How To Start General Trading Company in Dubai - PowerPoint PPT Presentation

About This Presentation
Title:

How To Start General Trading Company in Dubai

Description:

A general trading license permits the business owner to trade in most household gods around the UAE market except Cryptocurrency trading, oil & gas. To set up the general trading business in Dubai, the individual has to follow the proper procedure step by step that incorporates all the laws which require to be abided in order to set up a legal company in the area. If you are wondering how to start a general trading company in Dubai, then here we mention the complete procedure to set up a general trading company. – PowerPoint PPT presentation

Number of Views:71
Updated: 7 August 2020
Slides: 10
Provided by: startanybusiness

less

Transcript and Presenter's Notes

Title: How To Start General Trading Company in Dubai


1
How To Start General Trading Company in Dubai
2
Dubai is one of the primary business locations
for all foreign traders and startup entrepreneurs
from different parts of the world, not only Dubai
but all over the UAE. Over the past few years,
there has been massive growth and development in
the business and financial sector in UAE. Along
with these sectors, there has been enduring
development in several other industries such as
trade and logistics, cafeteria and restaurant and
many more. The city in UAE is considered to be
one of the most prestigious trading ports across
the world. To set up the general trading business
in Dubai, the individual has to follow the proper
procedure step by step that incorporates all the
laws which require to be abided in order to set
up a legal company in the area. If you are
wondering how to start a general trading company
in Dubai, then here we mention the complete
procedure to set up a general trading company.
PITCH DECK V 1.0
3
Procedure To Start General Trading Company
  • Business Plan
  • Obtain A License
  • Choose The Jurisdiction
  • Search A Sponsor

PITCH DECK V 1.0
4
Business Plan
In order to set up a general trading business in
Dubai, you need to prepare a business plan. It is
required to decide the type of business and
business activities you want to set up. The
proper business plan has to be done after a
comprehensive market examines. A business plan is
compulsory for the progress of the business. The
business plan should consist of thorough research
considering these things
  • Market
  • Products and Activities
  • Initial Investment
  • Office Space
  • Total Number of Employees
  • Competitors
  • SWOT Analysis

PITCH DECK V 1.0
5
Obtain A License
If a company want to import, export or trade
products, you can apply for a general trade
license. Getting a general trade license is
expensive, but it has its own benefits and perks.
The method of getting a trading license is easy.
General trade license is issued by the Department
of Economic Development (DED).
Choose The Jurisdiction
Dubai market is categorized into three
jurisdictions named as mainland, free zones and
offshores. So choose the jurisdiction as per the
requirements of your company. It is finest to set
up the company in Dubai mainland because there is
more subjection to the clients, you can trade
with other companies in Dubai, there is no
restriction on open multiple branches and
issuance of work visas.
6
Search A Sponsor
If you want to set up a general trade company in
Dubai, then you require a sponsor for your
business. You cannot set up a company in the
mainland without obtaining your business
sponsored by UAE national. The sponsor will
influence 51 of shares in your company. There
are two kind of sponsorship-corporate sponsorship
and local sponsorship. A corporate sponsor will
offer you 100 ownership through investors right
protection contract, and a local sponsor will
hold 51 shares in your business.
7
Steps To Get General Trading License In Dubai
  • Choose the trade name for the company
  • Plan all business activities
  • File the necessary applications
  • Opt the business location
  • Submit the application to the Department of
    Economic Development (DED)
  • Pay the required fees

8
Documents Required
  • License application signed by the legal
    representative or managers
  • Memorandum of Association (MOA)
  • Attested company name and approval letter from
    the Department of Economic Development (DED)
  • Passport copy of the managers

9
Contact us
Office 1200, Al Musalla Tower, Al Fahidi Metro
Station, Bur Dubai, Dubai, United Arab Emirates
Phone 971 43233854
E-mail info_at_startanybusiness.ae
Visit us www.startanybusiness.ae
Start Any Business
Write a Comment
User Comments (0)
About PowerShow.com