General Trading / E-Commerce
License
UAE, with its favorable business climate, has become a hub for investors looking to set up shop and hire employees for their operations. Dubai offers growth opportunities in various industries, making it an ideal location for trading establishments and e-commerce operations.
What is General Trading / E-Commerce License?
A General Trading / E-Commerce License is a type of trade license that is mandatory to run a business operation in Dubai. In the UAE, trade and commerce are strictly regulated, and there are hundreds of designated business activities, each requiring a Business License. A General Trading / E-Commerce License allows you to trade in almost everything, and allied business activities can be undertaken with the help of a single Business License.
Why Apply for a General Trading / E-Commerce License in the UAE?
Dubai’s population, well-connected public transport system, network of roads, and high disposable income create a significant demand for general trading establishments and e-commerce stores. These establishments supply fresh produce and provisions to the hospitality and tourism industry, including five-star hotels, resorts, and other players. Institutional customers and residents of Dubai also depend on general trading establishments and e-commerce stores for their various needs.
The UAE’s attractive tax structure makes it easy for those running general trading establishments and e-commerce stores. You are allowed to fully repatriate your profits or invested capital, and there are no forex restrictions. The local currency is pegged to the US dollar, creating a stable environment, free from frequent changes associated with forex conversion rates.
General Trading / E-Commerce License Activities
A General Trading / E-Commerce License in UAE allows you to trade in almost anything. You could deal in baked goods as well as toys, pet supplies, and perfumes, or any other combination that comes to your mind. There are licensing regulations such as how tobacco cannot be sold to minors, but for the most part, almost anything barring a few restricted items can be sold in the United Arab Emirates.
We can assist you in obtaining the appropriate trade license in Dubai for your business. Our team of pleasant and knowledgeable company formation consultants in Dubai collaborates with our legal team to ensure that all the necessary documentation is completed.
List of Documents Required for General Trading License / E-Commerce License in Dubai, UAE
To obtain a General Trading License / E-Commerce License in UAE, the following documents are required:
- Copy of passport
- Copy of residence visa (if already in the UAE)
- Copy of educational certificates [for Managers]
- Two passport-sized photographs
- NOC from the current sponsor if you are already a resident
This is applicable for all Directors, Shareholders, and Managers of the company. If you want to incorporate a subsidiary of a company, notarized and legalized copies of the following from the UAE embassy in the country of origin are also required at the time of application:
- Certificate of Incorporation
- Memorandum of Association
- Incumbency Certificate / Certificate of Good Standing (if applicable)
- Board resolution and power of Attorney
Benefits of Obtaining a General Trading / E-Commerce License in the UAE
Obtaining a General Trading / E-Commerce License in the UAE has numerous benefits, including:
- 100% foreign ownership
- Easy incorporation of a company in the United Arab Emirates
- Low or nil import duties
- Local and international trade
- No requirement of paid-up capital
- Easy application for work visas and dependent visas for spouses and family members of staff
- Freedom to recruit workers from anywhere in the world
- Ability to trade in multiple items at the same time
- Transfer funds worldwide easily
- No restrictions on foreign exchange
- Different configurations of offices to suit your needs (in case of an e-commerce company)
- Multiple warehouses
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