General Trading License in UAE
General trading license allows business startups in UAE to conduct all of their trading activities under one license. With a trade license, your startup could become a key player in the supplies/service industry to support businesses.
It depends on several factors. What will be the products you would like to trade and will you be selling retail or wholesale within UAE or only overseas.
You can have a general trading company in the mainland of any of the emirates. You will require an UAE National (individual or corporate) who will own 51% of shares in the company with an agreement for you to have full power and operational rights as well as 100% profit. A mainland license will give you little restriction and allow you to sell retail or wholesale with no limitations on demographic.
You also have a choice of many free zones where you will have 100% ownership but you are not permitted to sell directly to consumer. This is a great option if you will only be selling the products overseas or wholesale to mainland based trading or distribution companies.
Also you need to be aware that in most jurisdictions you will also be required to have a commercial office or warehouse with a general trading license.
Name itself Suggests that with General Trading license, one can do trading of almost any legal product. (Only physical products, not services or digital products, IP rights etc.). Usually, people select this type of license, when they want flexibility in terms of product.
However, if you are sure on products you are going to deal, you can opt for Trading license with limited products, which is more cost effective.
So make your best choice based on flexibility or cost. To know, exactly how much flexibility will cost you, you need to make sure on depends on the type of license, Free zone or Main land and no of visa etc.
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