What is the essential tool to run a business? โ To get a General trading license in Dubai. In this city, it is necessary to have a general trading license to run a business. The general trading license covers multiple business activities and is a must for all companies to possess. It is not difficult to obtain the cheapest trading license in the UAE; read further details by Consultzone to know how.
How to obtain a General Trading license in Dubai?
The Department of Economic Development issues a low-cost General trading license in the UAE mainland. DED introduced a new permit recently known as the instant license. To obtain a instant DED company trading license, a person must visit the DED online portal and apply for the permit. It is a hassle-free process with few requirements. The application process to get a trade license in Dubai does not require the MOA (Memorandum of Association) until after a year. Once the application for the cheapest trading license in the UAE is complete, the DED portal will finish the rest of the process in a few minutes. This instant license is valid for one year. Whereafter, every year the permit has to be renewed.
Steps To Apply For An Instant General Trading License in Dubai
- Copy of the passport of all the license parties (partners and managers).
- Copy of residence visa and NOC.
- Copy of visa.
For an E-commerce business, there is an E trader license available to conduct business online. An E-commerce license in Dubai is a mainland license issued by DED. An E trader license allows the owner to engage in commercial activities online. It does not require any strict formalities and is a comfortable choice for people who want to run their own business online legally. It is vital to research thoroughly before applying for a DED E trader license in Dubai because it comes with few trade restrictions. Despite few conditions, an E trader license can open avenues for an E-commerce business to thrive in Dubai. To get a trading license in Dubai of this kind, an individual can apply through the DED online portal.
Trading License Renewal In Dubai
To renew a company trading license in mainland Dubai, one must access the DED website and apply for renewal through its eServices Portal. Companies have to apply for license renewal in Dubai every year without fail to avoid penalties. DED imposes severe penalties for non-renewal and may also ban the company from conducting trading in Dubai. Therefore, companies need to apply for a DED license renewal on a timely basis.
What Is The Cost Of A General Trading License In the Dubai?
A general trading license can cost around AED 15,000 to AED 50,000, depending on the type of business. At the initial stage, a company might incur an additional charge of AED 2000 to register a trading name and notarize legal documents. Eventually, the cost of the DEDโs cheapest trading license in the UAE becomes bearable. On the other hand, a DED instant license is approximately AED 3000, and an E Trader license fee is AED 1070.
It is crucial to get a trading license in Dubai to conduct smooth trade and participate in business activities. So, apply for a suitable low-cost trading license in the UAE for your business today.
