- General Trading License
What is a General Trading License in UAE?
A general trading license in Dubai or anywhere in the UAE allows businesses to import, export, store, and distribute a wide range of products across multiple industries, all under one license. This license gives you the freedom to trade a variety of goods, whether you’re dealing with consumer goods, industrial materials, or other products.
For businesses operating in RAKEZ, a RAK general trading license offers the same level of flexibility. It lets you trade locally and internationally. It’s an ideal option for entrepreneurs seeking to grow their trading activities in the UAE. With this license, you can access the benefits of the UAE’s free zones, including 100% foreign ownership and a tax-free environment.
- Why General Trading License
Benefits of a General Trading License in the UAE
Setting up a trading business in the UAE offers significant advantages. The country’s strategic location links Europe, Asia, and Africa, making it an ideal hub for global trade.
A General Trading License in RAKEZ gives your business a competitive edge with tax-free operations, 100% foreign ownership, and world-class logistics infrastructure. RAKEZ also cost-effective setup solutions, modern facilities, and simplified regulations.
RAKEZ is an excellent choice for entrepreneurs aiming to trade a wide range of products both locally and internationally. Below is a quick look at the key benefits of setting up your trading business in RAKEZ:
100% Foreign
Ownership
Full foreign ownership is allowed in RAKEZ, with no local sponsor required.
Versatility
Trade a wide range of products across industries, from electronics to food, without needing multiple licenses.
Cost-Effective
One license covers diverse trading activities, reducing setup and operational costs.
Tax Benefits
In RAKEZ, enjoy 0% corporate and personal tax.
Global Reach
Import, export, and distribute products locally and internationally with ease.
Streamlined Setup
RAKEZ offers fast licensing processes, business-friendly regulations, and modern infrastructure.
- General Trading License
What Can You Trade with a General Trading License in the UAE?
General Trading License is a versatile option for businesses that want to explore multiple product categories under one license. The RAK General Trading License in RAKEZ allows businesses to import, export, store, and distribute these products locally and internationally. However, certain restricted items like pharmaceuticals, alcohol, or hazardous materials may require additional permits.
| Category | Examples |
|---|---|
| Consumer Goods | Electronics, clothing, cosmetics, household items |
| Food & Beverages | Packaged foods, beverages, agricultural products |
| Industrial Products | Machinery, equipment, raw materials |
- Our Process
Step-by-Step Process for Getting a General Trading License in UAE
Start by partnering with Aurum, the representative office of RAKEZ in Dubai. Aurum’s expert team will guide you through the entire process, ensuring a smooth and efficient setup.
Decide whether to establish your business in the mainland or a free zone like RAKEZ. Mainland setup offers direct access to the local market, while free zones provide 100% foreign ownership, tax benefits, and streamlined procedures.
Choose a name that meets UAE naming standards. Avoid names with religious references, offensive language, or existing trademarks.
Clearly outline your trading activities to ensure they align with the general trading license scope. Prepare documents such as:
Document | Purpose/Details |
|---|---|
Passport copies of shareholders | Proof of identity for all involved parties. |
Proof of residence | Required to confirm the residential address of shareholders. |
Completed application form | Official application for the general trading license. |
Business plan (if required) | Outlines your business activities and strategy. |
Office lease agreement (mainland) | Confirms your business location if setting up in the mainland. |
Certificate of Incorporation | Confirms the corporate shareholder’s legal existence and registration. |
Certificate of Incumbency | Lists the current shareholders, directors, and officers of the corporate shareholder. |
Memorandum of Association | Outlines the company’s objectives, powers, and regulations. |
Board Resolution | Authorises the application for the general trading license and confirms approval by stakeholders. |
Submit your complete application to the relevant authority, either the DET for the mainland or the chosen free zone authority. Aurum will assist in ensuring everything is in order.
After approval, your general trading license will be issued. You can then register with customs (if applicable) and open a corporate bank account to start your trading activities.
- Frequently Asked Questions
Your Common Questions Answered
What is a RAK general trading license?
A RAK general trading license is issued by RAKEZ (Ras Al Khaimah Economic Zone). It offers flexible, cost-effective trading activities in the UAE, with 100% foreign ownership.
How long is a general trading license valid in the UAE?
A general trading license in the UAE is typically valid for one year from the date of issuance. It’s important to renew the license before it expires to avoid extra costs and disruptions to your operations.
What products can I trade with a RAKEZ General Trading License?
You can trade diverse goods such as consumer products, industrial equipment, and commodities. Restricted items like alcohol, pharmaceuticals, or weapons require special permits. Always confirm with Aurum for specific approvals.
What documents do I need for a general trading license in RAKEZ?
Documents include passport copies, proof of residence, a completed application form, and corporate documents if shareholders are companies. Aurum will help you prepare all these.
How long does it take to get a General Trading License in RAKEZ?
Documents include passport copies, proof of residence, a completed application form, and corporate documents if shareholders are companies. Aurum will help you prepare all these.
Can I use my general trading license to import and export goods?
Yes! A RAKEZ general trading license allows you to import, export, and distribute goods both locally and internationally.
Can I operate both in the UAE and internationally with a RAKEZ license?
Yes, a RAKEZ General Trading License allows trading within the UAE and globally. The RAKEZ Dual License also enables operations in both free zones and mainland UAE.
Can I amend my General Trading License activities in RAKEZ?
Yes, you can add or modify business activities with RAKEZ’s approval. Aurum assists with submitting amendment requests and updating your license to reflect new trading categories.
What office facilities does RAKEZ offer for General Trading License holders?
RAKEZ provides flexible options like co-working spaces, private offices, and warehouses tailored to trading needs. Aurum helps select the right facility based on your business size and budget.
How can Aurum help me get a RAK general trading license?
RAKEZ offers a simple and cost-effective way to get your general trading license with 100% foreign ownership and flexible workspace solutions. Aurum’s expert team will help you select the right structure, secure approvals, and start trading diverse products across industries.