Starting a freezone company in Dubai offers great benefits and opportunities for foreign investors. You may enjoy tax benefits and the incredible infrastructure of this state. If you are also planning to start a business in Dubai, you may be wondering what types of business licenses you can apply for. If so, read this article to learn about the general trading license, the commercial trade license, and the industrial trade license.
General Trading License:
The process of acquiring a general trading license in the Dubai free zone is straightforward and fast. The initial licensing fee is around AED 11,900 and may vary depending on the free zone. After the registration is completed, you can rent warehouse and office space for your business and begin operations. The cost varies depending on the size and scope of your business, and the process can be completed in just three to four days. Depending on the type of business, the general trading license can start from as little as AED 17,000, with the price increase based on the details of your company.
Commercial Trade License:
In Dubai, it is possible to get a commercial trade license for your business. The license is based on your business activity. The government of Dubai offers various categories of licenses for different businesses. Moreover, they provide customer support and facilitate business setup and process. A comprehensive set of business solutions is available for your convenience. These solutions can be customized according to the specific needs of your business. For instance, you can set up a branch office in a free zone if you are looking to expand your business into other regions.
Industrial Trade License:
Applying for an industrial trade license in Dubai is a necessary step when planning to establish your business in the UAE. The process involves obtaining approval from various bodies, including the Chamber of Commerce and industry of Dubai, the Industrial Register, the Ministry of Health, and other government departments. A company formation specialist can assist with all these steps. Once the application is complete, the company formation professional can obtain the required permits. This process is relatively simple. When you are looking for investing in Dubai free zones, you must know about various types of trade licenses.