dubai is a relatively simple procedure. Once obtained, the license is valid for 1 year in Dubai. After this, you’re required to renew your license. The renewal of trade license is valid for another 5 years. Apply for a renewal license at the Department of Development authority by collecting all the documents required. There are many mediums from which you can apply. These include a mobile application, authorized service channels, e-Services, and authorized law firms.

Documentation required during the renewal process

• Ejari Registration Certification
• Photocopy of Trade License
• Photocopy of Tenancy Contract
• Passport copy of all business entities
• A typed BR/1 form