As Dubai is a favorable place for business, many business people are choosing to start a new business in Dubai. The comfort of doing business, the enormous demand for the goods, and closeness to the developing markets make Dubai one of the most desirable sites for starting a new business.But, to carry out it, you need to have a legal trade license from the DED, the Department of Economic Development, for which you have to go through various rules and procedures to obtain this license.General Trading is one of the most popular business activities in the UAE as many customers wish to take benefit of importing and exporting without any tax. A General Trade license stretches the flexibility and freedom to trade in just about any product permissible under the Department of Economic Development Activity List.There are some merchandises that are not allowable to be imported or exported even with a General Trading license. Those are the kind of products that want special approvals from different Municipalities of the UAE.
These products include medical products, guns, alcohol, and cars etc. They all need special approvals. They cannot be traded even under a General Trade license. These products are allowable to be traded only through the definite Commercial Trade license.Any businessperson who is observing to start aÂ business in Dubai must have a general trading license. One of the benefits or advantages of having a general trading license is that a company can trade within the UAE and other Emirates. It is significant to note that there are delimited goods and products such as alcoholic beverages, frozen goods, and so on that need special approval from the particular authority to be traded.Due to marvelous chances in local as well as nationwide and global markets, a trader has the benefit of manipulating all the trading potentials.Dubai delivers 3 main choices to its businesspersons for business setup in the UAE, they can set up a company in the mainland, free zones or offshore. An entrepreneur needs to choose from which area he/she desires to get a trade license in Dubai. Both the offshore and free zones have their merits and demerits.