Company formation in Dubai Free Zone is a pivotal step for investors aiming to set up trading enterprises in the region. The UAE, renowned for its robust trade infrastructure, serves as an ideal hub for both international and local trade activities, making it a top choice for global investors. Within the UAE, investors can choose from an array of Free Zones and the Mainland, each offering attractive packages for obtaining a general trading license.
The Importance of a General Trading License
A general trading license in the UAE facilitates seamless conduct of international and local trade operations for investors. It is a prerequisite for engaging in trade activities involving various commodities within the UAE and across borders. To engage in import and export activities, a general trading company must obtain an import-export code.
Foreign entrepreneurs often opt for a general trading license and a bank account in the UAE to optimize their business revenue. With amendments to the commercial company law, expatriates can now establish 100% owned general trading companies in the UAE, with Dubai allowing registration within 24H including a virtual office setup.
Where to Find the Cheapest General Trading License
The cost of a general trading license varies across Emirates and Free Zones. SRTIP Free Zone located in Sharjah offers one of the cheapest options, with a license cost starting from AED 6,500, while Dubai Silicon Oasis – IFZA provides a cost-effective solution at AED 12,900 with zero visa quotas.
Why Choose Dubai for General Trading Company formation?
Dubai’s strategic location and excellent transport connectivity via air, sea, and land make it a prime location for general trading companies. The city offers a plethora of business opportunities, with Free Zones and the Mainland providing world-class facilities such as office spaces, warehouses, banking services, logistics support, and more.
General Trading company formation in Dubai
The cost of acquiring a general trading license in Dubai Mainland typically ranges between AED 30,000 and AED 40,000. This cost includes fees for trade name approval, initial submission, and virtual office contracts. With this license, investors can engage in trading multiple goods under a single trade license, making it a popular choice among traders.
Scope of General Trading in Dubai
The scope of activities covered by a general trading license in Dubai is extensive, encompassing wholesale, retail, and import-export of a wide range of goods, including essential items, clothing, foodstuffs, machinery, electronics, and more. This license allows entrepreneurs to trade in multiple commodities, offering greater flexibility compared to specific license categories.
FreeZoneMarket Expert Assistance
FreeZoneMarket specializes in company formation in Dubai free zone and Mainland. Our experienced business consultants provide comprehensive support throughout the company formation process, ensuring a seamless experience in obtaining a general trading license in the UAE. Contact us for tailored company formation packages and expert guidance.
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