Company Trade License UAE
Every free zone trade license in the United Arab Emirates is issued by the Department of Economic Development. It is possible to conduct several activities in Dubai with a general trading license. Among these activities are importing, exporting, and conducting commercial activities A Trade License is a document that specifies the activities that a corporation may engage in in the United Arab Emirates.
Trade license is issued to a natural or juridical person to practice any trading activity for the purpose of profit making through buying and selling of goods. These licenses are issued for engaging wholesale or retail trade enterprises, contractors, hotels, transport and storing establishments etc., A Trading License can be a General Trading or Specific Trading. A specific trading license limits the scope of activities to trade in only closely related items. [For e.g. a company cannot trade in building materials, if its licensed activity is trading in computer peripherals.
At Ledgerworx, we offer different license options to cater to the different industries and requirements of the companies. Here are the four types of trade license issued by the Department of Economic Development in Dubai:
- Commercial Trade License
- Industrial Trade License
- Professional Trade License
- Tourism Trade License
Allows the holder to import, export, sell, distribute and store items specified in the license. However, free zone enterprises holding a trading license may only sell finished goods in the UAE market through a local distributor or commercial agent that is properly registered in the UAE.
TYPES OF BUSINESS LICENSES IN DUBAI MAINLAND
Commercial License
A commercial licence is issued to a businessman who wants to perform trading activities involves trading products in the UAE. A commercial license is obtained from the respective authorities.
Professional License
An individual or business that provides professional services that are based on his skills, ability, education, and talent receives a professional license. The professional license grants 100% ownership.
Industrial License
Companies that manufacture units are granted an industrial license before producing goods for sale to consumers. They produce finished goods by consuming natural resources.
General Trading
The trading activities that require special approvals can also be traded under this activity or upon obtaining an NOC from the relevant departments. Allows commercial firms engaged in the import, trading, and re-export of any allowed goods.