What is the Exact Difference b/w a Normal Trade License & General Trading License? by BSW-Consulting Worldwide

Difference Between a General Trading license and a Trade License in DubaiUAE General trading is a type of trade that is permitted in the UAE. It is mandatory for anyone who desires to participate in commercial activities, like importing or exporting goods for business purposes, to acquire a “General Trade” license. With a general trading license, an individual can import or export multiple Sign In Get started

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Are you confused with the terms general trading and trade license in Dubai?

UAE is home to several small and large businesses like multinational firms and large manufacturing industries. Many individuals all around the world now consider UAE to be the ideal location for business opportunities. It has been one of the top preferences for people looking forward to starting a business in the modernized world bracket. The country is also concerned about attracting investors and companies at every opportunity. However, some of them may run into issues when it comes to licensing. This is especially true for a business operating in the trading sector. Such a firm needs to know what type of license it should obtain before beginning operation. So let us look at the general trading license in Dubai and trade license in UAE in detail.

With a general trading license, an individual can import or export multiple products like furniture, clothing, and electronics. However, not all the goods fall under the general trading License. Some items require specific permission from municipalities or higher authorities before they are allowed to be traded. Meanwhile, while taking the trade license into concern, the Department of Economic Development Authority in Dubai issues trade licenses to allow entrepreneurs to conduct business. For instance, if you decide on pharma-related products or banks and other financial-related activities, you need to seek permission from the respective authorities. Moreover, all commercial and industrial businesses in the UAE must register with the local Chamber of Commerce and Industry

The following categories of licenses can be used to distinguish the commercial operations in the country. If you want to explore more about the types of trade licenses used in the UAE, then have a glance at it. Professional License: It is primarily meant for occupations, services, artisans, and craftspeople Sign In Get started

. Also read this: Business Setup Industry License Services in Dubai Types of Trade Licenses in the UAE

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8/19/22, 10:23 AM What is the Difference Between General Trading and a Trade License in UAE? | by Business Setup Worldwide (BSW) | Aug, 2022 | Medium

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Industrial License: This license is issued for starting a manufacturing or industrial operation. Tourism License: This type of license is applicable for vacation home rental, hotel apartment rental, outbound and inbound tour operators, travel agencies, and marine tour operations. Meanwhile, there might be several challenges in obtaining your trade license in the UAE, but if you deal with a business consultant, they can help you get the trade license within a short time. Also read this: Everything About E-commerce Trade License in UAE Steps to Obtain a Trade License in UAE If you want to establish a company in the UAE, you need to apply for a trade license. This license identifies your company as a sole trader and authorizes it to trade goods or services within UAE. As painless as it may sound, you must follow numerous steps and abide by the laws and regulations. One should consider the following steps before applying for a trade license. Sign In Get started

8/19/22, 10:23 AM What is the Difference Between General Trading and a Trade License in UAE? | by Business Setup Worldwide (BSW) | Aug, 2022 | Medium https://medium.com/@bsmcsocial/what-is-the-difference-between-general-trading-and-a-trade-license-in-uae-40c9d6ea68da 5/6 O e s ou d co s de t e o o g steps be o e app y g o a t ade ce se. 1. Select a Business Name 2. Define Your Legal Structure 3. Define Your Business Activities 4. Complete the Application Form 5. Get Additional Approvals 6. Gather Required Documents 7. Choose Your Business Location 8. Submit Your Application There are various startup business assistance programs designed to ease the way for new entrepreneurs. So, start your business by deciding on a worthwhile venture and enrolling with our qualified professionals. Business Setup Worldwide is here to assist all business owners and Sign In Get started