Cost of general trading license in Dubai ᐅ Make the right choice!

ᐅ What is the cost of obtaining a general trading license in Dubai?
The cost of obtaining a general trading license in Dubai typically ranges from AED 10,000 to AED 15,000. This price can vary depending on the specific requirements of your business and the additional permits you may need.

ᐅ Are there any additional fees associated with renewing a general trading license in Dubai?
Yes, there are renewal fees for the general trading license. Typically, you can expect to pay about AED 8,000 to AED 12,000 for the renewal process, depending on the duration and the nature of your business activities.

ᐅ What documents are required to apply for a general trading license in Dubai?
To apply for a general trading license in Dubai, you typically need to provide a trade name reservation certificate, a copy of your passport and visa, a no-objection letter if applicable, and a tenancy contract for your business location.

ᐅ How long does it take to process a general trading license in Dubai?
The processing time for a general trading license in Dubai can take anywhere from 3 to 5 working days, provided all documents are submitted correctly. However, delays may occur if there are any discrepancies in the submitted paperwork.

ᐅ Can I apply for a general trading license online?
Yes, many of the processes for obtaining a general trading license in Dubai can be completed online. You can submit your application and required documents through the Dubai Department of Economic Development's official website.

ᐅ Are there specific zones to consider when applying for a general trading license in Dubai?
There are both free zones and mainland options for obtaining a general trading license in Dubai. Free zones often offer additional benefits like 100% foreign ownership, while mainland licenses allow for broader trading across the UAE.

ᐅ What is the difference between a general trading LLC license and a regular trading license in Dubai?
A general trading LLC license allows you to carry out a broader range of commercial activities compared to a regular trading license. This is especially beneficial for businesses looking to trade in multiple categories of goods.

ᐅ What are the benefits of obtaining a general trading license in Dubai?
Having a general trading license in Dubai opens up numerous opportunities for businesses. It enables you to import and export goods, engage in wholesale activities, and expand your market reach both locally and internationally.

ᐅ Do I need a local sponsor for a general trading license in Dubai?
Yes, if you opt for a mainland general trading license, a local sponsor (UAE national) is required to hold 51% of the company. However, this is not necessary for businesses operating within free zones.

ᐅ What is the cost of a DED general trading license?
The cost of a DED general trading license typically falls within the range of AED 10,000 to AED 15,000. This price may include initial registration, trade name reservation, and certain administrative fees.

ᐅ Is there a specific licensing authority for a general trading license in Dubai?
Yes, the Dubai Department of Economic Development (DED) is the primary authority for issuing general trading licenses in Dubai. Working with DED ensures that your business complies with local regulations and standards.

ᐅ Can I convert my existing business license to a general trading license in Dubai?
Yes, converting an existing business license to a general trading license is possible, but it requires compliance with DED regulations. The process may involve additional documentation and fees.

ᐅ What types of businesses benefit from having a general trading license in Dubai?
Businesses engaged in retail, wholesale, import/export, and multiple product categories significantly benefit from having a general trading license. It offers the flexibility to expand product lines and engage in various business activities.

ᐅ How can Cassius Law assist me in obtaining a general trading license in Dubai?
At Cassius Law, we offer comprehensive legal services that encompass everything from initial consultations to the completion of licensing processes. We ensure that you meet all regulatory requirements, helping you navigate the complexities of business setup in Dubai.

ᐅ What should I consider before applying for a general trading license in Dubai?
Before applying for a general trading license, consider the nature of your business activities, required permits, location, and potential costs. Additionally, understanding Dubai's business landscape can significantly influence your success.

ᐅ Are there penalties for lapsing a general trading license in Dubai?
Yes, there are penalties for failing to renew your general trading license on time. Businesses may incur fines, face restrictions on operations, and may have to deal with complications in maintaining their legal status in Dubai.

ᐅ How can I contact Cassius Law for assistance with a general trading license?
You can easily reach out to Cassius Law through our website, email, or phone. Our team of experts is ready to provide personalized advice and support for all your licensing needs. Don’t hesitate to contact us for a consultation tailored to your business requirements.

In conclusion, the process of obtaining a general trading license in Dubai may seem complex, but with the right guidance and legal support, it can be a straightforward experience. The team at Cassius Law is here to ensure you have all the information and assistance you need to navigate this essential step in your business journey. We look forward to hearing from you soon!