How to Start a Trading Company in Dubai (2023)
Hidden Subtitle for Accessibility
September 28, 2023
Thinking to start a trading company in Dubai this year? Dubai is a great place for business, and we’re here to show you the simple steps to get started.
What is general trading company?
A trading company is a type of business that buys products and then sells them to customers. To run this kind of business, you need a special license that allows you to buy, sell, and trade different products. With a general trading license, you can sell all sorts of products from different industries, even if they are very different from each other.
Starting a trading company in Dubai
Dubai is a very important place for trading in the Middle East. It’s in a strategic location that makes it preferred than other places in Asia and Europe for trading. Dubai has excellent roads, cheap energy, and really good communication systems, making it the favorite place for traders and international companies. Also, its ports and airports are top-notch for handling goods from around the world, making Dubai a major place for shipping things.
Advantages of starting a General trading company
- The company can do business both in the local area and with other countries to help it grow.
- Investors have the option to sponsor residence visas for their dependents, including parents.
- It’s possible for several shareholders or investors to join in starting the business.
- There are minimal barriers to entry in sectors with high growth potential.
- Setting up a trading company in the UAE is cost-effective for potential investors.
- The business formation process offers the flexibility of obtaining various types of visas, including employee and residency visas.
- Launching a trading business in the UAE is known for its straightforward and efficient setup process.
- Entrepreneurs have multiple jurisdiction options, whether on the mainland or within free zones.
- The business structure allows for 100% foreign ownership, eliminating the need to involve UAE nationals as owners, shareholders, or directors.
How to Obtain a Dubai Mainland General Trading License?
- Choose a business name for your company
Select a suitable business name and legal structure for your company, ensuring that the trade name complies with the criteria specified by the Dubai Department of Economic Development (DED) and is unique.
- Choose Your Business Activity
First, you need to decide what type of trading business you want to start. It could be in various industries like retail, wholesale, import/export, or general trading. Make sure your chosen activity aligns with the business activities.
- Submit Required Documents
Prepare the necessary documents, which typically include your passport copies, visa copies, business plan, and a No Objection Certificate (NOC) if required. The specific documents may vary depending on your business structure and activity. We’re here to make the license application submission process as smooth, stress-free, and efficient as possible for you.
- Application Submission
Submit your license application along with the required documents to the DED or the relevant free zone authority, depending on your chosen business location.
- Payment of Fees
Pay the required fees for your license application processing, trade name registration, and any other relevant charges.
- Approval and Registration
Once your application is approved, you will receive your trading license. The license will specify the type of trading activities you can engage in, the legal structure of your business, and other important details.
- Additional Approvals
Depending on the nature of your business, you may need additional approvals or permits from specific government departments or regulatory authorities. For example, if you plan to import or export goods, you may need a customs code.
How Nexswitch can help you to Start a Trading Company in Dubai?
Nexswitch is your trusted partner when starting a trading company in Dubai. With industry experts on our team, we bring a wealth of knowledge to guide you. From selecting the optimal location to navigating complex regulations, Nexswitch’s industry experts provide a comprehensive range of services. This support extends to visa processing and ongoing assistance, ensuring a seamless and prosperous start for your trading venture in this vibrant market.