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December 31, 2020
Dubai’s strategic location is an ideal place for doing any kind of business activity with easy access to worldwide trade. Dubai’s economic growth in various sectors has been evident over time, particularly in the business and financial sectors, as well as trade and logistics. So if you are interested to invest in a general trading company in Dubai, here are the important steps to follow to acquire a general trading license:
Develop a business plan. It is important to have a properly formulated plan which will include information such as target market, products, activities, marketing tactics, SWOT analysis, initial investment and more.
Choose your jurisdiction. This can be Mainland, FreeZone or Offshore. Specific laws and regulations apply depending on your chosen economic zone.
Apply for a general trading license. This will involve selecting a trade name for your company, getting registered with DED and other required authorities, and completing other required documentation. You would also need to select your office location and get a tenancy contract attested by Ejari. Once you submit all the necessary documents to DED and paid all the required fees which might cost around AED30,000, DED will issue the Trading License which is valid for one year.
Ease out the process of forming a company in the UAE by partnering with our trusted business consulting experts. We have a strong team of professionals to help you on your company formation and business strategy. Call us at +971 4303 8333 or email us at email@example.com.
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