Favourable trading environment and the growing demand for goods made in Dubai are encouraging business people to start new businesses in the country. When compare with other countries, the UAE is one of the countries that is showing a huge GDP growth these years. Every year the country’s GDP growth is improving in such a way that it is expected to touch new heights by 2020. Economic growth of the country is mainly from foreign trade. The government is providing all kinds of encouragements to make the country business friendly. Many investors are giving top priority to start new ventures in Dubai as there are tremendous opportunities and favourable environment.
Growing demand for general trade license in Dubai can be attributed to various factors. General trade license is essential to start a retail business in the country. Any local or foreign investor who wishes to start a retailing business should apply for a general trading license in dubai. Many have doubts regarding how to get trade license in dubai? The investors have to submit general trading license application and documents supporting it to the Chamber of commerce. Those who wish to do a wholesale business should also have a general trading license.
Many business people are interested in making Dubai as a hub for import and export of goods to the neighbouring countries. Such people should have a valid general trading license. As air, water and land transportation facilities are provided by the government by excluding duties, investors can gain a huge profit from the business. Today you can see several hundreds of export and import companies in various regions of UAE. Again, you can make Dubai as a warehouse or storage hub for your business by having a valid general trading license. Foreign investors have a lot of possibilities for starting a business. One must understand the pros and cons of doing business in each area before taking a final decision.
Lots of facilities are available for general traders. They can use airports, seaports, roadways, highways, warehouses, storage facilities, transportation containers, manufacturing facilities and billing and labelling facilities of the country. As all the facilities available here matches with international standards, the traders are getting a wonderful opportunity to utilize resources at the same workstation.
Benefits of a general trade license in Dubai
Local and international trading – By getting a general trading license the company can trade within Dubai and other emirates. As there are tremendous opportunities within the local markets, a trader can exploit all trading possibilities locally and internationally.
Tax free trading – Many trade zones in Dubai allows you to trade in a tax free manner. You don’t have to pay tax for profit, income or for any such amount. Tax free trading allows in saving a lot.
Auditing is not mandatory – Like in other jurisdictions, in Dubai you don’t have to submit auditing report to the government authorities.
Banking facilities – You can use all types of banking facilities for personnel and corporate banking.
Many have doubts regarding the best zones where they can do a general trading business. Ajman free zone and Hamriyah free zone are two of the best accepted zones where you can do business at lower cost. Check the pros and cons before applying for a general trade license in Dubai.
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