One of the most popular business activities in the UAE is General Trading as many clients wish to take advantage of Importing and Exporting with no taxes. A General Trade license gives you the freedom and flexibility to trade in just about any commodity allowable under the DED Activity List. There are certain commodities that are not permitted to be traded with a General Trading license and those are the type of products that require special approvals or clearances from different UAE Municipalities. Examples of these type of products are medical products, guns, alcohol and cars as they all need special approvals and cannot be traded under a General Trade license. These products are allowed to be traded however under a specific Commercial Trade license and with the proper approvals.
Some of our clients, who setup a General Trading company, had their first activity as trading in garments. After time, they realized that they could make more money trading in computer products as the UAE advances in technology and cities like Dubai are moving closer to a Smart City. Because this company had a General Trading License, they did not have to apply for a completely separate license in order to start trading in computer products. If they had a specific Trade License in Garments only, they would have to pay more money and go through a process of adding the activity to trade in computer products. Like this company, it is wise to choose a General Trade license from the start because it allows you to shift in business practices in the future.
General Trade License
Setting up a General Trading Business in the UAE is not difficult. Many free zones offer the license as do various local departments of economic development in all the Emirates.
But with all of the choices, which option is the best for you? If you are looking to have 100% ownership of your company, a free zone is your only option and some would say it’s the best. I would recommend the Ajman Free Zone is the best options and highly recommended, that is due to their low costs, strategic locations and ease of doing business.
AJMAN FREE ZONE LICENSE PACKAGE
- Trade License
- Smart Office ( Free Electricity / AC / Furniture / Name Board )
- Chamber of Commerce Certificate
- Lease Agreement
- Establishment Card
- 2 VISAS + Family Sponsorship
Business Setup ( Initial Payment)
- Trade License
- Smart Office + Lease Agreement
- Chamber Of Commerce Certificate
- Establishment Card
- Business Bank Account
- Free Electricity / C / Furniture / Sign Board
- No capital Required
- No Sponsor Required
- 100% Ownership
|Emirates ID||300 AED|
|Medical||450 AED – Ajman|
|Visa Pasting||1,350 AED|
|( Step 1 )||If you can visit us in morning hours ( 9 – 11 am ) … we can establish your company and issue below document on same day ….
We will apply for your establishment card on same day
|( Step 2 )||We will receive your establishment Card
( Duration – Approx.10 working days)
|( Step 3 )||Once we receive your establishment card we will apply for your visa / Entry permit
( Duration – Approx. 3 days )
|( Step 4 )||You can enter country using above entry permit and then need do the medical and emirates ID
(Duration – Approx. 2 days )
|750 AED (Approx.)|
|( Step 5 )||Visa Pasting Required below documents form you
( Duration 3 days )
|( Step 6 )||You can apply family visa. Cost will be as follows
- Smart Office Package ( 2 Visa)
- Required Documents to start your New Company
- Passport Copy
- Visa Page Copy
- Passport Size Photograph
- 4 Company Names
- 11 postdated Cheques ( any UAE Resident visa holder Can provide Cheques on behalf of the owner if owner does not have his own cheques )
- 3 Months Bank Statement
- NOC From the exciting Sponsor if the applicant is a resident of the UAE.